Nigerians have shown their disappointment at the new naira notes unveiled by President Muhammadu Buhari today.
The feedback from all social media platforms shows that many people are not happy as the new banknotes fell below their expectations.
According to the critics, they were particular about the colors as it does not give the ‘redesigned’ feel. According to them, the notes look like they were printed with Snapchat filters.
New Naira Notes Equals Poor Quality
To further show their displeasure about the new naira notes, they described them as poor quality. They attributed the poor designs as proof of the naira’s depreciation.
Some went as far as questioning the relevance of the redesign considering how much has been spent on the ‘big’ project.
Furthermore, it is revealed that a sum of over N50 billion was spent on the redesign.
What Twitter Users are Saying
A Twitter user by the name of Seun Bamidele said the banknotes photoshop and questioned how much was spent for such a shabby job.
“By the way, how much was spent on this supposed Naira redesign? Let’s ask questions! Because this is a photoshop exposure, contrast and warmth editing and export that takes less than a minute!”
Equally, another Twitter user named Olaudah Equiano berated the color of the new naira notes. He said:
“What is the purpose of this change of color of our currency? What does it set out to achieve? As a student of economics, I have pondered over this with no avail. Are there any expert views on this? Is it an economic or political decision or both? What is the new Naira all about?”
Lastly, speaking on the color, a Twitter named Sir P called the newly redesigned banknotes the worst he has ever seen in Nigerian currency. He said;
“This is the worst design ever in the history of Nigerian currency… How can you change the bright colors to dull ones? All my thought was that the notes will be redesigned entirely not knowing that we are going to see color changes.”
In addition to the “unacceptable” redesigned naira notes, the rate of inflation has also increased. Besides, the whole essence of the redesign is to make sure the inflation rate is reduced.
What’s more, Nigerians have expressed their displeasure about the whole result. The government thought they were trying to “find a solution”, but on the contrary have made matters worse. Yet, circulation begins soon.
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