Labour Party president candidate and former governor of Anambra State, Mr Peter Obi, has urged Nigerians to bear with the Central Bank of Nigeria (CBN) and the Federal Government in the naira redesigning programme, saying it is not perculiar to the country.

Obi, in a message yesterday, said that despite the fact the currency redesign comes with some inconveniences, it has long-term benefits
He urged the CBN and banks to do everything possible to make the new notes available.

Obi’s statement reads: “The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain, but it has significant longterm economic and social benefits.
“Even though there are improvements that can be made, I urge Nigerians to bear with the CBN and Federal Government with the hope that the general populace and Nigeria will harvest the gains that will come with the reforms.

We equally implore the CBN and the banks to expedite efforts to make the new currency available to small depositors and the unbanked in order to reduce the pains of my fellow Nigerians, especially the underprivileged and those living far away from banks in the rural areas.”

https://www.sunnewsonline.com/currency-redesign-has-socio-economic-benefits-obi-2/

You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

FarahAideed:
You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

And you know the best

FarahAideed:
You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

What is this one saying?

This is delusion. Why will you always find something negative to say without any convincing argument?

You people should support the thief Atiku in peace due to your sentiments. Leave PO alone.

FarahAideed:
You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

Thiefnubuu shall be disgraced

FarahAideed:
You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

He's talking about currency redesign as a concept, not its implementation in Nigeria.

The press statement now says that there are obvious harsh effects but that Nigerians should bear with those because the concept has a long-term positive impact.

Why is this press release so hard for you to grasp?

I am NOT an Economist

But

I can tell that this Naira Re-Design will curb inflation for @least the Next 5 years.

Scarcity of New notes will make most Producers of Goods, be Afraid of Increasing Price.

CBN should print Less of New 1000, 500 and 200 notes and MORE of N100 old notes!

Vinnie2000:


I am NOT an Economist

But

I can tell that this Naira Re-Design will curb inflation for @least the Next 5 years.

Scarcity of New notes will make most Producers of Goods, be Afraid of Increasing Price.

CBN should print Less of New 1000, 500 and 200 notes and MORE of N100 old notes!

Actually Nigerians are good at artificial inflation which the new naira scarcity is helping to curb. Na we dey do ourselves for this Country.

Obi is right

The long term benefits will outweigh the short term inconvenience

Nigerians should embrace alternative and electric channels

Nice sir, as if he was the one who initiated the current hardship..

It has benefits, it's for the money to be seculate that's the main issue here..

PO For President..
Urchins leave PO alone, fuel will soon be 195 from Monday, Bank on THAT..

Meaning people buying at 500/per lit, even when the instal pump price was 185, in their various locations will soon start buying at 800 per litre..

Na my younger sister I pity pass, cus her allowance no go change...

FarahAideed:
You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

You want him to incite war?

Or you don't know that currency redesigning has its own economic benefits?

Just that the purpose has been mismanaged by the authorities involved. Destroying the aim and purpose of redesigned notes that is done in other countries.

Or you want him to begin to pick fight with people?


We do t want any dent on him...Let him get the presidency and change the entire system for the benefits of the masses.

Use debit card to make payments

Cash should be used only for little transactions

A central bank should have control of money supply to keep exchange rate reasonable

CBN policy is good all transactions should be done by Card via POS terminal or by bank transfer

This stops kidnapping and theft and also ensures tax compliance

Printing of excessive cash for circulation is evil

There is no place in the world where people can pay or withdraw millions over the counter, it's done by bank transfer for tax and money laundering reasons

We are tired of APC leadership

Now this is his full opinion.

One urchin posted only where he talked about the people's suffering.

Please this should also be on the fp as well.

KingsCity:
Obi is right

The long term benefits will outweigh the short term inconvenience

Nigerians should embrace alternative and electric channels

Electronic

shuttox:
Labour Party president candidate and former governor of Anambra State, Mr Peter Obi, has urged Nigerians to bear with the Central Bank of Nigeria (CBN) and the Federal Government in the naira redesigning programme, saying it is not perculiar to the country.

Obi, in a message yesterday, said that despite the fact the currency redesign comes with some inconveniences, it has long-term benefits
He urged the CBN and banks to do everything possible to make the new notes available.

Obi’s statement reads: “The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain, but it has significant longterm economic and social benefits.
“Even though there are improvements that can be made, I urge Nigerians to bear with the CBN and Federal Government with the hope that the general populace and Nigeria will harvest the gains that will come with the reforms.

We equally implore the CBN and the banks to expedite efforts to make the new currency available to small depositors and the unbanked in order to reduce the pains of my fellow Nigerians, especially the underprivileged and those living far away from banks in the rural areas.”

https://www.sunnewsonline.com/currency-redesign-has-socio-economic-benefits-obi-2/

Lilly liver low budget candidate is just finding his voice.

Eventually he couldn't come up with something spectacular, always coming up with opinion of a mediocre

This guy is just catching cruise with his supporters.

Speaking with both sides of his mouth.

He's just too dump to take a side.

May Nigeria not be unfortunate with a guy like obi at the helm.

From the economist perspective

From today henceforth, i support the policy

The currency redesign has a long lasting economic benefits but the implementation is awful.

Besides, the idea of currency redesign didn't came up because of the economic benefits of curbing inflation, the idea was to deal with certain politician(s) for certain reasons. That is why the implementation was bad.

I have noticed that that those supporting the Labour party presidential candidate have seriously been zombified. It seems they no longer have a brain of their own. They accept and support what ever Obi said without evaluating it.
There was a thread yesterday where Obi was lamenting about the hardship caused by naira redesign, his supporters where hailing him.
Today Obi is saying the naira redesign is good and the same people are hailing him.
Same thing goes to Atiku and Tinubu supporters, zombified set of humans who can not think for themselves.

If at this stage and age we still have people supporting all these useless polithiefians like this, it means we still have a long way to go.

Flora2Sweet:
Nice sir, as if he was the one who initiated the current hardship..

It has benefits, it's for the money to be seculate that's the main issue here..

PO For President..
Urchins leave PO alone, fuel will soon be 195 from Monday, Bank on THAT..

Meaning people buying at 500/per lit, even when the instal pump price was 185, in their various locations will soon start buying at 800 per litre..

Na my younger sister I pity pass, cus her allowance no go change...

You people and all this 2by2 economy analysis I want to ask shey Naira wey dey outside reach CFA or Dollar wey dey outside how's the currency affecting the economy of the country spending doz currencies....


At least from my little knowledge na CFA strong pass against Dollar for West Africa....


That's how you guys keeps complaining is because we av higher note I ask again CFA get 10,000 single note how's that increasing the inflation of the country spending dem....

"The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain, but it has significant longterm economic and social benefits. Even though there are improvements that can be made, I urge Nigerians to bear with the CBN and Federal Government with the hope that the general populace and Nigeria will harvest the gains that will come with the reforms."

How insensitive and callous of Obi to make such statement after seeing the pain and chaos going on over the mess that Buhari and Emefiele have caused. Nigerians supporting Obi may be making a big mistake if he wins, he may continue this Buhari's evil cashless policies..... He may be another "false messiah" just like Buhari in 2015.... I hope those supporting him are using their heads and are not into the cult of personality that have characterized Peter Obi's meteoric popularity after decamping from PDP and joining labour party.... I wonder how Obi can see economic benefit in punishing Nigerians.... This is a clear indication that he is in support of what is going on.... He is asking Nigerians to bear because it is not affecting him....

Ttalk:




Lilly liver low budget candidate is I just finding his voice.

Eventually he couldn't come up with something spectacular, always coming up with opinion of a mediocre

Because it wasn't Tinubu that said it

Hmmm

JASONjnr:


You want him to incite war?

Or you don't know that currency redesigning has its own economic benefits?

Just that the purpose has been mismanaged by the authorities involved. Destroying the aim and purpose of redesigned notes that is done in other countries.

Or you want him to begin to pick fight with people?


We do t want any dent on him...Let him get the presidency and change the entire system for the benefits of the masses.

He should stop encouraging stupid Buhari policies in any way... tommorow now Buhari zombies will start quoting PO as a sign they are doing well

shuttox:

And you know the best

Baba nothing absolutely nothing about this currency swap makes any sense and it must not be encouraged under any guise please

Obi the CBN governor wannabe 🤣

Abeg tell us the benefits.....to stop Tinubu ba

Oniyeye . Na chaos be benefit for your head....I nor blame Obi sha.....na those wey dey hype the Pandora man

We they tired of APC leader

FarahAideed:
You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

He's right. Bear with the CBN for a little while. Though the benefits may tarry, they will still come.

Mumu don shoot himself for foot.

First, his reaction came way too late. Too late. The last of the top 4 to speak about the current economic hardship.

Pandora Anini should tell us forward thinking countries where the citizens suffer like Nigerians are suffering because their apex bank want to swap or redesign their currency. I don know say he's a sakamanje and a very selfish conman. I'm beginning to think Obingo is more selfish than mikano. This is the man promising to turn Nigeria to Dubai - someone who has spoken so much against the oppression, poverty, backwardness, corruption, etc affecting the country. Suddenly, the demonic economic swap is good because it's was designed to fight corrupt politicians.

This guys is too poor in tact and reasoning to be a politician in such a complex country like ours. Na just motivational speech - no wit! zero sagacity!

Buhari and the Presidency are saving face with "CBN gave false intel" "CBN told us there would be no problem" but the dull Pandora is telling people to be patient with the ill-thought policy. That's the presidency literally agreeing with what people have been saying that the policy is a flop The ode is literally saying everyone who opposed the swap policy are wrong and people deserve the unnecessary hardship. I see zero leadership quality in Obi; no wonder the Sultan of Sokoto gave him a book to read about leadership

The way I see it Pandora internationally kept quiet and was so happy that "Buhari was fighting Asiwaju with the redesign policy." The delusional man discovered late that he has been left behind when the presidency started piling blame on the CBN. He had no choice than to come out with that nonsense and watery reaction.

Again, ask Pandora to mention countries that are forward thinking that do currency resign like the CBN did.

People should leave social media and listen to local radio stations for a day to listen to people complaining about the hardship they're experiencing because of the swap. There is no note for people to spend. Cash scarcity. The masses are forced out from engaging in the economy. Bad online banking experiences. But Pandora said this kind of things are common with countries doing currency resigns

It's no surprise though. Someone who threw Anambrans into poverty because he wants to save to invest in a family beer business will see no big deal about the current hardship. Masses wallowing in mediocrity is what gives him erection

Hopium:
One key observation is than Peter Obi hasn't said anything about the scarcity or policy. It's like his fans aren't queuing for cash or suffering the effect. Is this the man obidients said will deliver Nigerians from the shackles of their oppressors? Not even a word to score political points. This man go worse pass Buhari as i dey look am so.

FarahAideed:
You see I told y'all this man is nothing but a typical Nigerians , where in the world has this kind of disorganized nonsense ever happened

Now we know the difference between those who went to school to study and those who went to read and write. No brain

SmartPolician:


He's talking about currency redesign as a concept, not its implementation in Nigeria.

The press statement now says that there are obvious harsh effects but that Nigerians should bear with those because the concept has a long-term positive impact.

Why is this press release so hard for you to grasp?

Urchins lack understanding