BREAKING: Peter Obi speaks on Naira scarcity
Mr Peter Obi, presidential candidate of the Labour Party in the forthcoming general election has opened up on the scarcity of Naira notes across the country.
Mr Obi okayed the Naira notes redesign policy of the Central Bank of Nigeria (CBN).
He called on Nigerians to be patient with the CBN and the federal government while urging the apex bank and commercial banks in the country to expedite efforts to make the notes available……………………..CONTINUE READING
“The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain but it has significant longterm economic and social benefits.
“Even though there are improvements that can be made, I urge Nigerians to bear with the CBN and Federal Government with the hope that the general populace and Nigeria will harvest the gains that will come with the reforms.
“We equally implore the CBN and the banks to expedite efforts to make the new currency available to small depositors and the unbanked in order to reduce the pains of my fellow Nigerians, especially the underprivileged and those living far away from banks in the rural areas,” Obi said.
