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New Notes Crunch: Bear With FG, CBN- Obi Urges Nigerians

by Present Nigeria
February 6, 2023
in News
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The presidential candidate of the Labour Party, Mr Peter Obi, has urged Nigerians to bear with the Federal Government and the Central Bank of Nigeria (CBN) over the redesigned naira notes crises.

Obi on his twitter handle on Sunday, called for patience while expressing the hope that the masses will harvest the gains that will come with the reforms soon.

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He stated that currency redesign is not peculiar to Nigeria, adding that the policy comes with some pains but has benefits in the long-term.

Obi tweeted;

“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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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
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