The Presidential Candidate of the Labour Party in the forthcoming General election, Peter Obi has appealed to Nigerians to bear with the Central Bank of Nigeria (CBN) and Federal Government, following the hardship occasioned by the currency redesign policy.
Obi who stated this via his official twitter handle, expressed optimism that the policy would have long term economic and social benefits.
The former Anambra State Governor noted that the currency redesign policy was not peculiar to Nigeria, and that, although it came with some inconveniences and pains, the general populace and Nigeria would harvest the gains that would come with the reforms.
He however, implore the CBN and the banks to expedite efforts to make the new currency available to Nigerians, especially those at the rural areas so as to ameliorate the pains.
In his words, he said: “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”.