Our Reporter, Abuja
The Presidential Candidate of the Labour Party, LP, Mr Peter Obi, has said that currency redesigning is not peculiar with Nigeria.
In a series of tweets via his verified Twitter account on Sunday, the presidential hopeful said that there are long-term economic benefits that come with the new naira notes as redesigned by the Central Bank of Nigeria, CBN.
While Obi acknowledged that the CBN could improve on the exercise, he acknowledged that it comes with its own inconveniences and pains. He therefore implored on the people to bear with apex bank and the Federal Government.
“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 – PO.”
Recall that the presidential candidate of the ruling All Progressives Congress, APC, Asiwaju Bola Ahmed Tinubu, has been castigating the Federal Government in his campaigns over the introduction of the CBN cashless policy, which comes with the currency redesigning.