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Naira scarcity ‘ll ease in new year, says Minister

Naira depreciated by 10% in 2022 – World Bank

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The Federal Government on Thursday gave Nigerians assurance  that the naira note scarcity  will ease in the coming year.
The Minister of Information and National Orientation, Mohammed Idris also said it was not deliberate like the case in the last administration.
Idris who briefed the media on the achievement of the Bola Tinubu Administration also assured Nigerians that the Central Bank of Nigeria is doing everything possible to address the situation.
The Minister said, ” About naira scarcity, our government is aware that there is this cry by Nigerians about the scarcity of Naira notes and CBN is already working in that direction. New notes and more will be produced and Nigerians will have more Naira to spend. It is not a deliberate policy to stifle Nigerians or to take Naira out of Nigerians during the Godwin Emefiele days. That is not the case. It is a process perhaps that the CBN is undertaking that has created temporary shortfall and we are hoping that as we go into the new year, we’ll see a more robust supply of the naira nodes.”

 

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