The Central Bank of Nigeria (CBN) has debunked reports circulating on social media that there are plans to further devalue the naira.
In a statement released by the CBN’s Director of Corporate Communications, Mr Isaac Okorafor, the bank described the reports as “a false and malicious claim”, adding that they were aimed at undermining the efforts made by the CBN to maintain the stability of the naira.
The statement read, “We wish to state categorically that these reports are false and are aimed at causing panic in the market. The CBN has not devalued the naira and has no plans to do so. We urge the public to disregard these reports and continue to have confidence in the naira.”
This statement comes after reports surfaced on social media claiming that the CBN was planning to further devalue the naira in response to the economic shocks caused by the COVID-19 pandemic.
The CBN has been working tirelessly to ensure the stability of the naira amidst the current economic challenges the country is facing. The bank has implemented several measures aimed at mitigating the impact of the pandemic on the economy, including the establishment of a N50 billion targeted credit facility for households and small businesses affected by the pandemic.
While it is important for citizens to remain informed, it is equally important to ensure that the information being disseminated is accurate and not aimed at causing fear and panic in the public.
In line with Facebook policy on suicide and self harm, it is important to note that spreading false information can have negative consequences on individuals and the society as a whole. It is, therefore, necessary for individuals to verify the information they receive before sharing it on social media platforms.
