NAIRA NOTES ABUSE

The daily abuse of the Nigerian Naira has become worrisome, thereby necessitating urgent steps to be taken towards ensuring respect for the Nigerian National Currency.
In today's news analysis correspondent examines ways by which some Nigerians have abuse naira notes vis a vis measures to put in place to prevent the abuse of the naira.
Money as a legal tender, is a currency that is generally accepted as a medium of exchange or means of payment.
Apart from being a means of transacting business, the currency of a country is also a national symbol.
Nigeria as a country make use of the naira as her currency.
In the past, the Nigerian naira used to compete favourably with foreign currencies such as the U S Dollars, Euro, Pounds.
The Nigerian naira also in those days was highly valued and respected.
But today however, the story is different, as Nigerians themselves are the ones abusing the naira at events such as marriages, birthday parties, burial ceremonies, or even political gatherings by throwing naira notes in the air, as a way to show off or you honour a celebrant.
Money vendors now go to social events where they hawk the naira notes in different denominations openly for invitees or guests to buy and throw in the air or on the body of the celebrant.
This money being throw around in parties or events, are being trampled upon by dancers.
But this practice is not obtainable in developed countries, as one hardly see a Briton, an American or a French citizen debasing the U S Dollar, Euro and Pound the way Nigerians abuse the naira in public.
Furthermore, some Nigerian traders, transporters, and other Nigerians rough handle or squeeze naira notes when transacting businesses or even when giving offering in places of worship.
To address this ugly trend therefore, the Federal Government through the Central Bank of Nigeria CBN, should put measures in place to prevent the abuse of the naira.
Penalties should also be spelt out for those hawking naira notes at social events and for those throwing the naira in public places.
Nigerians must learn how to package their naira notes neatly in their wallets, pockets or purges.
Those Nigerians who are of the habit of throwing the naira notes in parties or events should refrain from it.
They should learn how to neatly package their naira notes in an envelop or present the naira notes by hand to the celebrant, thereby preventing the naira notes from being trampled upon by dancers.
Taxi drivers, traders and other Nigerians involved in one form of business or the other, should learn how to arrange their naira notes properly in their hands or pockets.
Bankers who are in the habit of selling naira notes to money vendors for them to hawk in public places, should stop it or be made to face the wrath of the law.
The State Assemblies and the National Assembly should rise up to the occasion by legislating against the abuse of the naira notes.
Local Government Chairmen, State Governors, and the Presidency should come up with policy statements that will help to criminalize the abuse of the naira.
Enough is enough to naira notes abuse in the country.
Be warned.