Inflation & The Nigerian Redesign Naira Policy

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@iskawrites: I remember when we had the naira redesign. The government will say one thing and the bank will do their minds. It was crazy and incompetent was screaming at us and we kept paying attention to mundane things. I agree that government needs to employe competent people in the public sector and then the private sector should to work hand in hand with the government to bring the change I am not seeing that happening because greed and the need to make profit won't allow those two parties to work together.

@takhar: Something similar happened here are few years ago. A new government was instated and the president redesign the money removing the face of the former president and putting his face there. This politicians can be very petty at times. During the process the money diluted even more and there are constant reports that the central bank is tinkering more with the monetary policies and supply.

@dwayne16: We have so many incompetent people in almost every sector in Nigeria both private and public sectors are always making terrible decisions. Sometimes I don’t want to think about Nigeria it scares me

@zaibkang: Not only Nigeria mostly African countries are struggling economically, what is behind this how is that possible all countries are going through same condition, it's not happing in any other rigion , we don't even see a single country in Africa which we can say is a develop country

@princessbusayo: You see these three things: greed, incompetence, and exploitation are what is causing this havoc in our country. The government because of greed and lack of competency cannot enforce a law they brought and before you know it, things get disorganized, making it look as if they cannot make a good decision which could better many things for everyone. In the end, we are the ones to suffer for it. How does one even tackle or stop corruption? I bet, there is no solution to it now because things will keep escalating and the issue of currency and inflation cannot be resolved any time soon.

@rafzat: The recession is in every part of the world but the corruption is really making the recession to drain us here...

@balikis95: Nigeria and the worries attached. Governments and banks did us so well during the naira design palava. And you are right, corruption is at the root and it has bitten us so badly.

@sanach: Rightly said, government policies should make an strong environmental behavior about being best polices.