Zainab Ahmed,Minister of Finance, Budget and National Planning, has revealed that President, Muhammadu Buhari and the Federal Government share in the pain Nigerians are going through in accessing the redesigned naira notes ,adding that it was a temporary stress which will fizzle out in no time.
Ahmed who was featured at the 65th State House briefings coordinated by the Presidential Media Team on Thursday, likened the current situation being experienced by Nigerians to a patient having a wound or deep sore but must submit to excruciating pain while undergoing treatments.
She noted that the government is, however, pleased that sizeable old funds have been mopped back into the banking system, which will in turn give the regulatory agencies control over the nation’s currencies.
Responding to the question on whether the government is actually worried over the development in the financial sector, she said,” Of course we are worried, we are not happy that citizens have to queue and struggle to get their cash but this is a temporary situation.
“Let me give you an analogy, this situation can be compared to a patient having a sore and while treating the sore, you must apply some iodine or spirit which is usually very painful
” Mr President is not happy that citizens are suffering but come the closing date which the Central Bank of Nigeria has given, it will not all be over as a window still exists for people to return their old notes.
“There is also the positive side to it, which is that a lot of currency has been mopped up back into the system”,She added.
(DailyPost)
