Coalition decries the lack of new Naira notes, calls for immediate action.

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Coalition decries the lack of new Naira notes, calls for immediate action.

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Ndigbo Worldwide 01 Feb 2023

The Coalition of South East Youth Leaders, COSEYL, has urged the Central Bank of Nigeria, CBN, to make the new redesigned Naira notes available across the country to help businesses especially in the rural areas.

Despite the extension of the deadline for the old notes, cash is still a big issue as both the old and the new notes are unavailable.

Reacting, COSEYL in a statement issued on Tuesday by its President-General, Goodluck Ibem, urged the apex bank to allow the notes to circulate across the nation during the 10 days grace period.

“The CBN should during the above 10 days period ensure that the new naira notes are released into circulation to enable Nigerians to have access to it for their day to day business activities.

“The non-availability of the new notes in circulation have made so many businesses to close down in the last few days”, the statement added.

News Source: Daily Post