April 1, 2023

Bayelsa Govt Calls For Calm On Old Naira Notes Acceptance

1 min read

Following the implementation of the Central Bank of Nigeria’s (CBN) naira redesign strategy and the Supreme Court’s decision on the old N200, N500, and N1000 currency notes, the Bayelsa State government has stated that it understands the suffering of the state’s citizens.

Thus, the administration has advised citizens to maintain their composure and refrain from actions that would endanger the state’s tranquility.

This was contained in a press release issued by the Bayelsa State Commissioner for Information, Orientation, and Strategy, Hon. Ayibaina Duba.

The statement partially, “The government noted that on March 3, the Supreme Court ruled that the old notes, which had been phased out by the CBN, remain legal tender till December 31 this year.

“While the state government is not against the naira redesign policy of the CBN or the federal government, it is however not comfortable with the method of its implementation that has resulted in further hardship on people of the state and, indeed, the country.

“The government, therefore, urges business operators in the state, particularly banks, traders and keke (tricycle) to take into consideration the Supreme Court ruling in order to reduce the pains of people of the state.

“The government also calls on the CBN to take immediate steps to ease the burden of doing business in the state by making implementation of the policy less cumbersome.”

Copyright © 2020 Swift Reporters. All rights reserved. | Newsphere by AF themes.