New Naira Notes: CBN issues fresh order to banks

The Central Bank of Nigeria (CBN) has directed commercial banks to start issuing new naira notes at the counter.

According to the governor of CBN, Godwin Emefiele, the instruction was ignited by the outcry of Nigerians over the difficulty in getting the new naira notes.

Thus, the new order became necessary as a way of relieving Nigerians from the challenges they are currently experiencing with getting access to the new notes.

He added that this will result in reduced queues at ATMs across the country.

He also assured Nigerians that the new notes will be available for collection at the counter.

This is coming a few days Nigerians lamented and protested about the shortage of the new notes.

Reacting to this, @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!”

@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.”

@ADDEY203 commented: “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.”