The current naira scarcity, occasioned by the currency swap policy of the Central Bank of Nigeria (CBN), is taking a toll on every Nigerian. To address this situation, the Bank Directors Association of Nigeria (BDAN) has released a statement providing solutions.
BDAN Chairman, Board of Directors, Mustafa Chike-Obi stated that the organization sympathizes with members of the public at this critical juncture.
“We are mindful of the discomfort and hardship associated with the current currency reform which has introduced the newly designed naira notes and reduction in withdrawal limit. It has indeed been a difficult period for Nigerians and BDAN is making it a top priority to ensure that this hardship is not only addressed but eliminated,” he said.
The group said it is in constant communication with all the banks and is assured that they are all doing whatever is within their control to normalize this difficult situation.
“We enjoin the banking public to maintain peace, rest assured that BDAN is taking all reasonable steps to influence the structure and mechanisms that should free up bottlenecks and open channels that will speed up the resolution of the crisis. The Bank Directors Association of Nigeria (BDAN) hopes to count on the public’s patience, understanding, and cooperation,” he said.
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