The Labour Party’s presidential candidate, Peter Obi, has urged Nigerians to bear with the Central Bank of Nigeria (CBN) amid the ongoing Naira note scarcity.
Taking to the microblogging platform, Twitter, Peter Obi stated that currency redesign always includes substantial systemic alterations, but the long-term advantages are well worth it.
He also asked the CBN and the Federal Government of Nigeria to make concerted efforts to alleviate the suffering of her citizens.
“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 – PO.”
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