CBN urges students to protect naira and launches ambassadors club
The Central Bank of Nigeria has raised concerns about the increasing abuse and mishandling of the naira. Olayemi Cardoso, the CBN Governor, emphasized the importance of treating the currency with respect to reduce replacement costs and maintain its integrity. The bank has launched the Naira Ambassadors Club to educate students on proper currency handling. Emem Usoro and Adetona Adedeji also highlighted the need for education and youth involvement in promoting respect for the naira.
TLDR
- Olayemi Cardoso warned that defacing and mutilating naira notes increases currency management costs and shortens their lifespan.
- The Naira Ambassadors Club was launched to teach students about the value of money and the importance of protecting Nigeria’s currency.
- Emem Usoro stressed that education and awareness, not just enforcement, are key to changing attitudes toward currency handling.
- The initiative aims to build a network of young advocates who will promote respect for the naira in their communities.
- Adetona Adedeji described the programme as a significant step towards safeguarding the value and integrity of the naira.
