The National Association of Chambers of Commerce, Industry, and Agriculture (NACCIMA) has thrown its support to the ongoing Naira notes redesigning exercise, saying it would curb crime.
NACCIMA President, Ide John Udeagbala disclosed this at the annual workshop|awards organized by the Commerce and Industry Correspondents Association of Nigeria (CICAN) on Thursday.
Recall that the Governor, of the Central Bank of Nigeria, Godwin Emefiele, recently announced that the bank would release re-designed naira notes by December 15, 2022.
In his remark, the NACCIMA boss said, “we are in support of redesigning of naira notes because it’s long overdue. This will help our economy and also reduce crime. Though the time is short, the security and the presidency know the reason”.
According to Udeagbala, The redesigning of the Naira notes would help the banks to retrieve about 2 trillion that is outside the banking system. Also, banks will be able to give loans to businesses.
Meanwhile, the NACCIMA boss also reacted on why semi-skilled labour can improve the Nigerian economy.
” We must go back to the drawing board and ensure our vocational schools work because it is important. Government must come up with a curriculum for vocational schools.
“Government is behaving as if Tertiary Education Trust Fund (TETFUND) is for universities alone. Part of this money should be used to establish training centers”, he said.