Angry reactions have continued to trail the twin problems of lingering fuel scarcity and poor implementation of the Central Bank of Nigeria’s (CBN) cash swap policy that have left many citizens cash strapped and unable to attend to their basic needs for about three days now.
• Makinde, Adelabu Suspend Governorship Campaigns• POS Operators Mop Up Cash At Petrol Stations, Markets, Dispense At 20% ProfitMany Nigerians who vent their frustrations to The Guardian lamented that while they were battling to adjust to purchasing fuel at N350 – N400 per litre or spending the whole day at the Nigeria National Petroleum Company Limited petrol stations to buy at government’s regulated price of N185 per litre, the CBN compounded their woes with the haphazard execution of its...
Meanwhile, queues yesterday persisted at the ATM points of commercial banks branches in the state even though they attend to only customers who have an account with them. “If you have money, you can call the bluff of electricity providers and go for inverters until they return to their senses or even buy fuel from black marketers to power your generating set, however expensive. Although these are not acceptable resolves in a country that works, Nigerians have come to terms with the reality of being citizens in a country that doesn’t work, no thanks to our leaders, law and policy makers.
It was gathered that the injured officer, Dynasty Layemo, was stoned by the angry mobs while he was trying to prevent them from gaining access to the main Governor’s Office Complex. It was also learnt that the officer has been rushed to the clinic for proper treatment. Also, the angry youths were said to have invaded the Federal Secretariat at Ikolaba area of the state.
A statement by the Commissioner for Information, Culture and Tourism, Dr. Wasiu Olatubosun, directed that all campaign activities be suspended until further notice. In Edo State, there was tension at the University of Benin , Ugbowo campus, last Thursday, as some students engaged a lone soldier in fisticuffs from the nearby S&T Military Barracks.
“The management acknowledges that these are challenging times for everyone and enjoins all to remain calm while efforts are being made to avert a re-occurrence. Displaying a declined e-transfer receipt of N14,000 at a supermarket, a resident, Uche Mark, said he had gone into the supermarket and picked goods since he could not buy anything at the open market due to lack of cash. But to his amazement, after the cashier summed up his purchases and he wanted to pay with his credit card, the transaction was declined.
The situation in Asaba, the Delta State capital, was not different as residents expressed disappointment over what they encountered at various commercial banks in their bids to withdraw money for business transactions. Uche said she managed to withdraw money through the ATM point, but was paid only N5000 of the new notes.
“You can do it when the economy is favourable to the peoples. Like me, I had to leave home early in the morning and join the ATM queue so that I can have money in my pocket,” he said. One Lamidi Ebunu said he paid N1,000 to get N10,000 of the old notes, noting that in some areas, N10,000 goes for N2,000.
Residents of Cross River also experienced serious difficulty yesterday as the scarcity of naira notes and petroleum products worsened in major cities. “It’s annoying because I wanted to take N30,000. What will N5,000 do for me and my family for the weekend. This suffering is too much for the masses,” Irechukwu said.”
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Protest rocks Ibadan over naira scarcity | The Guardian Nigeria News - Nigeria and World NewsScores of customers of banks, on Friday, took to major streets in Ibadan, the Oyo State capital, to protest the scarcity of new naira notes, which has been a subject of discussion across major towns and cities in Nigeria.
Read more »
Labour chides Federal Government over naira, petrol scarcity | The Guardian Nigeria News - Nigeria and World NewsOrganised labour has come against the Federal Government over the continued scarcity of fuel and naira notes, stating that the informal economy is the worst hit.
Read more »
Residents commend FCTA on streetlight rehabilitation | The Guardian Nigeria News - Nigeria and World NewsAbuja residents have commended the Federal Capital Territory Administration (FCTA) for the rehabilitation of faulty streetlights in major link roads within Abuja.
Read more »
Ugochinyere only seeking attention, says Imo govt | The Guardian Nigeria News - Nigeria and World NewsImo State government, yesterday, declared that the self-acclaimed spokesman of Conference of United Political Parties (CUPP), Ikenga Ugochinyere, has, once more, shot himself in the foot during a media briefing in Abuja, on Wednesday, by lying and confirming that he is unfit to occupy public office, particularly, representing Ideato Federal Constituency in the National Assembly.
Read more »
Pentagon tracking Chinese spy balloon over US | The Guardian Nigeria News - Nigeria and World NewsThe Pentagon said Thursday it was tracking a Chinese spy balloon flying high over the United States, just days ahead of a rare visit to Beijing by the top US diplomat.
Read more »
Gates Foundation partners Rotary on health | The Guardian Nigeria News - Nigeria and World NewsBill & Melinda Gates Foundation, in partnership with Rotary International, has organised the second leg of Rotary Family Health Days (RFHA) for the Rotary year to cover the 36 states and Federal Capital Territory, Abuja from February 2 to 4, 2023.
Read more »