Connect with us

News

I Feel Sympathy For Nigerians, Scarcity Of New Naira Notes Is Hurting Them – Fashola

Published

on

The Minister of Housing and Works, Babatunde Fashola has sympathized with Nigerians over the scarcity of the new Naira notes in the country.

I Feel Sympathy For Nigerians, Scarcity Of New Naira Notes Is Hurting Them - Fashola

KanyiDaily recalls that the Central Bank of Nigeria (CBN) has continuously claimed that it has released sufficient new Naira notes to commercial banks across the country.

However, commercial banks have maintained that they do not have adequate new notes to issue to their customers, hence, many banks across the country have completely stopped issuing money to their customers with a few of them issuing a maximum of N10,000 or N5,000.

It was observed that while most banking halls were empty due to the paucity of funds in bank vaults, large crowds had formed outside some of the few banks that were rumored to be preparing to load their Automated Teller Machines (ATMs).

Fashola, who spoke during an interview with media personality, Morayo Afolabi-Brown, called on the CBN to review its policy because the scarcity of the new Naira notes is hurting Nigerians.

READ:  Governor Ignores Nigerian Security Agencies, Flies To Dubai To Seek Solutions For Banditry In Zamfara

He said, “I feel sympathy for the Nigerian people and what they have had to go through. Sometimes policies play out like this in the process of implementation, sometimes it all ends well and sometimes it calls for reconsideration and review.

“In spite of the fact the CBN has acted within the spirit and letters of its independence by law, it is important to remember that we serve the public and the public says it is hurting, it is important to take a step back and ask where it is hurting and how we can make it better. It must not be a matter of ego.”

Fashola also claimed that the presidential candidate of the All Progressives Congress (APC), Bola Tinubu was fighting for Nigerians when he expressed concern about the scarcity of the new notes.

He said, “All the credit must go to our candidate being one of the first strong voices, first voice out of the candidates to speak out in Abeokuta.

“Though some were quick to say he was fighting Buhari or he was fighting his own party but it is his nature as a fighter for people. Our candidate hasn’t said don’t change the naira but it is hurting people. So the implementation needs a relook.”

KanyiDaily recalls that Bola Tinubu had accused President Muhammadu Buhari of creating unnecessary hardships with naira re-design and fuel crisis to sabotage his victory at the 2023 presidential election.

READ:  See The Nigerian Student Who Fell From 10 Floor Building And Was Stuck In A Wall For 2 Days

Police Arrests Man Who Accused E-Money Of Having Affairs With Junior Pope’s Wife
Entertainment16 mins ago

Police Arrests Man Who Accused E-Money Of Having Affairs With Junior Pope’s Wife

“She No Even Wear Pant” – Ayra Starr's Outfit At Album Listening Party Causes Stir [Video]
Entertainment1 hour ago

“She No Even Wear Pant” – Ayra Starr’s Outfit At Album Listening Party Causes Stir [Video]

"Big Ballers Are Coming To Umunze” – Cubana Chief Priest Consoles Flavour Over His Father’s Death
Entertainment3 hours ago

“Big Ballers Are Coming To Umunze” – Cubana Chief Priest Consoles Flavour Over His Father’s Death

Flavour N'abania Loses His Father, Benjamin Okoli [Video]
Entertainment4 hours ago

Flavour N’abania Loses His Father, Benjamin Okoli [Video]

Ademola Lookman's Hat-Trick Leads Atalanta To Europa League Victory Over Bayer Leverkusen
Sports7 hours ago

Ademola Lookman’s Hat-Trick Leads Atalanta To Europa League Victory Over Bayer Leverkusen

Why FG Banned Money Ritüal, Smoking, Crime Scenes In Nollywood Films
Entertainment17 hours ago

Why FG Banned Money Ritüal, Smoking, Crime Scenes In Nollywood Films

"I Have Forgiven Junior Pope For Betraying And Stabbing Me In The Back" - Yul Edochie
Entertainment18 hours ago

“I Have Forgiven Junior Pope For Betraying And Stabbing Me In The Back” – Yul Edochie

Diddy Faces 6th Lawsuit As Model Accuses Him Of Drugging And Sexual Assaulting Her
Entertainment19 hours ago

Diddy Faces 6th Lawsuit As Model Accuses Him Of Drugging And Sexual Assaulting Her

VeryDarkMan Remanded In Police Custody As He Pleads Not Guilty To Cyberstalking
Celebrities21 hours ago

VeryDarkMan Remanded In Police Custody As He Pleads Not Guilty To Cyberstalking

Serious Fight Breaks Out As Cross River Assembly Impeaches Speaker, Elvert Ayambem [Video]
Politics22 hours ago

Serious Fight Breaks Out As Cross River Assembly Impeaches Speaker, Elvert Ayambem [Video]

"Igbo Girls Are Not Good For Marriage, They're Prostitutes And Feminists" - Speed Darlington [Video]
Entertainment22 hours ago

“Igbo Girls Are Not Good For Marriage, They’re Prostitutes And Feminists” – Speed Darlington [Video]

Erigga Announces His Father's Death
Entertainment22 hours ago

Erigga Announces His Father’s Death

Oritsefemi’s Ex-Wife, Nabila Fash Threatens To Sue Him For Defamation, Threat To Life
Entertainment1 day ago

Oritsefemi’s Ex-Wife, Nabila Fash Threatens To Sue Him For Defamation, Threat To Life

Real Reason Why Mauricio Pochettino Left Chelsea By Mutual Consent
Sports1 day ago

Real Reason Why Mauricio Pochettino Left Chelsea By Mutual Consent

"My Husband Has Every Right To Tell Me Not To Go Out” – Actress Anita Joseph
Entertainment1 day ago

“My Husband Has Every Right To Tell Me Not To Go Out” – Actress Anita Joseph

"You Told Filmmakers Not To Hire Me" - Motilola Akinlami Calls Out Kunle Afod
Entertainment2 days ago

“You Told Filmmakers Not To Hire Me” – Motilola Akinlami Calls Out Kunle Afod

"No Bow Leg In Our Family" – Mohbad’s Father Insists Wunmi Is Guilty Of Paternity Fraud
Celebrities2 days ago

“No Bow Leg In Our Family” – Mohbad’s Father Insists Wunmi Is Guilty Of Paternity Fraud

Portable Acquires New Mercedes Benz, Days After His Arrest Over G-Wagon Debt
Entertainment2 days ago

Portable Acquires New Mercedes Benz, Days After His Arrest Over G-Wagon Debt

I Took Junior Pope Like A Brother But He Stabbed Me In The Back Repeatedly – Yul Edochie
Entertainment2 days ago

I Took Junior Pope Like A Brother But He Stabbed Me In The Back Repeatedly – Yul Edochie

"Don’t Allow Anybody Drag You Into Politics" – Akpabio Tells Davido During Courtesy Visit
Celebrities2 days ago

“Don’t Allow Anybody Drag You Into Politics” – Akpabio Tells Davido During Courtesy Visit