The Central Bank of Nigeria (CBN),says it is not considering deadline extension for the phasing out of the old Naira notes.
The All Progressives Congress (APC),had earlier asked the apex bank for an extension owing to the scarcity of the redesigned Naira notes.
But,the governor of CBN, Godwin Emefiele, said the bank is not considering an extension of the deadline after the 10-day grace recently approved by President Muhammadu Buhari.
Speaking at a press briefing in Lagos,Emefiele, implored Nigerians to exercise patience noting that the gains of the policy outweigh the initial challenges.
He added:“I want to say unfortunately again, this time, we will not be looking at extension of deadline because we are the central bank and the deposit money banks are doing everything to address the challenges”
He explained that the redesigned naira policy was not targeted at anyone, reemphasising that the policy is aimed at economic benefits.
He also appealed to Nigerians not to allow themselves to be used to frustrate the policy.
He said:“We are doing our work. We are bankers. Those holding protest should not allow themselves to be used”.
He urged Nigerians to exhibit understanding and accept to join queue at the banks
