NewsCash Scarcity: Bayelsa Govt Appeals For Calm

Cash Scarcity: Bayelsa Govt Appeals For Calm

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March 11, (THEWILL) – Bayelsa State Government has said it understands the pains of residents of the state following the implementation of the Central Bank of Nigeria (CBN) naira redesign policy, urging residents to be calm and not engage in acts that could jeopardize the peace of the state.

According to a press statement signed by the State Commissioner for Information, Orientation and Strategy, Hon Ayibaina Duba, the Government notes that on March 3, the Supreme Court ruled that the old notes, which had been phased out by the CBN, remain legal tender till December 31 this year.

While the State Government is not against the naira redesign policy of the CBN or the Federal Government, it is, however, not comfortable with the method of its implementation that has resulted in further hardship for the people of the state and indeed, the country.

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The Government, therefore, urges business operators in the state, particularly banks, traders and tricycle riders to take into consideration the Supreme Court ruling in order to reduce the pains of the people of the state.

The Government also called on the CBN to take immediate steps to ease the burden of doing business in the state by making the implementation of the policy less cumbersome.

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