The presidential candidate of the African Action Congress (AAC), Omoyele Sowore, on Wednesday faulted the redesign of the naira, saying the Federal Government should have given the funds for the redesigned notes to the Academic Staff Union of Universities (ASUU), IgbereTV reports
Speaking during an interview, Sowore said the amount the Central Bank of Nigeria (CBN) spent to redesign the naira is N218 billion. He argued that the fund should be disbursed to aggrieved varsity lecturers.
Sowore flayed Nigerian leaders for not addressing the welfare of Nigerians but only concerned about the naira redesign.
“These are issues you get from leaders who are concerned about the welfare of the people of the country, not the redesign of the naira which cost us N218 billion. We should have given that money to ASUU,” he said.
According to him, the intervention fund will help prevent strikes as well as help improve the state of the nation’s tertiary education sector.
Earlier today, President Muhammadu Buhari unveiled the redesigned N200, N500 and N1000 notes at the weekly meeting of the Federal Executive Council (FEC) in Abuja