Fashola: Naira notes scarcity hurting Nigerians | The policy must be reviewed | TheCable

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Babatunde Fashola, minister of works and housing, says the Central Bank of Nigeria (CBN) policy introducing new naira notes and phasing out the old needs to be reviewed because it is hurting Nigerians.

Dyepkazah ShibayanBabatunde Fashola, minister of works and housing, says the naira redesign policy of the Central Bank of Nigeria “is hurting Nigerians” and needs to be reviewed.It initially fixed January 31 as the deadline but many Nigerians have not been able to get the new N200, N500, and N1000 notes, prompting a scarcity.

Speaking with Morayo Afolabi-Brown, a talk show moderator, on Wednesday on Instagram Live, Fashola said Bola Tinubu, presidential candidate of the All Progressives Congress , was fighting for Nigerians when he expressed concern about the scarcity of the new notes.“I feel sympathy for the Nigerian people and what they have had to go through.

“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.

“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.The minister said he was never a puppet to Tinubu while he was the governor of Lagos but he consulted with him because “of his experience”.

“When I was governor I realized that someone sat in my chair for eight years, that person is still alive, that person has had time to reflect, that person would have made mistakes and I told myself if I wanted to succeed I shouldn’t learn from my own mistakes I should learn from his experience,” he said.

 

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cenbank GodwinIEmefiele I think the CBN govt should make available more of 20, 50 and 100naira notes. Direct all banks to stock their ATM with 50 and 100naira notes while the internet band should be upgraded for smooth online transaction. don't print more 2h, 5h & 1k notes at the moment stopvotebuying

cenbank GodwinIEmefiele Who is he telling? Is he no longer part of the government?

cenbank GodwinIEmefiele We’re all out for War! This is no Joke anymore

cenbank GodwinIEmefiele As if you care abeg buzz off

cenbank GodwinIEmefiele Thank God he is a minister

cenbank GodwinIEmefiele If anybody should be sanctioned or punish in the cause of the scarcity of the new naira Note should be the MDS of all the banks across Nigeria for not compliance with the CBN rules and directives.

cenbank GodwinIEmefiele We keep blaming the CBN governor but no one has even call on the MDs of all the banks Nigeria and verify the position of the CBN governor. Why because '' corruption '' everybody is looking elsewhere. For me the so call upper and lower Chambers should be scrape off because they

cenbank GodwinIEmefiele No it must not.. Don't act as if you care about Nigerians... We bear rubbish in this country but any reviews should be left for the next government

cenbank GodwinIEmefiele They should start giving out 200 naira notes instead of 1000. There is no 200 naira for change

cenbank GodwinIEmefiele Who is this cam coder

cenbank GodwinIEmefiele Dead policy

cenbank GodwinIEmefiele Sure

cenbank GodwinIEmefiele It's not funny atall.

cenbank GodwinIEmefiele Must? Smh

cenbank GodwinIEmefiele It’s not hurting us out all. It’s only hurting vote buying

cenbank GodwinIEmefiele When Nigerian youth were slaughtered, you didn't complain, when palliatives where hoarded , you were mute,no fuel,no light,no good road etc etc no sound just because they touched the money parked in safe houses you now found your voice, êvïl beings

cenbank GodwinIEmefiele It always really looks like a foreign currency 💲💵 💶 💷 to everyone in the country.

cenbank GodwinIEmefiele The champion of cashless policy as Lagos governor has changed his mind. What APC will do to you, unimaginable.

cenbank GodwinIEmefiele How I take dy follow this thecable

cenbank GodwinIEmefiele Fashola follow them.

cenbank GodwinIEmefiele Strategy to shift blame on Buhari 😂😂😂.

cenbank GodwinIEmefiele Ain't u owner of bank?

cenbank GodwinIEmefiele It's pushing Nigerians to the brinks, hope they find a solution before the situation gets out of hand unless of cause that's their plan all along cos I don't understand the sudden urge for an unplanned policy. A kneel jerk reaction that's do no one no good

cenbank GodwinIEmefiele It will be reviewed after elections Mr fashola

cenbank GodwinIEmefiele Reviewing of the naira policy must be after the general election 🗳 not now sir

cenbank GodwinIEmefiele Leave Nigerians out of your mouths please.

cenbank GodwinIEmefiele Al of a sudden they care about Nigerians. Thank ooo

cenbank GodwinIEmefiele Which time you people starts to fight for common man?

cenbank GodwinIEmefiele How will get here is still what I don't understand.Okay...Dey play ⏯️▶️⏯️

cenbank GodwinIEmefiele Shut up

cenbank GodwinIEmefiele My take is that since atiku and officialABAT has credible evidence of corruption against each other, I appeal to both of them to step aside for PeterObi whose only crime is saving money and investing it for future. His KwankwasoRM is our only worthy opponent now.

cenbank GodwinIEmefiele Government people opposing government policy!

cenbank GodwinIEmefiele Am sure you have not driven on road from Abuja to your village and you will see what's worst than scarcity of currency notes

cenbank GodwinIEmefiele This is Consequences of Bola Ahmed Tinubu shouting BUHARI! BUHARI!! BUHARI!!! Like he knew what he’s capable of doing

cenbank GodwinIEmefiele CBN ought not to have shifted the dead line rather they should have improved on availability of new currency.

cenbank GodwinIEmefiele Abeg make you calm down sir, is it today we started hurting? How much is fuel, exchange rate,food commodities etc? This policy that is designed to block all leakages and reduce incentive to corruption is now hurting Nigeria. No wahala we will endure. Thanks for your concern.

TemitopeOJT cenbank GodwinIEmefiele Tinubu detective is at it again! 🚶

cenbank GodwinIEmefiele Let's review the money in the hands of the political class then there will be money in the society

cenbank GodwinIEmefiele APC are so wicked and evil

cenbank GodwinIEmefiele Over 200 million Nigerians have been pushed to the wall in their desperate search for new Naira notes. Obviously, the CBN did not do its homework properly before fixing Jan. 31 as the deadline for depositing old Naira notes. Now, there is liquidity squeeze & stampede everywhere.

cenbank GodwinIEmefiele As if you truly care

cenbank GodwinIEmefiele Every policy hurts the ordinary Nigerian. What review? who is reviewing? was the policy not planned and strategy put in place for a seamless implementation? Disgusting!

cenbank GodwinIEmefiele Na only the one way affect una them de review

cenbank GodwinIEmefiele Speaking for his master!!!

cenbank GodwinIEmefiele we can manage instead of using the public as an excuse to release the money to your principal to manipulate himselves into our lives for another painful 4 or 8 years of hulabad

cenbank GodwinIEmefiele Wow I naira is now the scarce currency at least no pressure on dollars

cenbank GodwinIEmefiele Lol

cenbank GodwinIEmefiele Fashola Holmes shut up

cenbank GodwinIEmefiele We need you to speak during the end-Sar protest, you did not. Now you are pretending to care. CBN should continue! We must get this country on the right path.

cenbank GodwinIEmefiele 😁 😁 😁 We are not complaining, let the new Nigeria begins.

cenbank GodwinIEmefiele What about fuel detective fash

cenbank GodwinIEmefiele During endsars, they freezed some innocent protesters account, Fashola did not talk. Àwọn osinwin eniyan

cenbank GodwinIEmefiele Fuel is not hunting Nigeria? See teeth

cenbank GodwinIEmefiele You criminals God is going to judge you people harshly.

cenbank GodwinIEmefiele Tinubu boys are shouting

cenbank GodwinIEmefiele This man is a disgrace

cenbank GodwinIEmefiele Yeye

cenbank GodwinIEmefiele This joke is awesome

cenbank GodwinIEmefiele I WILL VOTE FOR LP

cenbank GodwinIEmefiele cenbank. Needs to investigate bank managers

cenbank GodwinIEmefiele Very soon, he will deny saying so and claim he was quoted out of context; just wait and see. They've all graduated from Lai Mohammed's school for lying and liars.

cenbank GodwinIEmefiele It's only when it hurts them too that they complain like the rest of Nigerians.

cenbank GodwinIEmefiele Uncle jimidisu

cenbank GodwinIEmefiele The CBN should allow banks to pay at least 50k to customers over the counter for the next six months to ease the crunch it's looking like this government never implemented anything successfully. NIN, Voter registration, PVC, New Naira, Fuel cues, etc all very stressful.

cenbank GodwinIEmefiele Drug lord boys are talking useless people. That policy must stay no more buying vote.

cenbank GodwinIEmefiele That's true very correct 💯

cenbank GodwinIEmefiele From Gov to works minister to Detective & now economist…. Park one side

cenbank GodwinIEmefiele All of una don suddenly turn to good Samaritan for the poor masses. Make una shift Biko, APC is going for good 🚶🏼‍♀️🚶🏼‍♀️🚶🏼‍♀️

cenbank GodwinIEmefiele Please, Emefiele don't extend anything.

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