The Central Bank of Nigeria has embarked on a nationwide campaign to curb the misuse and hoarding of the Naira, particularly as the holiday season approaches. Speaking at the launch in Abuja, the Deputy Governor of Operations, represented by the Director of Currency Operations and Branch Management, emphasized the need for a collective effort to protect the nation’s currency.
The campaign, themed “Naira Our Pride: Handle with Care,” aims to raise awareness about the importance of treating the Naira with respect. This includes avoiding practices such as spraying the currency at social gatherings, folding, tearing, or writing on it. Such actions, according to the bank, not only undermine the dignity of the national symbol but also increase the cost of printing and replacing damaged notes.
The Naira is a symbol of national pride, sovereignty, and shared identity, and its integrity must be preserved. The Central Bank of Nigeria is calling on all stakeholders, including banks, transport unions, traders, and civil society organizations, to join the campaign and promote responsible handling of the currency. Banks are expected to educate customers on the proper use of the Naira, while market operators and transport unions should discourage the rejection and abuse of Naira notes.
The Central Bank of Nigeria remains committed to ensuring the availability of clean and usable notes, in line with its Clean Note Policy. The bank’s Acting Director of Corporate Communications urged Nigerians to respect the Naira, describing it as a critical symbol of national identity. By promoting a culture of respect for the Naira, Nigerians can help maintain the integrity of the currency and contribute to the country’s economic stability.
As the holiday season approaches, the campaign’s focus on preventing hoarding and misuse of the Naira is particularly relevant. The Central Bank of Nigeria’s efforts aim to ensure that the currency remains a reliable and efficient means of payment, and that its value is preserved. The success of the campaign will depend on the collective efforts of all stakeholders, and its outcome will have significant implications for the country’s economic development.
