NewStats: 3,264,187 , 8,182,897 topics. Date: Tuesday, 10 June 2025 at 05:25 AM 6u2m4m

https://www.youtube.com/watch?v=kfqfwMrBsLg

The Chairman of the Economic and Financial Crimes Commission (EFCC), Abdulrasheed Bawa, has said the dollar might drop to ₦200 after the redeg of naira.

In an interview with the Hausa service of Deutsche Welle (DW), Bawa claimed that President Muhammadu Buhari did well to approve the change.

He said, “The law says the redeg of Naira notes should be done every eight years but we spent 20 years without any changes on them. And that resulted to 85 per cent of money are in circulation not in banks, when CBN came up with this redeg, dollar moved to 880 and later dropped to 680 or thereabouts.

“So you see with this redeg dollar may massively fall, who knows probably to ₦200.”

The EFCC chair also said there is no any political motive behind the idea and called on Nigerians to report any person with siphoned monies.

"As a result of this makeover, the value of the dollar may decrease dramatically, possibly to #200."

The head of the EFCC also stated that there is no political motivation behind the plan, and he urged Nigerians to report anyone with stolen funds.

https://dailytrust.com/naira-redesign-dollar-may-crash-to-n200-efcc-chairman

The fact that a platform was given to a security expert to discuss economics is beyond my comprehension. If wishes were horses, the CBN governor will be the first to hop on �

Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

If e happen, then I will vote for APC. But I know this statement is from Tinubu's camp, another deception from one of his front-runners.

Wetin concern security person and economics kwanu ?. He should do his work and leave the rest for the other people too

Nigeria will frustrate you
Wahala for those that bought dollars

Just by mere currency redesign?

Moronss in every sector of Nigeria's MDAs.

Voodoo economists.

... Past future tense

Can urchins come and explain this one as usual please?

Am following

ok

Economics theory of quota system. Lets wait to get the prove

Nemo Dat Quod Non Habet- You can't give what you don't have.

As much as news like this strengthens the hope of resurrecting our economy, it's almost impossible! Naira can't appreciate on the premise of wishful thinking but purely productivity increase.

Even if it rises to #1 due to some other interpplaying factors, it will go back to where it's meant.

Embrace massive local production and processing for export

I prayed it's possible.

Dollar don dey climb again

Lol lies

Weirdcamila the country Sabi frustrate person

That's not how it works sir.

hapsattaddawus:
Dollar crash, has nothing, absolutely nothing to do with naira redesign.
It has to do with the US policy to check the stock pile of dollars in Africa. Especially Nigeria and South Africa
Stop deceiving yourself.

See this foolish one
Even Americans couldn't check stock piles of El chapo, its next door naigbour

God abeg oo

yesterday i saw bundles of fresh 1000k notes..

help the naira

Make e crash

Sharap.....are you are the minister of Finance?

They all have been saying this just to prove a stupid point that Buhari has done something good. If It is so why didn't he do so since, till he left Nigerians to wallow in severe poverty.
The same thing senseless Buharists have been saying.
What is the correlation between a currency's design and it's purchasing power?
Abi no be simple Micro-Economics be that....

You u should be in Kuje prisons now.
According to court.

My brother is your country that productive that will to bring about the reduction of the Dollar

Some Nigerians will not like this kind of thing, it will deny them the leverage they've been having over the FG and their fellow citizens.
I pray this comes to reality other than a wish or prediction

Just look at the kind of brains we have at the helm of affairs in this country.

We joke too much in thie country. How can a currency redesign affects its value