Amid the scarcity of the newly redesigned naira notes, Mr. Peter Obi, Labour Party (LP) presidential candidate, has called on Nigerians to be patient with the authorities.
yanstv.ng reports that the Central Bank recently embarked on redesigning of N200, N500 and N1,000 naira notes. The unavailability of the notes to Nigerians have caused untold hardship on the citizens, leading to protests.
Obi, who said redesigning of currency is not peculiar to Nigeria alone, said it was an exercise that comes with inconvenience and pain.
He, however, said such inconvenience and pain has significant long-term economic and social benefits.
Taking to Twitter early Sunday morning, the former Anambra governor called on Nigerians to exercise patient with the Central Bank of Nigeria and the county’s government.
According to him, “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 tweeted.
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,
— Peter Obi (@PeterObi) February 5, 2023
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