I have been surviving on N20,000 for one week – Femi Adesina
Femi Adesina, the Special Adviser Media and Publicity to President Muhammdu Buhari, has said that the Naira scarcity made him survive on N20,000 in one week.
Adesina, in an article titled Living on shoestring budget, explained how he has been surviving despite the new naira scarcity affecting the country due to the CBNs currency redesign.
He began in the article: We left Abuja on January 23, on a journey that would take us to Bauchi, Lagos, Senegal, Katsina, Kano, and Jigawa States. Return date was January 31, in the evening hours.
Since January 31 was then the terminal date for key denominations of the naira to be legal tender, I didnt want to be like the unwise cripple, who had been told that war was approaching, but who stayed put in the same spot. So I parked everything I had, every dime, and sent it to the bank. I didnt want my modest funds to become something fit only for the museum.
However, after depositing his old notes in the bank, he, like other Nigerians, encountered difficulties in getting access to the new notes.
He wrote: The Central Bank of Nigeria later secured a ten days extension of the deadline from President Muhammadu Buhari, which has now been further extended by a Supreme Court ruling. But it has not changed the fact that Ive been spending the sum of N20,000 for one week, and I?m still spending it. Shoestring budget Yes, you are right. Thats what it is.