Emmanuel wants adequate sensitisation on new currency
Governor Udom Emmanuel has called for adequate sensitisation on new currency introduced by Central Bank of Nigeria (CBN) to check negative impacts on its end users, especially traders in rural and riverine communities.
Emmanuel made the call while addressing worshippers at the January 2023 edition of Government House Prayer Summit held at Latter House Chapel, Governor’s Lodge, Uyo.
The governor, who applauded the rebranding, however, viewed it as hasty and inconsiderate, particularly on the infrastructure gap and peculiarities of vast rural and riverine population, calling for caution against stifling grassroots economy while trying to implement a seemingly welcome development.
Observing that the old currency notes were already becoming scarce while the new notes were yet to be in adequate circulation, the governor expressed worries over inadequate sensitisation to ensure that traders at the rural and riverine communities will not trade with the old notes only to be stranded in their transactions with city dwellers.
He said: “How would people staying in the creeks doing fishing, bring their aquatic produce to the beach market to sell be expected to transact through a POS terminal; how will they buy food stuff and other things in the creeks they are returning to, considering the cost of food. We can actually mix these things up and make life a bit easier.”
According to him, considerations should be given to infrastructure gap and some socio-economic peculiarities while introducing developments that work in economies where people pay things as little as taxi fare through electronic means, maintaining that such decisions should not be rushed due to political underpinnings without consideration for the welfare of the generality of the people.
On the upcoming elections, Emmanuel said the elite are to be blamed if, in their choice of a person to run the affairs of a country with over 200 million people, they ignore the criteria they consider in recruiting a Managing Director or Chief Executive Officer of a Business Enterprise.
At the well attended prayer summit, which featured praise and worship session, intercessory prayers, choir renditions and ministration, Bishop Nick Iheanacho of Arise Fellowship International Church, Uyo, preached on “Keys of Power” taken from Matt: 16: 19.
The Cleric urged Christians to exercise their power through prayers and fasting while seeking the face of God.