Nigeria News
Naira Scarcity: Commotion As Protest Resumes In Ibadan, Major Road Get Blocked
The ongoing scarcity of Naira notes and fuel has caused a resumption of protest in Ibadan, the Oyo State capital.
Naija News understands that the protesters blocked the ever-busy Eleyele/Eruwa road in the Ibadan North-West Local Government Area of Oyo State, in the early hours of Wednesday.
The Eleyele/Eruwa road is the major road that leads Ibadan to Ibarapa zone and the obstruction of movement in the area has resulted in heavy traffic in Eleyele, Ologuneru, and the environs.
According to PUNCH, many motorists were forced to turn back while schoolchildren hurriedly return home over the fear of being attacked.
Recall the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele on Tuesday insisted there is no going back on the deadline earlier given for the old naira notes to be withdrawn from circulation.
Speaking on Tuesday at the Ministry of Foreign Affairs in Abuja, the CBN Governor said the naira scarcity situation is already calming down, hence no need to shift the February 10 deadline as earlier announced.
According to him, there is no need to consider any shift in the deadline.
“The situation is substantially calming down since the commencement of over-the-counter payments to complement ATM disbursements and the use of super-agents.
“There is, therefore, no need to consider any shift from the deadline of February 10,” Emefiele was quoted to have said.
