Cash Crunch: 'Bear with CBN', Peter Obi urges Nigerians


Labour Party presidential candidate Peter Obi

Peter Obi, the Labour Party presidential candidate, has urged Nigerians to ‘bear with the Central Bank of Nigeria (CBN)’ over the ongoing cash crunch in the country.

He stated this in a series of tweets he personally signed on Sunday on his verified Twitter page.

According to the former governor of Anambra state, currency redesign, which caused the scarcity of Naira, is not new to Nigeria and its citizens.

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His tweet reads; “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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