• Urges Nigerians to bear with CBN, banks to make new notes available

Labour Party Presidential candidate and former governor of Anambra State, Mr. Peter Obi, has urged Nigerians to bear with the Central Bank of Nigeria and the Federal Government in the Naira redesigning programme, saying it is not peculiar to the country.

Obi, in a message, said despite the fact that currency redesign comes with some inconveniences, it has long-term benefits.
He urged the CBN and banks to do everything possible to make the new notes available.
Obi’s statement said: “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.”