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The Bayelsa State government has urged residents to be calm and not engage in acts that could jeopardize the peace of the state, stressing that it empathises with them over the pains and agony they have borne over the implementation of the Central Bank of Nigeria (CBN) naira redesign policy, against the background of the recent Supreme Court judgement on the old N200, N500 and N1000 currency notes.
In a statement, Bayelsa State Commissioner for Information, Orientation and Strategy, Hon. Ayibaina Duba, the government while noting that it was not against the naira redesign policy of the CBN or the federal government, however, stressed that it was not comfortable with the method of its implementation, which has resulted in further hardship on people of the state and, indeed, the country.
The government, therefore, urged business operators in the state, particularly banks, traders and keke (tricycle) to take into consideration the Supreme Court ruling on March 3, in order to reduce the pains of people of the state. The apex court in its judgement explicitly declared that the old 200, 500, and 1000 notes, which had been phased out by the CBN, remain legal tender till December 31 this year,
The Bayelsa State government called on the CBN to take immediate steps to ease the burden of doing business in the state by making implementation of the policy less cumbersome.
