Naira scarcity: Let’s remain calm — FG, states working to address challenges, says Tinubu

Bola Tinubu, the presidential candidate of the All Progressives Congress (APC), has advised Nigerians to remain calm over the hardship caused by the scarcity of the naira notes.

The scarcity of the naira notes amid the implementation of the naira redesign policy has led to frustration, protests, and attacks on banks and Automated Teller Machine (ATM) points.

On Wednesday, some persons were feared dead following a clash following the response of security agencies to protests in parts of Edo state.

In a statement on Thursday, Tinubu expressed his sympathy to Nigerians, adding that the federal and state governments are working to address the issue.

“I am saddened by reports of violent protests in parts of our country today, especially in Delta, Oyo, Kwara and Edo states. In Delta, there were reports of arson and destruction of bank branches,” the statement reads.

“I sympathise with all Nigerians who are going through the pains of not being able to get money from banks and ATM points to meet their basic daily needs. I also sympathise with the banks for being victims of the CBN currency redesign policy.

“Be rest assured that this phase will soon pass away as our governments at both the federal and state levels are working to surmount the current challenges.

“With the Supreme Court reaffirming its order of 8 February on monetary authorities to allow the old and new Naira notes to circulate together, I believe a solution is right on the way and the scarcity of Naira notes will soon be over.

“I am happy to note the various measures being put in place by many of our Governors to cushion the effect of the scarcity of Naira on households.

“I want to appeal to our young people not to take law into their hands through destructive protests. We feel your pains and frustration but destroying lives and properties will not solve any problem. Rather, it will only complicate the crisis we have on our hands.

“We must keep the peace and remain calm. Let us not be provoked. Instead, let us cooperate with the government in seeking immediate and lasting solution.

“This difficult time shall soon be over. We must keep hope alive as we move forward to a better, stronger and more prosperous Nigeria of our dream. God bless you all.”