Some Nigerians are calling on the Central Bank of Nigeria, CBN, and the Federal Government not to extend the deadline for the circulation of the old Naira notes as being suggested by some state governors.
They say the extension will not address the shortage of currency in circulation.
This is coming as the Central Bank intensifies the currency swap exercise in some rural areas in Taraba State.
And as the February 10 deadline for the circulation of Nigeria’s old currency draws near, Jalingo residents are groaning under the intensified scarcity of both the old and new Naira notes.
More Automated Teller Machines, ATMs across Jalingo, the Taraba State capital have ceased to dispense cash, while the few bank ATMs dispensing are overcrowded by customers frantically trying to get some cash for their daily needs.
Many are resorting to ATMs because of the exorbitant charges by the few POS operators paying, and poor networks for Internet transactions.
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Some of the people are asking Nigeria’s Federal Government and the Central Bank, not to heed the demand of some governors for an extension of the deadline for the circulation of the old currency, as it would only elongate the suffering of the average Nigerian.
The CBN delegation in Taraba State has continued the Naira swap exercise with a maximum of ten thousand Naira.
Their attention is on the rural communities without adequate banking services, while collaborating with traditional institutions.
The Central Bank of Nigeria’s delegation to the rural communities is also sensitizing the locals on owning bank accounts, as it targets the propagation of a cashless economy through the E-naira.
Editor : Ena Agbanoma
