- Stop Spraying, Mutilating the Naira – CBN Governor Warns Nigerians
- Stresses the need for citizens to respect the Naira as a national symbol
- Highlights recent reforms, including exchange rate unification, clearance of over $7 billion FX backlog
The Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso, has cautioned Nigerians against spraying, hawking, or mutilating the Naira, describing such actions as disrespect to the nation’s symbol of sovereignty.
Eko Hot Blog reports that Cardoso, represented by the Acting Director of Corporate Communications at the CBN, Mrs. Hakama Sidi Ali, issued the warning on Thursday during the CBN Fair in Kaduna.
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Themed “Driving Alternative Payment Channels as Tools for Financial Inclusion, Growth and Accelerated Economic Development,” the fair aimed to deepen public understanding of the apex bank’s policies and their role in stabilising the economy.
The CBN governor stressed that citizens must respect the Naira as a national symbol, urging Nigerians to desist from spraying or counterfeiting it.
“Do not spray, hawk, mutilate, or counterfeit the Naira. It is our critical national symbol,” he said.
Cardoso also highlighted recent reforms, including exchange rate unification, clearance of over $7 billion FX backlog, ongoing bank recapitalisation, and the introduction of Non-Resident BVN, all targeted at positioning Nigeria toward a $1 trillion economy.
Earlier, the CBN Controller of Kaduna Branch, Ahmad Dalhatu, noted that the Fair serves as a platform for financial literacy, transparency, and citizen engagement on economic policies.
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