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Peter Obi breaks silence on new Naira notes, Tells Nigerians what to do

Peter Obi

Peter Obi has told Nigerians to bear with the CBN and the federal government on the new Naira notes palaver. 

Peter Obi, the Labour Party (LP) presidential candidate, has urged Nigerians to endure the current pain and inconvenience caused by the redesign of the Naira.

If the policy is sustained, it will have significant long-term economic and social benefits, he said.


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Obi stated on his verified social media accounts, “The redesign of the Nigerian currency is not unique.” There are some inconveniences and pain associated with this activity, but its long-term economic and social benefits are substantial.

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“Although there is room for improvement, I urge Nigerians to be patient with the CBN and Federal Government in the hopes that the general populace and Nigeria will reap the benefits of the reforms.

New Naira notes should be available

Obi also instructed the CBN and commercial banks to expedite efforts to make the new naira notes accessible to small depositors and unbanked Nigerians.


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He stated, “We equally urge the CBN and the banks to expedite efforts to make the new currency available to small depositors and the unbanked to alleviate the suffering of my fellow Nigerians, particularly the poor and those living far from banks in rural areas.

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