Protest, destruction rock Nigeria over scarcity of petrol, naira notes

There is a growing protest spreading accross Nigeria over the scarcity of petrol and the naira notes.

Nigerians are left frustrated over the current social-economic crisis rocking the country.

There is protest in Lagos, Ibadan, Benin, Delta, Ekiti, and Enugu. The protest has continued and it is getting bigger and spreading wide to other states.

Also, frustrated Nigerians stormed different banks branch in their vicinity to destroy properties over the failure to withdraw their money.

In October 2022, Godwin Emefiele, governor of the Central Bank of Nigeria (CBN), announced the plan to redesign the N200, N500, and N1,000 notes, and asked Nigerians to deposit their old notes before January 31, 2023 when they would cease to be legal tender.

Although the deadline was extended to February 10, many Nigerians have found it difficult to obtain the new naira notes.

Before the cash shortage, Nigerians have been dealing with months-long petrol scarcity across the country with the product now being sold for as high as N1,000 per litre in some states.

Faced with cash and petrol scarcity, Nigerians have taken to the streets in some states to protest their experiences at queues in banks and petrol stations.