• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 8, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Nigerians urge FG’s intervention as cash crunch becomes unbearable

Naira

The Matters Press by The Matters Press
February 27, 2023
Reading Time: 2 mins read
0
Experts validate Nigeria’s implementation strategies for success under AfCFTA

Nigerians have called for an intervention from the Federal Government to ease the hardship and frustration being faced because of the new monetary policy introduced by Central Bank of Nigeria (CBN).

RELATED POSTS

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

National Single Window initiative, a major step for efficient cross-border trade – TMSG

‎Group celebrates 45% increase in federal revenue in just one month

Some people on Sunday in Abuja, reports that Nigerians are not finding the situation easy.

Mr Stanley Nwabuzor said that the Federal Government and other authorities should intervene on the situation, adding that the hardship is getting harder and unbearable.

Nwabuzor said that the Federal Government should urgently put an end to issues surrounding the scarcity of the new Naira notes.

He said that the situation had brought long-suffering and untold hardship to many Nigerians.

According to him, Nigerians are really facing hard times, some don’t even see complete three square meals to eat.

“I believed that the experience we had during COVID 19 pandemic is far better than this time.

“A situation whereby we use money to buy our own money is a terrible and serious issue,” he said.

Dr Godwin Elele, a resident of the Federal Capital Territory (FCT) and a clergy, who expressed worry at the development, said Nigerians are no longer finding life easy and bearable.

Elele, however, advised Nigerians to bear with the government over the policy.

According to him, the essence of naira redesign was to stop vote buying and to reduce high rate of inflation in the country.

“I believe that at the end of the day, Nigerians will realise the importance of the policy and appreciate the effort of the government.

Elele also urged the government to release more new naira notes into the system to enable Nigerians have access to them.

Also, Mr Micheal Brutus, a retired Principal, who condemned the situation, said he felt for the poor masses, especially those parents that have little children.

“I feel for those families that have tender children, some of them watch their children crying for hunger and there is no money to buy food for them.

“I am not saying that the situation is not affecting me, but I am an adult and I have grown up children, of course none of them is based in Nigeria.

“I pray that this terrible situation will be over by Monday, after the presidential election.

“I am encouraging Nigerians to remain calm and continue to endure, all I know is that whatever that has a beginning must as well have an end,” he said.

Brutus called on the Federal Government and the CBN to expedite action with its circulation.

Mrs Hannatu Garba, a civil servant, said that the Federal Government had good intention by introducing the policy, but its implementation was not well managed.

Garba said that the essence of the policy was to use the opportunity to tackle insecurity, reduce corruption and engender the global best practice in fiscal policy management.

According to her, the policy would have been better implemented if the Federal Government had put some relevant measures in place before going into such a policy.

“Our network is very poor and commercial banks cannot manage the poor situation because Nigeria is a large country. Before introducing such a policy, certain measures should be put in place,” he said.

Garba praised Nigerians for having patience with the situation and urged the authority to do the right thing by putting more money into circulation.

Tags: Naira
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Chatham House stance on Nigeria’s economy, a non-biased assessment of  reforms
Economy/Technology

‎Group celebrates 45% increase in federal revenue in just one month

July 28, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Alleged Wasteful Turn Around Maintenance (TAM) of Refineries: Setting the records straight

July 25, 2025
Dangote Fertilizer in gas supply deal
Economy/Technology

IMPI seeks forensic audit of refineries from 2000 to 2023 ‎ ‎

July 25, 2025
Nigeria’s Dangote refinery will cut Africa’s petrol import by 36%
Economy/Technology

‎ADC erred, APC administrations never spent $18bn on refineries-IMPI ‎

July 25, 2025
Next Post
Africa-Europe Alliance presents progress report

Africa’s economy to reach $1,977.6bn by 2030 through renewable energy

Nigeria to allocate $200m for creation of agricultural service centres

LAPO supports farmers, rural dwellers with N70bn loans

Recommended Stories

Trading in Nigerian stock market dips further N83bn

NGX maintains upward trend by N142bn

February 2, 2023
Muslims celebrate festival, get goodwill messages

Christians greet Muslims on end of Ramadan

May 22, 2020
Nigeria mulls crude-for-product deal

Nigeria mulls crude-for-product deal

November 7, 2018

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎
  • National Single Window initiative, a major step for efficient cross-border trade – TMSG
  • ‎Group celebrates 45% increase in federal revenue in just one month

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us