Make new notes available to small depositors, unbanked Nigerians – Obi to CBN

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Lagos, Feb.5, 2023 – Peter Obi, the Presidential Candidate of the Labour Party, has advised the CBN and commercial banks to speed up efforts to make the new naira notes available to small depositors and unbanked Nigerians.

Obi, who gave the advice on Sunday, said that the apex bank should expedite its efforts to make the new notes available to all Nigerians before the cash swap deadline on February 10.  

 “We 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.

Obi, however, urged Nigerians to bear with the current pain and inconvenience occasioned by redesigning the naira, saying that the policy would bring long-term economic and social benefits.

 “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,” he said. (GBN)

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