Minister of Information and National Orientation, Mohammed Idris, has made it known that the federal government has plans to produce new naira notes in earnest to arrest the prevailing cash crunch.
Idris revealed the plan at a press conference in Abuja where he also related purported achievements of the incumbent administration.
“Our government is aware that there is this cry by Nigerians about the scarcity of Naira notes and CBN is already working in that direction.
“New notes and more will be produced and Nigerians will have more Naira to spend. It is not a deliberate policy to stifle Nigerians or to take Naira out of Nigerians during the Godwin Emefiele days as CBN governor).
“That is not the case. It is a process perhaps that the CBN is undertaking that has created a temporary shortfall and we are hoping that as we go into the New Year, we’ll see a more robust supply of the Naira notes,” the minister said.
