BREAKING: Osinbajo finally speaks on Naira Cash Crunch, reveals next line of Action

BREAKING: Osinbajo finally speaks on Naira Cash Crunch, reveals next line of Action via politicsngr

Worried by the difficulty experienced by Nigerians in getting the new naira notes, Vice President Yemi Osinbajo, SAN today met with some players in the FinTech space, exploring possible ways of mitigating the hardship.

“Parents with kids in public schools give money daily to their children for lunch, most commerce is informal, so you need cash for most things,” Prof. Osinbajo pointed out. The VP spoke just as the President in a meeting with some All Progressives Congress governors at the Presidential Villa, assured the nation that the challenges are being addressed and would be solved very soon.

He also observed that while there has always been a certain failure rate in online banking and money transactions, they have become even more difficult now with the increase in the number of transactions congesting the system.

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