The Presidential Candidate of the Labour Party, Peter Obi threw his weight behind currency redesign but said he would want the banks to expedite action towards reducing the pains and discomforts small depositors and the unbanked people were going through.
Obi, in a statement, on Sunday, said he shared in the pains of Nigerians.
He said that “the currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconveniences and pains but it has significant long-term economic and social benefits.”
Obi said that “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.”
He implored the Central Bank of Nigeria, 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”
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