The presidential candidate of the Labour Party in the February 25 election, Mr. Peter Obi, has bared his mind on the currency redesign exercise embarked upon by the Federal Government and Central Bank of Nigeria.
According to the former governor of Anambra State whose aspiration has continued to garner massive support from the East, West, North and South, “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, 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.”
