Advertisement

The presidential candidate of the Labour Party, Peter Obi, has appealed to Nigerians to be patient with the Central Bank of Nigeria, CBN and Federal Government over the redesigned N200, N500 and N1,000 naira notes saying the policy would bring significant long-term economic and social benefits if it is sustained.

Obi in his tweet on Sunday morning said he urges 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. 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.”

Advertisement

Obi further advised CBN and commercial 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 ”

(Arise News)

Disclaimer

Contents provided and/or opinions expressed here do not reflect the opinions of The Pacesetter Frontier Magazine or any employee thereof.

Advertisement

Support The Pacesetter Frontier Magazine

It takes a lot to get credible, true and reliable stories.

As a privately owned media outfit, we believe in setting the pace and leaving strides in time.

If you like what we do, you can donate a token to us here. Your support will ensure that the right news is put out there at all times, reaching an unlimited number of persons at no cost to them.

Donate!

Advertisement