Nigerians Show Off Their Own Designs Against CBN’s

Many Nigerians are upset with the newly redesigned naira

notes, which they are saying are a waste of resources

– According to them, the notes lack creativity and are too easy for

the time spent redesigning them

– Nigerians, however, showed off their designs towards the CBN’s,
leaving many announcing the financial institution should have consulted broadly
The newly redesigned naira notes have drawn loads of flacks and
derision from Nigerians, who took to social media to specific their
disappointment and disgust
The Central Bank of Nigeria (CBN) redesigned the N200, N500 and
N1000 to control the cash in stream because the bank said approximately 80
in line with cent of the foreign money is out of doors the banking machine.
Nigerians remodel notes for CBN Credit: Twitter
Nigerians criticize the new notes
The CBN announced on October 26, 2022, that it became redesigning the
naira notes.

The new notes which President Muhammadu Buhari unveiled in Abuja
on November 24, 2022, left many talking about their shortcomings.
Many said the new notes were only different by colour and lacked
creativity.
However, creative Nigerians have taken to social media to show the
apex bank what they wanted the naira to be. So, next time, CBN should
ask Nigerians to submit specimens to the bank to choose from a pool
of designs.
Nigerians show off their designs of the naira notes
One of the designs of the N500 notes shows bright and multi-coloured
notes, radiant and attractive against what many said was a waste of
colour, resources and time by the CBN.
Also, Nigerians compared the newly redesigned notes to the US $100
bills which have both new and old looks.
However, Nigerians are waiting for the CBN to release the amount
spent on redesigning the new notes.

The unveiling took place during the Federal Executive Council meeting
in the Federal Capital Territory, Abuja on Wednesday, November 23,
2022, in Abuja.
Godwin Emefiele, the governor of the Central Bank of Nigeria,
announced that Buhari would do unveiling and hinted at the possibility
of the new notes beginning circulation sooner than scheduled.