A financial inclusion\/wealth management expert, CEO of SD&D Capital Management Limited, Mr Idakolo Gabriel Gbolade, said the Naira crisis should not have reached an unbearable height before the government\u2019s intervention.<\/p>\n
Idakolo disclosed this on Monday as reactions continued to trail the Central Bank of Nigeria\u2019s approval validating the use of old N200, N500, and N1000 notes.<\/p>\n
The financial expert added that it is unthinkable for a democratically-elected government to watch its citizens suffer for months.<\/p>\n
According to him, a sensitive government would not allow its citizens to go through hardship without swift intervention.<\/p>\n
He explained that the scar of the crisis would be in Nigeria\u2019s economy for a long time.<\/p>\n
\u201cThe state of the economy is worsening and is compounded by the delayed intervention towards implementing the Supreme Court\u2019s ruling. The scarcity of new Naira notes won\u2019t have reached an unbearable height before the central bank of Nigeria, President Buhari\u2019s response\u201d, he stated.<\/p>\n
Recall that DAILY POST reported that CBN okayed the acceptance of old N500 and N1000 notes as legal tender till December 31 in obedience to the Supreme Court\u2019s March 3 ruling.<\/p>\n","protected":false},"excerpt":{"rendered":"
A financial inclusion\/wealth management expert, CEO of SD&D Capital Management Limited, Mr Idakolo Gabriel Gbolade, said the Naira crisis should not have reached an unbearable height before the government\u2019s intervention. Idakolo disclosed this on Monday as reactions continued to trail the Central Bank of Nigeria\u2019s approval validating the use of old N200, N500, and N1000 […]<\/p>\n","protected":false},"author":1,"featured_media":487986,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[2658,2197,3644],"class_list":["post-487963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-a","tag-cbn","tag-naira"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/487963","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=487963"}],"version-history":[{"count":0,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/posts\/487963\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=\/wp\/v2\/media\/487986"}],"wp:attachment":[{"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=487963"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=487963"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arewa.ng\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=487963"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}