THE Labour Party’s presidential candidate, Peter Obi, has appealed with Nigerians to be patient with the Federal Government and the Central Bank of Nigeria (CBN) on the redesigned naira notes.
Nigerians have continued to endure a statewide shortage of the naira after the apex bank introduced the redesigned N200, N500, and N1,000 banknotes.
However, today, Obi urged Nigerians to be patient on his Twitter account and expressed his optimism that the people will benefit from the reforms.
He said that currency redesign is not unique to Nigeria and that, despite some short-term difficulties, the policy has long-term advantages.
“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,” he tweeted.
“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.”
