Nigeria has been facing a currency crisis for several years now. The country’s currency, the Naira, has been steadily losing value against major foreign currencies like the US dollar, Euro, and British pound. The following are some of the factors that have contributed to the currency crisis in Nigeria: Nigeria is a major oil-producing country, and the economy heavily relies on oil exports for revenue. The fall in oil prices in recent years has led to a significant reduction in foreign exchange earnings, thereby putting pressure on the Naira. Nigeria has been experiencing high inflation rates for several years. This has eroded the value of the Naira and made it more expensive to import goods and services. Nigeria’s economy has been characterized by low productivity, weak infrastructure, and poor business environment. This has led to a lack of investor confidence, which in turn has contributed to a weak Naira. The Nigerian government has put in place several foreign exchange restrictions in an attempt to conserve foreign exchange reserves. However, these restrictions have led to a scarcity of foreign exchange and have further weakened the Naira. The currency crisis in Nigeria has had several negative impacts on the economy, including rising inflation, high unemployment, and low economic growth. The government has taken several measures to address the crisis, including devaluing the Naira and introducing foreign exchange policies aimed at stabilizing the currency. However, more needs to be done to address the root causes of the crisis and put the economy on a sustainable growth path. In the light of these we decided on a Naira redesign. A currency swap naturally followed it, in the Nigerian context. The fact of the matter was, there was no campaign to enlighten the masses. There was no form of advocacy, the ordinary man on the streets did not know what to expect, did not understand the entire process. The last time Nigerians experienced this was in the 1980s. Why the naira design, we still don’t have a grasp. A nation with no sense of emergency, maybe that’s why we don’t have any natural disasters, albeit self-inflicted floods that can and should be avoided. We are not bothered about the crisis, the Central Bank of Nigeria chief went ahead with his mandatory role of redesigning the Naira notes; he did not tell the minister for finance, the ministry was left in the loop, and those in economic and national planning were not aware. The National Assembly was as usual not beyond an assembly. We then started the blame game. The apex bank chief feeling like James Bond and others went on the defence. We were told that it was targeted at politicians who wanted to buy votes for the upcoming (now concluded) elections. The politicians played their roles, went to court. Governors threatened banks, banks punished citizens. And one ponders, if indeed we are 200 million Nigerians why should we bear the brunt of the thievery of barely one percent? In the interim, banks were torched in parts of the country; yet no one was held liable, while other parts just moved on painfully. The old notes disappeared and the new notes were nowhere to be found. If Venezuela was picturesque, Nigeria is the reality; Nigerians were buying naira with naira and all the authorities did was at best rant and dramatize. The apex bank said they had destroyed the old notes; they said the new notes were not enough or being printed. Who is printing and why was the printing not done first? Why reduce the old notes and not make available the new notes. Meanwhile, the damage done to small businesses is unquantifiable; Nigerians have painfully learned the difference between cash at hand and cash at bank. Public confidence in our naira is at an all-time low. We are supposed to have witnessed a reduction in transaction costs for businesses that handle cash transactions. But it has rather tripled costs.