Cardoso Launches Naira Ambassadors Club, Warns Currency Abuse Raises Costs for Economy

Central Bank of Nigeria Governor, Mr. Olayemi Cardoso, has introduced the Naira Ambassadors Club to combat currency abuse, highlighting that damaging or mistreating the currency raises economic costs. This initiative comes amid growing concerns over the frequent mutilation and improper handling of the Naira, which not only devalues the currency but also strains public resources. Cardoso's warning underscores the broader economic impact of such practices, emphasizing the need for greater public awareness and responsibility to safeguard the nation's financial stability.