Bear with the CBN and FG on currency redesign – Peter Obi urges Nigerians

The 2023 Labour Party Presidential Candidate, Peter Obi, has urged Nigerians to bear the CBN and Federal Government on currency redesign.

Peter Obi expressed optimism that the general populace and Nigeria will harvest the gains that come with the reforms.

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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 long-term economic and social benefits.”

Recall that the scarcity of naira notes has caused many long queues inside and outside the banks across the country where many Nigerians are lamenting the crisis.

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He, however, implored the CBN and banks to make the new currency available to small depositors and the unbanked.

“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,” he said.