• Home
  • Agric
  • Sci & Tech
  • Health
  • Environment
  • Hausa News
  • More
    • Business/Banking & Finance
    • POLITICS
    • Entertainments & Sports
    • International
    • Investigation
    • Law & Human Rights
    • Africa
    • ACCOUNTABILITY/CORRUPTION
    • Hassan Gimba
    • Column
    • Prof. Jibrin Ibrahim
    • Prof. M.K. Othman
    • Defense/Security
    • Education
    • Energy/Electricity
    • Entertainment/Arts & Sports
    • Society and Lifestyle
    • Food & Agriculture
    • Health & Healthy Living
    • International News
    • Interviews
    • Investigation/Fact-Check
    • LAW & HUMAN RIGHTS
    • Oil & Gas/Mineral Resources
    • PRESS FREEDOM/JOURNALISM/PR
    • General News
    • Presidency
  • About Us
    • Contact Us
    • Board Of Advisory
    • Privacy Policy
    • Ethics Policy
    • Teamwork And Collaboration Policy
    • Fact-Checking Policy
    • Advertising
  • Media OutReach Newswire
    • Wire News
  • The Stories
Facebook Twitter Instagram
Trending
  • Wildfires: 267,000 flee as France, Spain battle raging infernos
  • [INTERVIEW] Nigeria’s insecurity will be defeated in 774 LGAs and Abuja — DIG Gumel
  • State police bill bars governors from controlling commissions, guarantees direct funding
  • FG launches portal for Nigerians to access loans for laptops, smartphones, tablets
  • PFIPC: Fake agency originated during Buhari administration – Budget Office
  • How Obasanjo is using Na’Abba bribery claim to favour his kinsman ahead of 2027 polls – Atiku
  • Telemedicine: Why the next billion-dollar healthcare investment opportunity has arrived in Nigeria [I], by Dr Fakunle Aremu
  • Alimosho residents decry uncollected refuse
Facebook Twitter Instagram YouTube
AsheNewsAsheNews
  • Home
  • Agric

    LIFE-ND targets 10,805 beneficiaries in Delta AF phase

    July 25, 2026

    FG, IFAD launch CSAPR project to boost climate-resilient agriculture

    July 25, 2026

    Nigeria to send 120 members team to WSF 2026 in Benin

    July 25, 2026

    Kano health commissioner urges farmers to boost nutritious food production

    July 24, 2026

    Ogun VCDP distributes 16 tricycles to farmer groups

    July 24, 2026
  • Sci & Tech

    FG launches portal for Nigerians to access loans for laptops, smartphones, tablets

    July 25, 2026

    Zambia’s Mwale elected ATU secretary-general

    July 25, 2026

    NASENI shortlists 12 research proposals for commercialisation grant

    July 24, 2026

    TikTok removes 4.8m videos in Nigeria in Q1 2026

    July 23, 2026

    ALTON: Nigeria’s digital economy ambition unattainable without protected telecom infrastructure

    July 23, 2026
  • Health

    Telemedicine: Why the next billion-dollar healthcare investment opportunity has arrived in Nigeria [I], by Dr Fakunle Aremu

    July 25, 2026

    NCDC: Lassa fever cases rise in week 28

    July 25, 2026

    Taraba health college holds free dental outreach

    July 25, 2026

    Edo unveils roadmap for universal health coverage

    July 24, 2026

    NAFDAC launches nationwide crackdown on sachet, small-bottle alcohol

    July 23, 2026
  • Environment

    Wildfires: 267,000 flee as France, Spain battle raging infernos

    July 25, 2026

    Alimosho residents decry uncollected refuse

    July 25, 2026

    Shettima: Africa must control Its resources, trade

    July 25, 2026

    UNDP/GEF-SGP empowers over 600 nature-positive MSMEs

    July 24, 2026

    Association to deliver 10,000 social housing units by 2030

    July 24, 2026
  • Hausa News

    UNA signs MoU to launch air Bissau in Guinea-Bissau

    June 15, 2026

    Otti plans 250-room 5-star hotel in Umuahia

    April 11, 2026

    Anti-quackery task force seals 4 fake hospitals in Rivers

    August 29, 2025

    [BIDIYO] Yadda na lashe gasa ta duniya a fannin Ingilishi – Rukayya ‘yar shekara 17

    August 6, 2025

    A Saka Baki, A Sasanta Saɓani Tsakanin ‘Yanjarida Da Liman, Daga Muhammad Sajo

    May 21, 2025
  • More
    1. Business/Banking & Finance
    2. POLITICS
    3. Entertainments & Sports
    4. International
    5. Investigation
    6. Law & Human Rights
    7. Africa
    8. ACCOUNTABILITY/CORRUPTION
    9. Hassan Gimba
    10. Column
    11. Prof. Jibrin Ibrahim
    12. Prof. M.K. Othman
    13. Defense/Security
    14. Education
    15. Energy/Electricity
    16. Entertainment/Arts & Sports
    17. Society and Lifestyle
    18. Food & Agriculture
    19. Health & Healthy Living
    20. International News
    21. Interviews
    22. Investigation/Fact-Check
    23. LAW & HUMAN RIGHTS
    24. Oil & Gas/Mineral Resources
    25. PRESS FREEDOM/JOURNALISM/PR
    26. General News
    27. Presidency
    Featured
    Recent

    Wildfires: 267,000 flee as France, Spain battle raging infernos

    July 25, 2026

    [INTERVIEW] Nigeria’s insecurity will be defeated in 774 LGAs and Abuja — DIG Gumel

    July 25, 2026

    State police bill bars governors from controlling commissions, guarantees direct funding

    July 25, 2026
  • About Us
    1. Contact Us
    2. Board Of Advisory
    3. Privacy Policy
    4. Ethics Policy
    5. Teamwork And Collaboration Policy
    6. Fact-Checking Policy
    7. Advertising
    Featured
    Recent

    Wildfires: 267,000 flee as France, Spain battle raging infernos

    July 25, 2026

    [INTERVIEW] Nigeria’s insecurity will be defeated in 774 LGAs and Abuja — DIG Gumel

    July 25, 2026

    State police bill bars governors from controlling commissions, guarantees direct funding

    July 25, 2026
  • Media OutReach Newswire
    • Wire News
  • The Stories
AsheNewsAsheNews
Home»ECONOMY»How Naira note policy has grounded Nigeria’s economy – Lawmaker
ECONOMY

How Naira note policy has grounded Nigeria’s economy – Lawmaker

NewsdeskBy NewsdeskFebruary 10, 2023Updated:February 10, 2023No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

A lawmaker in Ondo state, Mr. Sunday Olajide, has described as “choking” and inflicting pain the Central Bank of Nigeria’s (CBN) redesigned naira note policy introduced late last year.

Olajide, a member of the Ondo State House of Assembly, representing Akure South Constituency 2, in a statement made available to newsmen on Friday in Akure, rued the policy and called for speedy measures to restore normalcy.

He said that the scarcity of the new naira notes, withdrawal limit policy and lingering fuel scarcity had caused severe pains to many homes in the country.

“Nigerians are finding it extremely difficult to survive. The policy is choking everyone.

“It has come to our knowledge that some elements are out there sabotaging the system apparently in a bid to scuttle the chances of Asiwaju Bola Tinubu in the election”

“They are enemies of the country. Truth be told, President Buhari inherited certain appointees of government from the Peoples Democratic Party (PDP) who are still within the system,” the lawmaker stated.

Olajide said that Nigerians are faced with the hardship of getting the redesigned naira notes from the banks and also are also battling with fuel scarcity, paying as much as N550 for a litre of petrol at some filling stations.

The lawmaker said that the situation which has lingered since the beginning of 2023 was inimical to the economy of country and the health and wellbeing of the people.

“Is Emefiele really on top of his job? The policy by Emefiele led CBN has shown that he lacks the knowledge and experience to turn around the country’s economy,” Olajide said.

He stated that some economic saboteurs were behind what the country was currently passing through and were clearly not working in the interest of All Progressives Congress (APC) and the government.

“Don’t let us deceive ourselves. Buhari is not the problem.

“He meant well for the nation and he wouldn’t allow his infrastructural legacies and efforts on security be bungled just like that,” the lawmaker said.

Olajide, a member of APC Presidential Campaign Council (PCC) urged Nigerians to vote Sen. Tinubu, saying that the renewed hope manifesto of Tinubu would offer refreshing reliefs to Nigerians.

The lawmaker said that Tinubu remained the man to beat in the February 25 Presidential election.

Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Newsdesk
  • Website

Related Posts

CBN: Currency in circulation falls to N5.52trn in June

July 24, 2026

Naira strengthens to N1,367.76/$ as dollar liquidity improves

July 24, 2026

US imposes new tariffs on Nigeria, 59 other countries [FULL LIST]

July 24, 2026

Leave A Reply Cancel Reply

Wildfires: 267,000 flee as France, Spain battle raging infernos

July 25, 2026

[INTERVIEW] Nigeria’s insecurity will be defeated in 774 LGAs and Abuja — DIG Gumel

July 25, 2026

State police bill bars governors from controlling commissions, guarantees direct funding

July 25, 2026

FG launches portal for Nigerians to access loans for laptops, smartphones, tablets

July 25, 2026
About Us
About Us

ASHENEWS (AsheNewsDaily.com), published by PenPlus Online Media Publishers, is an independent online newspaper. We report development news, especially on Agriculture, Science, Health and Environment as they affect the under-reported rural and urban poor.

We also conduct investigations, especially in the areas of ASHE, as well as other general interests, including corruption, human rights, illicit financial flows, and politics.

Contact Info:
  • 1st floor, Dogon Daji House, No. 5, Maiduguri Road, Sokoto
  • +234(0)7031140009
  • ashenewsdaily@gmail.com
Facebook Twitter Instagram Pinterest
© 2026 All Rights Reserved. ASHENEWS Daily Designed & Managed By DeedsTech

Type above and press Enter to search. Press Esc to cancel.