NigeriaDecides2023: Naira Scarcity Hinders Voters From Travelling For Elections
Written by Olarotimi Oshin on February 24, 2023
As the preparation for Saturday’s Presidential and National Assembly elections are in top gear, there are strong indications that the lingering new Naira notes scarcity may affect some Nigerians from exercising their franchise during the polls.
Due to the Naira redesign policy of the Central Bank of Nigeria (CBN) and fuel scarcity ravaging the country, it was gathered that Nigerians who desired to travel for the elections were finding it difficult.
Since the launch of the new naira notes of N1,000, N500, and N200 in December, public access to money has been difficult owing to their scarcity in banks, ATMs and Point of Sales (PoS) terminals across the country.
According to the report by Dailytrust in the Federal Capital Territory (FCT), only a few commuters were seen as they lamented the cash crunch.
At a motor park in Gwagwalada, Emeka Johnson, who was heading for Imo State, said he was travelling for the election despite the naira crisis. It was observed that while some of the transporters accepted payment by transfer, others insisted on collecting cash.