Panic withdrawal causes scarcity of Naira in Nigeria

A Community leader has attributed the scarcity of money in the country to panic withdrawal engaged by Nigerians.Information Guide Nigeria

A former Chairman of Ohanaeze Ndigbo in Anambra, Chief Chris Eluemunoh has called on the people of the community to stop panic withdrawal.

In an interview with the News Agency of Nigeria (NAN) in Awka on Thursday, Eluemunoh said that such hoarding of money has caused scarcity of money and hardship to the public due to poor circulation.

He revealed that some persons keep their funds for future use without putting it into business for immediate circulation in the country.

Other Top Stories:

• Active mobile lines subscriptions hit 222m – NCC
• WhatsApp, USSD to be used for tax payment – KADIRS
• BREAKING: Atiku In Kano, Commissions Arabic School
• Despite Supreme Court ruling, CBN rolls out tattered N50 notes

THE GUARDIAN reports that Eluemunoh said, “People should be able to trust their government and follow closely its policies to be able to ask quality questions and be able to proffer lasting solutions.NYSC portal

“Nigeria is a country filled with men and women with great capacity and ability to unravel any wrong policies and project way forward.

He urged members of the public to calm down and not to be distracted in any form, adding that panic may raise concerns that may mar the general elections.

Eluemunoh called advised Nigerians not to be enemies of themselves but “should think out of the box and do all that would promote economic and social development of the country”.

He appealed to the Central Bank officials to quicken the process of creating awareness among the citizens on its programs and policies, saying “this will help make governments policies known to the public for easy adaptation.”JAMB Result

📢 We are hiring writers!