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Reading: BREAKING: Naira Scarcity Protest Spreads To Delta
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Nigeria

BREAKING: Naira Scarcity Protest Spreads To Delta

Friday, residents of Delta State's Uvwie and Warri South Local Government Areas flocked to the streets to protest the lack of naira access. ...

Chima Joseph Ugo
Chima Joseph Ugo - Editor-in-chief February 03, 2023
Updated February 3, 2023 at 3:38 PM
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BREAKING: Naira Scarcity Protest Spreads To Delta
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BREAKING: Naira Scarcity Protest Spreads To Delta

Friday, residents of Delta State's Uvwie and Warri South Local Government Areas flocked to the streets to protest the lack of naira access.

The protest, which broke out a few hours after a heated rally in Ibadan, Oyo state capital, led certain banks to cease activities.

Numerous market women blocked traffic on the NPA Expressway and the Warri-Sapele Road, halting activities there.

The United Bank for Africa and Union Bank in Warri's Main Market were also under siege by the demonstrators.

Traders bemoaned their inability to sell their wares over the past few days while carrying placards and leaves.

As part of the protest, they burnt tyres along the ever-busy highways.

They demanded that commercial banks provide funds so they could conduct their legal activities, rejecting the Central Bank of Nigeria's cashless policy.

As the women protested from the Main Market axis of Warri Sapele Road to Delta Broadcasting Station, which is located at the Edjeba axis of NPA Expressway in Warri South Local Government Area, echoes of "our fish dey spoil o" and "our foods dey rotten" could be heard.

Security personnel made attempts to appease the irate traders, but they were insistent on getting their money from banks.

One of the traders grumbled that she stayed in the shop all of Thursday without making a penny.

“Our children are hungry, we cannot sell, we cannot do transfer, we cannot withdraw our money. I stayed in the shop throughout yesterday and sold nothing. People who want to buy things tried to transfer money but could not,” she said.

In October last year, the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced the plan to redesign the N200, N500, and N1,000 notes, and asked Nigerians to deposit their old notes before January 31, 2023, when they would cease to be legal tender.

Although the deadline has been shifted to February 10, many Nigerians have found it difficult to obtain the new naira notes.

Prime 9ja Online reports that Point of Sales (POS) operators have also unofficially put their charge rate of N5,000 between N500 and N1,000.

Tags: Nigeria

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