Politics

Peter Obi finally speaks on Naira Cash Crunch, tells Nigerians what to do

Presidential candidate of the Labour Party (LP) Mr Peter Obi has appealed to banks to expedite action to reduce the pains and discomfort small depositors and the unbanked are currently going through.

In a statement issued on Sunday in Abuja by the Labour Party Presidential Campaign Council’s media team, Obi threw his weight behind the currency redesign, saying that the exercise has long-term economic benefits.

“Even though there are improvements that can be made, I urge Nigerians to bear with the CBN and the Federal Government with the hope that Nigeria will harvest the gains that will come with the reforms,’’ he said.

According to Obi, the currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconveniences and pains but it has significant long-term economic and social benefits.

Obi urged the CBN and banks to expedite action to make the new naira available to small depositors and the unbanked to reduce the pains Nigerians, particularly those in the rural areas, are going through.

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8 Comments

    1. You asked a clueless wondering person. He has no idea of what he was talking about, just an empty talking point!

      THE QUESTION IS DID HE JUST WAKE UP TO THE Naira CHANGE POLICY THAT HAS INFLICTED PAINS ANS SUFFERINGS ON Nigerian?

  1. This policy would help in the forthcoming elections in checking vote buying no doubt about that.
    But the scarcity of the new naira notes is causing so much hardship on the masses of Nigeria.
    The government could have devised a better means of checking those dubious politicians with such evil and selfish intentions.

  2. The follow-follow mentality.

    THE QUESTION IS DID HE JUST WAKE UP TO THE Naira CHANGE POLICY THAT HAS INFLICTED PAINS ANS SUFFERINGS ON Nigerian?

    1. Have you bought your one way ticket to take off when Mr. Obi wins the election; Micky mouse?,because it is going to happen.

  3. This is just another baloney from a Clueless individual who has no original thinking .He derives all his talking point by researching Google for baseless geopolitical issues unrelated and inappropriately to Nigeria

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