In recent weeks, many Nigerians have been left without cash to pay for vital items, due to shortages of newly designed naira banknotes.
As a result, violent protests broke out in several areas. In a bid to calm tensions, President Muhammadu Buhari announced that one of the three banknotes being phased out will be reintroduced into circulation.
Nigeria’s Central Bank launched newly designed 200, 500 and 1000 naira bank notes last November, aimed at curbing soaring inflation, cash hoarding and counterfeiting.
Why is there a shortage of naira banknotes and why are Nigerians protesting?
The BBC’s Nkechi Ogbonna explains.
#nairascarcity #nairadeliverystatus #nigeriaelection2023
Filmed by: Hans Fanfon
Edited and produced by: Gloria Achieng
Executive producer: Princess Irede Abumere
Additional research by: Ifiokabasi Ettang
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