President Muhammadu Buhari has listed factors against the general circulation of the new naira notes.
Nigerians are facing difficulties in transacting business, particularly in the informal sector.
An effect of the cashless policy of the Central Bank of Nigeria, CBN, cash has not been easy to come by.
The problem is compounded by inadequate internet infrastructure affecting conducting transaction online.
On that score, governors elected on the platform of the All Progressive Congress, APC, under the umbrella Progressive Governor’s Forum met with Buhari on Friday at the Villa to seek solution to the cash crunch, and stem the tide of public distress.
By the account of the President’s spokesman, Garba Shehu, in a statement he released about what transpired at the meeting, his principal attributed the crisis to greed, selfishness and alleged inefficiency on the part of some banks.
“Some banks are inefficient and only concerned about themselves”, adding, “even if a year is added, problems associated with selfishness and greed won’t go away,” Buhari reportedly told the governors.
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