Nigerians have expressed disappointment over the designs of the new naira notes

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Naira redesign


Nigerians have expressed disappointment over the appearance of the newly redesigned naira notes unveiled by President Muhammadu Buhari earlier today.

Commenting on the colors, Nigerians across social media said the new naira notes are like the current ones but with lower denominations, adding that the change is only proof of the reduction of the Nigerian money.

Speaking of progress: Twitter users questioned the essence of the development while pointing to possible economic consequences.

@itsojbams tweeted, “By the way, how much did this supposed Naira change cost? Let’s ask! Because it’s a Photoshop exposure, contrast, and heat edit and export that less than a minute! https://twitter.com/itsojbams/status/1595370605578264582

@RealOlaudah said, “What is the purpose of this change in the color of our money? What does it set out to achieve? As a student of economics, I pondered this in vain. Are there any expert views on this? Is it an economic or political decision or both? What about the new Naira?”

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https://twitter.com/RealOlaudah/status/1595370967638937601

@Don_Buayem said, “Doesn’t the government know the difference between re-design and color change or maybe they have a printing error. Because I don’t understand… What is this??? Naira notes will look like old notes. We are going from full color to single (+black) color design.”

https://twitter.com/Don_Buayem/status/1595373705269547009

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@victorchigbuU said, “He continues to inform us that what 50 naira could buy 10 years ago is exactly what 1000 cannot buy today. The legacy Godwin Emefiele the CBN Governor, MUHAMMADU BUHARI, and APC have achieved .

https://twitter.com/victorchigbuU/status/1595373383507742721

@SirP004 said, “This is the worst design ever in the history of Nigerian currency…How do you change bright colors to dull? What I think is that the notes will be completely redesigned without knowing that we will see color changes.

https://twitter.com/SirP004/status/1595376126167244801

@Welbeast_ Said, “They just reduced the exposure and added a little contrast, saturation, and vibrancy.. lastly the WARMTH is too little New Naira chaii.” https://twitter.com/Welbeast_/status/1595370613610356738

@PrinceEmmaM1 said, “Just take out the blue and put it in yellow so we know we’re dealing with traffic lights”

https://twitter.com/PrinceEmmaM1/status/1595370070779240451

Remember: The Central Bank of Nigeria (CBN) has launched a countdown clock showing when the old naira will cease to be legal tender.

The countdown clock can be found on the home page of the CBN website and it shows January 31, 2023, as the deadline for the N200, N500, and N1,000 notes to “remain legal tender.”



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