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Obi asks Nigerians for patience over naira notes

The Presidential Candidate of the Labour Party (LP), Peter Obi has called on Nigerians to be patient with the Federal Government and the Central Bank of Nigeria over the new naira notes.

In a Twitter message to Nigerians, Mr Obi said he believes that the policy at the long run will bring “immense benefits” to the country and the citizenry.

He noted that the naira redesign policy of the federal government and the CBN was not limited to the country as other developed countries had done so in the recent past.

“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,” he tweeted.

“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.”

The Labour Party Presidential candidate also urged the CBN to “immediately make the new currency available” to Nigerians, particularly the unbanked and those in rural areas, in order to reduce their pains.

Writing by Oluwaseyi Ajibade; Editing by Abdullahi Lamino and Tony Okerafor