• News - South West - Osun
  • Updated: February 01, 2023

New Naira Notes: Oluwo Blasts CBN Governor, Says Scarcity Inimical To Human Survival

The Oluwo of Iwo, Oba AbdulRosheed Adewale Akanbi, has blamed the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele over the hardship induced by new Naira notes.

Oba Akanbi noted that the new naira regime has grounded economic activities in Nigeria, adding that the implementation of such ought to be gradual to ease commercial activities.

The Oluwo called for urgent close monitoring to ensure naira circulation.

He alleged the plan to instigate Nigerians against the legacy of President Muhammed Buhari. 

In a statement by Oluwo through his press secretary, Alli Ibraheem, Oluwo noted that the new Naira note regime has inflicted much hardship on Nigerians and has grounded the country's economic activities.

"It's worsening every day. As a father with a voice, I must speak out.

He stated many Nigerians have been stranded, immobile and starved due to the scarcity of the naira notes. 

Oba Akanbi called on stakeholders most especially the federal government to review the policy with a view to decimating the hardship on innocent Nigerians.

He revealed traditional rulers are not left out of the naira impasse, imploring the legislators to veto enforcement of extension and provision of enough naira notes by the CBN.

"The CBN governor, Godwin Emefiele owe 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 "

"Many are stranded, immobile and starved due to the non-availability of new notes. 

"I suspect an intention to blackmail the infrastructural legacies of President Muhammed Buhari.

"The federal government and federal legislators should checkmate the CBN governor, veto an unconditional extension of the deadline and ensure the new notes are widely circulated"

"Emefiele needs to address Nigerians again to holistically justify the introduction of the new note and the deadline without enough money in circulation.

"We can't continue suffering and keep mute. This is really bad at a time INEC will need resources for logistics."

Related Topics

Join our Telegram platform to get news update Join Now
Francis Ezediuno
Francis Ezediuno

Francis Ezediuno is a journalist who is self thought on application of social media in news gatherin...

More From this Author


custodian investment plc Financial Services

Custodian Investment Plc. is an investment company with significant holding in c...

staco insurance plc Financial Services

nem insurance plc Financial Services

NEM INSURANCE PLC started an insurance business in Nigeria in 1948 through the a...


0 Comment(s)


See this post in...