Money Spent On Redesigning Naira Should Have Been Given To ASUU – Sowore

Omoyele Sowore, the presidential candidate of the African Action Congress (AAC), criticized the redesign of the naira on Wednesday, saying the Federal Government should have provided the funding for the redesigned notes to the Academic Staff Union of Universities (ASUU).

Sowore stated during an interview on Channels Television’s Politics Today that the Central Bank of Nigeria (CBN) spent N218 billion to redesign the currency. He contended that the fund should be distributed to disgruntled university lecturers.

The presidency hopeful criticized Nigerian officials for putting just their concern for the redesign of the naira before the wellbeing of Nigerians.

“These are issues you get from leaders who are concerned about the welfare of the people of the country, not the redesign of the naira which cost us N218 billion. We should have given that money to ASUU,” he said.

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He claims that the intervention fund will aid in both the prevention of strikes and the improvement of the country’s tertiary education system.

On Wednesday, at the Federal Executive Council (FEC) meeting in Abuja, President Muhammadu Buhari revealed the revised N200, N500, and N1000 notes.

The National Industrial Court’s directive for the lecturers to resume work caused ASUU to suspend its eight-month strike on October 14.

The Federal Government gave the varsity teachers their October half-salaries when returned to the classroom. The development did not bode well for the academics who began a one-day statewide protest last Monday over the part-payment.

However, the Federal Government has since defended the payment made to ASUU members in October, contending that no one can be compensated for work that has not been completed. Newsbreak