New Naira Crisis: Peter Obi Appeals To Nigerians To Bear With CBN
The presidential candidate of the Labour Party, Peter Obi, has 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 on Sunday, Obi said currency redesigning was not peculiar to Nigeria, said that “the exercise comes with some inconvenience and pain but it has significant long-term economic and social benefits”.
Obi added that improvements could have been made in the implementation.
He however asked 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 on Nigerians especially the underprivileged and those living far away from banks in the rural areas.
“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.
