New Naira: We didn't see these challenges coming – CBN admits

Recall that angry Nigerians have been staging protests and attacking banks across the country amid difficulties in accessing their cash to carry out regular transactions.

Reacting to the development, a CBN Deputy Governor, Folashodun Shonubi, while speaking at the 22nd fellowship conferment lecture and ceremony organised by the Nigerian Society of Engineers in Abuja, acknowledged that there was an oversight.

The lecture held on Thursday, February 9, 2023, was titled, ‘The intricacies of the naira redesign and its benefit to Nigerians.’