Nigerians have bemoaned the increasing rate of Naira scarcity in their nation on a variety of social media sites.
About 12 months had passed since Nigerians endured a similar situation in 2022 with the naira scarcity.
Remember that there was a cash shortage until the Supreme Court extended the deadline to December 31, 2023, as a result of the CBN’s Naira redesign strategy, which was put into effect between December 2022 and February 2023.
However, this extension was later revoked at the request of the federal government.
Nigerians are once again facing the challenge of the scarcity of Naira notes as the holidays approaching—Christmas and New Year’s
It was reported that many Automated Teller Machines of Deposit Money Banks in many parts of the country are either not dispensing cash or are witnessing long queues.
This situation has resulted in a nationwide outcry from Nigerians who condemned the situation while also seeking an urgent intervention by the federal government.
