• About
  • Advertise
  • Our Privacy Policy
  • Contact
Sunday, July 26, 2026
No Result
View All Result
  • Login
  • Register
MetrowatchXtra
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
  • WORLD
  • BUSINESS
  • POLITICS
  • HEALTH
  • SPORTS
  • OP-ED
  • ENTERTAINMENT
No Result
View All Result
MetrowatchXtra
No Result
View All Result
Home BUSINESS

Naira Scarcity: Be Patient with CBN, FG, Peter Obi Tells Nigerians

Ogochukwu Isioma by Ogochukwu Isioma
February 5, 2023
0 0
0
•Mr. Peter Obi

•Mr. Peter Obi

By Ogochukwu Isioma

 

Amid the scarcity of the newly redesigned naira notes, Mr. Peter Obi, Labour Party (LP) presidential candidate, has called on Nigerians to be patient with the authorities.

metrowatchxtra.com reports that the Central Bank recently embarked on redesigning of N200, N500 and N1,000 naira notes. The unavailability of the notes to Nigerians have caused untold hardship on the citizens, leading to protests.

Obi, who said redesigning of currency is not peculiar to Nigeria alone, said it was an exercise that comes with inconvenience and pain.

He, however, said such inconvenience and pain has significant long-term economic and social benefits.

READ ALSO  Tinubu Absent as Atiku, Obi Shine at NBA Event in Lagos

Taking to Twitter early Sunday morning, the former Anambra governor called on Nigerians to exercise patient with the Central Bank of Nigeria and the county’s government.

According to him, “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,” Obi tweeted.

Tags: CBNNaira ScarcityPeter Obi
Ogochukwu Isioma

Ogochukwu Isioma

Ogochukwu Isioma is a Master's degree holder in International Affairs and Diplomacy (with Distinction) from the Amadu Bello University, Zaria. With over half a decade-long active journalism practice, Ogochukwu is the Founder and Publisher of popular education-focused online medium, CAMPUS GIST, and currently writes for METROWATCH. He can be reached via ogochukwuisioma@gmail.com.

RELATED POST

CBN Scraps Deposit Limits, Increases Weekly Withdrawal Threshold
Latest News

CBN Fails to Publish Annual Financial Statements Since 2022

by Kemi Sheriepha
July 23, 2026
0

The Central Bank of Nigeria, CBN, has yet to publish its annual financial statements since 2022, despite statutory provisions requiring...

Read moreDetails
CBN Launches DocFlow, MDA Naira Payment Solutions

CBN Retains MPR at 26.5%

July 21, 2026
Peter Obi Visits Kwankwaso after Presidential Screening, Clearance

2027: We Have Written Agreement Obi Will Serve Only 4 Years, Says Kwankwaso

July 21, 2026
Peter Obi Encourages Nurses to Relocate Abroad if Things are not Working Out for them

Peter Obi Pay Solidarity Visit to Amaechi over Death of Mother

July 18, 2026
JUST IN: Nigeria’s Inflation Rate Drops for 6th Consecutive Time

Nigeria’s Inflation Records First Drop in 3 Months Ahead of CBN Interest Rate Decision

July 16, 2026
This is Where Our Democracy Has Reached, Peter Obi Speaks After Escaping Ass@ssination in Edo

2027: I’ll Quit Presidential Race if Kenneth Okonkwo’s Evidence Proves Me Unfit, Says Peter Obi

July 10, 2026
Load More

APO

Recent Posts

  • Benue Begins Investigation after Suspected Mpox Report
  • Ndume Backs Army Expansion, Calls for More Equipment, Better Welfare
  • LAWMA Assures Lagos Residents of Improved Waste Collection
  • IGP Never Directed Officers to ‘Shoot-at-Sight, Police PRO Clarifies
  • OPINION | Sierra-Leone : The Vindication of Former President Ernest Koroma, By Monday Phillips Ekpe

Recommended

Okowa’s Aide Says Delta is Most Solvent State in Nigeria

Okowa’s Aide Says Delta is Most Solvent State in Nigeria

4 years ago
Dangote

Dangote Advises Nigeria to Transit to Knowledge-Based Economy | METROWATCH

2 years ago
MetrowatchXtra

MetrowatchXtra is an online daily newspaper poised to act as a catalyst in our debate and desire for well-governed Nigeria and provide the much-needed platform for all, irrespective of social, religious or political divide, to express their views.
Metrowatchxtra Nigeria

  • About
  • Advertise
  • Our Privacy Policy
  • Contact

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Politics
  • World
  • Business
  • Science
  • Entertainment
  • Sports
  • Tech
  • Health

© 2026 Metrowatchxtra Nigeria Published by Miraculous Media Connect Limited. All rights reserved