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Federal Government Apologizes for Naira Scarcity, Promises Resolution

Derayo Adebisi by Derayo Adebisi
December 23, 2023
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CBN Warns Banks and PoS Against Collusion Amid Cash Scarcity
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In a media briefing, Minister of Information Mohammed Idris apologized for the current Naira scarcity, assuring it’s not an intentional restriction.

He confirmed the Central Bank’s efforts to issue new notes, ensuring more currency circulation. The government aims to alleviate concerns and enhance public spending.

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Idris emphasized that it is not a deliberate policy to stifle Nigerians or replicate past challenges. He reassured the public that the Tinubu administration is optimistic, having taken necessary steps for a better economic outlook in 2024.

Source: Channels
Tags: cash scarcityNaira
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