Protesters Block Major Roads Over Fuel Hike, Naira Notes Scarcity in Delta

Protesters Block Major Roads Over Fuel Hike, Naira Notes Scarcity in Delta | Daily Report Nigeria

Protesters, including residents and traders in Warri Main Market in Delta State, have stormed the popular Warri/Sapele road to protest over the hike in fuel and naira notes scarcity in the country.

A large number of protesters vowed to continue until the federal and state governments heard their cry.

The protest caused gridlock on the popular Warri/ Sapele road and other major roads in the commercial city.

Allow New, Old Naira Notes to Co-exist, APC Govs beg Buhari

Meanwhile, Members of the Progressives Governors’ Forum on Friday begged President Muhammadu Buhari to tell the Central Bank of Nigeria to allow the old and new naira notes to co-exist.

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According to the APC governors, allowing the old and new naira notes to co-exist would ease the current scarcity of naira notes and its struggle.

Governor of Kaduna State, Nasir El-Rufai spoke to journalists in Hausa shortly after governors elected on the All Progressives Congress ticket met the President at the State House, Abuja.

El-Rufai argued that the move had become necessary as the CBN mopped up over two trillion Naira of the old notes but only printed N300bn of the new ones.

According to him, the new notes in circulation are insufficient for Nigerians.

Buhari Demands 7 Days To Decide On New Naira Notes

On his part, President Muhammadu Buhari called on citizens to give him seven days to resolve the issue of cash scarcity plaguing Nigerians.

According to Buhari, the currency re-design will give a boost to the economy and provide long-term benefits.

He, however, expressed doubts about the commitment of banks in particular to the success of the policy.

Some banks are inefficient and only concerned about themselves”, said the President,

“even if a year is added, problems associated with selfishness and greed won’t go away.”

He said he had seen television reports about cash shortages and hardship to local businesses and ordinary people and gave assurances that the balance of seven of the 10-day extension will be used to crack down on whatever stood in the way of successful implementation.

I will revert to the CBN and the Minting Company. There will be a decision one way or the other in the remaining seven days of the 10-day extension,” the President assured.


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