The Federal Government has acknowledge that accompanying hardship the new naira policy has brought on Nigerian but described it as necessary ‘pain’ to tackle endemic corruption and grow the nation’s economy.
The comment was made by the Minister of Finance, Budget, and National Planning Zainab Ahmed on Thursday during the weekly ministerial briefing at the State House in Abuja.
Ahmed noted that the federal government is worried about the hardship but said the situation is avoidable if the nation’s economy is to get any better.
According to her, the harsh realities citizens are facing over the swap are temporary and a necessary price to pay for the nation’s economy to burgeon.
The finance minister added that the new policy is timely and required to curb corruption, adding that there have been positive sides to the policy, evident in the huge mop-up of idle funds.
