Chris Ngige, Minister of Labour and Employment has said the naira redesign policy of the Central Bank of Nigeria (CBN) achieved some goals as it reduced insecurity and vote buying during the just concluded presidential and gubernatorial elections.
Ngige, who was a guest on Channels Television Wednesday programme, Politics Today, revealed that the implementation of the policy was not smooth.
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Ngige said, “The policy is not smooth in its implementation. I admitted that. But whether it is a good policy? Yes, it is a good policy.
“It wasn’t smooth; it came with some pain but overall, did we get some sound benefits from it? Yes, we did: people didn’t buy votes on the line (queue) during the elections.
“I used to go for elections and I know what I see. There was no cash exchange for votes. It wasn’t easy anymore. Kidnappers are on break, they are strike so to say or recess. Bandits, they have also gone on holidays.”
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On the shelved strike by the Nigeria Labour Congress (NLC), the minister said the apex bank has released cash into the society and that the pain experienced by Nigerians will ease off in the days to come.
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