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.”
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 ”