•••Says Policy Has Bigger Socio-Economic Advantages
•••Charges Banks to Reduce Pain
The Presidential Candidate of the Labour Party, Peter Obi has thrown his weight behind currency redesign but wants the banks to expedite action to reduce the pains and discomforts small depositors and the unbanked going through.
Obi in a post on his official Twitter handle handle stated that the redesign is not peculiar to Nigeria.
The LP Candidate said that while the policy comes with some sufferings, it has long term socio-economic benefits.
Obi urged Nigerians to bear with the Central Bank of Nigeria and the Federal Government so that Nigerians can benefit from the objectives of the policy.
“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.”
