Bear With CBN, New Naira Policy Will Yield Positive Results – Obi Tells Nigerians

Presidential candidate of the Labour Party, Peter Obi, has urged Nigerians to bear with the Central Bank of Nigeria (CBN) as regards its recent redesign of the nation’s currency.

Information Nigeria understands that untold hardship has been the order of the day for the Nigerian public, owing to the CBN’s redesign and scarcity of naira notes

The unbearable situation had also led to protests in different parts of the country, as some commercial banks refused to make the new notes available to the public.

President Muhammadu Buhari had also shared his thoughts about the policy and assured Nigerians of definitive intervention within seven days.

The former Anambra State governor commenting on the development on Sunday via Twitter, said the policy would come with some economic and social benefits for Nigerians.

He urged the apex bank to make the new notes available to the teeming public, especially those in the rural areas.

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 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.”

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