The Central Bank of Nigeria (CBN) has directed commercial banks to start issuing the new naira notes to Nigerians at the counter.
Godwin Emefiele, the governor gave the latest order following outcries by Nigerians.
According to the governor of the CBN, Godwin Emefiele, the new directives were to relieve Nigerians from the challenges they are experiencing with getting access to the new notes, The Cable reported.
The apex bank governor maintained that the new directive would further reduce queues at the automated teller machines (ATMs) across the country. Emefiele in the statement assured Nigerians that the new note will be available for collection at the counter
Nigerians have been lamenting about the shortage of the new note but the apex bank disclosed that it is working with stakeholders to curtail the challenges.
Bashir Ahmad, the special assistant to President Muhammadu Buhari on digital communication took to his Twitter page to share the news and Nigerians took to the comment session to express their views on the new order.
A Twitter user with the handle @mattsalako706 said: “The CBN is confused about the policy they introduced. They have used it to cause hardship in the country. This is so sad!”
Another Nigerian identified as Yusuf said: “The implementation of this policy has turned out to be the most chaotic economic policy implementation in the history of this country. It’ll be grand naivety to suggest this wasn’t done with a sinister political aim.”
DaRock @ADDEY203 said: “CBN’s confusion is even confused”! Reversing itself every now and then… this smirks of hasty, not-well-thought-out decisions. Even this will not solve the issue.”
Foluso replied: “As usual, policy somersaults. The same man had a running battle with Kemi Adeosun while she was finance minister, and a lingering cold war btw him and the current minister.”
Mechi said:”Has directed? It should be implemented with immediate effect, not just me but the majority going through daily life struggle just not to be able to have access to their own cash again ..: not even to mention about the fuel scarcity, what a heck of a country. Terrible government.”
