The Central Bank of Nigeria has licensed 400 money agents to facilitate access to the newly redesigned notes in the rural areas.
Former Governor of the state, Chief Clarence Olafemi, who responded on behalf of the Elulu, pleaded with the CBN to consider an extension to the January 31st deadline, particularly for the rural dwellers’ failure if which their economy would collapse.
He said, “Our economy in this part of the state has already collapsed, people are no longer opening their shops, those who manage to open are exploiting the masses. I am pleading with you to prevail on the management to consider the rural dwellers before setting the deadline since the redesigned policy is not aimed at punishing the people.”
Olafemi, who was once Speaker of the State House of Assembly said, “I know a bit about the business of lawmaking; you have to consider consequences before making laws and not the other way round”. He also called for improvement in access to effective communication to the rural areas which he said was also one of the reasons why the notes swapping must be extended.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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