The Centre for the Promotion of Private Enterprise has called on President Muhammadu Buhari to immediately intervene to put an end to the hardship caused by the currency redesign policy of the Central Bank of Nigeria (CBN).In a statement signed yesterday by the Director of Centre for the Promotion of Private Enterprise, Muda Yusuf, the cash scarcity has not only crippled economic activities in the country but has now become a major risk to the livelihoods of Nigerians.He explained that millions of citizens have slipped into penury and destitution as a result of the disruptions caused by the currency redesign policy, especially the mopping up of over seventy per cent of cash in the economy.Curiously, the Centre for the Promotion of Private Enterprise argued that there is an apparent reluctance or unwillingness by the federal government and the CBN to comply with the Supreme Court judgment. Mr Yusuf said Mr Buhari did not seem to appreciate the gravity and enormity of the suffering and pain that Nigerians have been experiencing since the currency redesign policy was introduced.
