Former Minister of National Planning, Idika Kalu, has blamed the logistics of the Central Bank of Nigeria (CBN) for the crisis that has followed the use of the old and new Naira notes.
Speaking on Channels Television on Friday night, monitored by POLITICS NIGERIA, Kalu noted that the new naira scarcity was a result of a huge logistic mistake.
“It is obvious that what we are dealing with is huge logistic mistakes that have been made,” Kalu said, adding that “the CBN ought to have done its preliminary assessment of how long and what it would take to ensure the efficient distribution of the new notes”
He continued: “You have to assess the timing, which is predicated on how long it will take to do the exercise that you want to do.
“So, that is where it is really up to the central bank and its advisers to come up to the government to say, you have agreed we will do this.
“This is how much time we need, every aspect of it, procuring the papers for printing, whether it is imported or locally made, the printing process itself, the logistics of identifying the various constituencies, the banks, the communities, the rural areas and all segments of this country.
“The people are not interested in all these details but you have to take into account how you are going to deliver. Is it by air, road, train or a combination of all that?”
