NESG urges CBN to extend use of old naira notes

The Nigeria Economic Summit Group (NESG) has advised the Central Bank of Nigeria to reconsider prolonging the usage of the old notes side-by-side with the newly redesigned notes.

In its report titled “Naira Redesign Policy: Caught in the Web”, the group also advised the CBN to expedite the printing of new notes, intensify public sensitization and strengthen digital infrastructure.

NESG’s intervention comes against the backdrop of the cash crunch and hardship being faced by Nigerians in recent weeks.