Nigerians have been battling with the scarcity of new naira notes— a development that has led to queues at banking halls, and automated teller machine (ATM) points.
There have been protests in some parts of the country due to the scarcity of new naira notes. On February 8, the supreme court temporarily restrained the federal government from banning the use of the old naira notes from February 10, 2023, pending the hearing of the matter on February 15.
Despite the court’s order, Emefiele insisted on the deadline. The stance of the CBN governor has triggered confusion as filling stations, supermarkets, and other business owners have continued to reject the old naira notes.
Still, President Muhammadu Buhari is “unwilling” to call Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), to order concerning the naira redesign policy.
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#YourViewTVC | March 13TH, 2023
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