Naira Scarcity: More Pressure on Emefiele
Finance News

Naira Scarcity: More Pressure on Emefiele

A Popular Yoruba Monarch lambasted CBN boss, Godwin Emefiele on Thursday, February as Oba Abdulrosheed Adewale Akanbi, the Oluwo of Iwoland in Osun state has joined critics to lambast him.Information Guide Nigeria

Oba Abdulrosheed said the decision of the CBN to implement the new naira note policy was a punishment to the masses.

The renowned monarch made this remark on Wednesday, February 1 via a statement on his official Facebook page.

According to Legit.ng, He added that the current scarcity of the naira will affect INEC’s logistics if not well managed.NYSC portal

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According to Legit.ng, he monarch said: “The new naira regime has inflicted much hardship on Nigerians. It has grounded the country’s economic activities. It’s worsening every day. As a father with voice, I must speak out.

Oluwo further stated: “The CBN governor, Godwin Emefiele owes Nigerians apology for inducing such a hardship. I’m yet to be convinced on the introduction of new naira note without proper measure to provide adequate/enough inflow of new notes in circulation. It’s gross gross insensitivity to human feelings.”JAMB Result

He called on related stakeholders to brainstorm and further review the policy to ease the tension in the country.

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Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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