Peter Obi Speaks On Naira Re-design, Tells Nigerians What To Do

Peter Obi, the presidential candidate for the Labour Party (LP), has shared his thoughts on the Central Bank of Nigeria’s (CBN) redesign of the naira.

In a statement he released on Sunday, Obi acknowledged that such policies can cause inconvenience and discomfort, but emphasized that this is not unique to Nigeria.

He suggested that there could be ways to improve the implementation of the policy and encouraged Nigerians to focus on its long-term benefits.

Furthermore, he urged the CBN and commercial banks to increase their efforts in making the new naira notes more accessible, particularly for rural communities, in order to alleviate the difficulties being faced by the people.”

Mr. Peter Obi wrote: “The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain but it has significant longterm 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”