ADVERTISEMENT

Chaos in Ibadan as residents protest over naira and fuel crisis

The protest in Ibadan is gradually becoming a full-blown riot as 'protesters' have reportedly vandalised a bank in the gate area of the state.

Chaos in Ibadan as residents protest over naira and fuel crisis.

The protest which reportedly started around the state secretariat and the government house has spread to Iwo road, Gate, and other busy areas in the city.

Commercial activities have been grounded in the state as protesters block major roads to express their frustration with the cashless policy of the Central Bank of Nigeria, which has unleashed hardship on Nigerians.

Recall that in October 2022, the CBN Governor, Godwin Emefiele announced the plan to redesign N200, N500, and N1,000 notes.

ADVERTISEMENT

He asked Nigerians to deposit their old notes because the old denomination would cease to be legal tender by January 31, 2023.

Despite shifting the deadline to February 10, 2023, it’s been very difficult for Nigerians to exchange their old naira notes with new ones as banks fail to dispense the redesigned naira notes.

The situation worsens by the day as POS operators and currency racketeers trade with redesigned naira notes.

Amid the naira crisis, the increase in the price of fuel has also compounded Nigerians’ plights as petrol price rises from the official N169 per litre to N360.

The protest in Ibadan is gradually becoming a full-blown riot as 'protesters' have vandalised a bank in the gate road area of the state.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Renowned Canada-based Nigerian playwright, Oguntokun is dead

Renowned Canada-based Nigerian playwright, Oguntokun is dead

Kaduna Gov grants scholarship to 137 rescued schoolchildren, son of late teacher

Kaduna Gov grants scholarship to 137 rescued schoolchildren, son of late teacher

Siamese twin gets married while still conjoined with her sister

Siamese twin gets married while still conjoined with her sister

LP BoT kicks out Abure despite convention victory, takes over party affairs

LP BoT kicks out Abure despite convention victory, takes over party affairs

6 Labour Party lawmakers defect to PDP in Enugu State

6 Labour Party lawmakers defect to PDP in Enugu State

Tinubu's special assistant donates food items to 1,700 residents in FCT

Tinubu's special assistant donates food items to 1,700 residents in FCT

Anambra PASAN begins strike over Soludo's failure to grant financial autonomy

Anambra PASAN begins strike over Soludo's failure to grant financial autonomy

Governor Sanwo-Olu pays ₦4.48 billion to 1,455 retirees in accrued pensions

Governor Sanwo-Olu pays ₦4.48 billion to 1,455 retirees in accrued pensions

Court discharges ex-AGF Adoke, 6 others in Malabu oil scam case

Court discharges ex-AGF Adoke, 6 others in Malabu oil scam case

Pulse Sports

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

Nigeria vs Mali: Has Finidi George done enough to land Super Eagles job permanently?

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

I want to emulate Keshi and win the AFCON - Finidi George shares ambitious Super Eagles dream

Michelle Alozie: I had to do it because of African referees

Michelle Alozie: I had to do it because of African referees

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

AC Milan star reveals he was named after Super Eagles legend Tijani Babangida

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Give him the job! Super Eagles fans beg NFF to make Finidi George permanent coach after Nigeria's win over Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

Super Eagles 2-1 Black Stars: Nigerians praise Iwobi, Lookman, Finidi George after friendly victory against Ghana

ADVERTISEMENT
ADVERTISEMENT