HomePoliticsNEWSNew naira: Peter Obi Begs Nigerians To Bear With CBN

New naira: Peter Obi Begs Nigerians To Bear With CBN

The presidential candidate of the Labour Party, Peter Obi, on Sunday morning, pleaded with Nigerians to bear with the Central Bank of Nigeria and the Federal Government over the scarcity of the redesigned naira notes and the biting challenges experienced across the country.

Taking to his Twitter handle, Obi said currency redesigning was not peculiar to Nigeria, saying that the inconveniences experienced now would yield long-term economic benefits, adding however that improvements could have been made in the implementation.

The LP candidate and former Anambra State governor further urged the CBN and commercial banks to increase efforts to make the new naira available to Nigerians.

Obi said, “The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain but it has significant long-term 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.”





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Mary Ama
Mary Ama
A passionate writer with the sauce. I do that to get you entertained without a 404 page.

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