‘Kidnappers Are On Break, Bandits On Holiday’, Ngige Lauds Naira Redesign

The minister said the policy is a good one but admitted that its implementation has not been smooth.

The Minister of Labour and Employment, Chris Ngige on Channels Television’s Politics Today programme on Wednesday, March 29, 2023


The Minister of Labour and Employment, Chris Ngige, says the naira redesign policy of the Central Bank of Nigeria (CBN) achieved some “sound benefits” as it curbed insecurity and vote buying during the 2023 general elections.

The minister, who spoke on Wednesday during Channels Television’s Politics Today, however, admitted that the implementation of the policy was not smooth.

Ngige said, “The policy is not smooth in its implementation. I admitted that. But whether it is a good policy? Yes, it is a good policy.

“It wasn’t smooth; it came with some pain but overall, did we get some sound benefits from it? Yes, we did: people didn’t buy votes on the line (queue) during the elections.

“I used to go for elections and I know what I see. There was no cash exchange for votes. It wasn’t easy anymore. Kidnappers are on break, they are on strike so to say or recess. Bandits, they have also gone on holidays.”

On the shelved strike by the Nigeria Labour Congress (NLC), the minister said the apex bank has released cash into the society and that the pain experienced by Nigerians will ease off in the days to come.