Residents of Ibadan, Oyo State capital, on Friday, protested the hardship caused by the Naira notes swap and the hike in petrol price.
The Central Bank of Nigeria (CBN), late last year, introduced newly-designed N200, N500, and N1,000 notes and gave January 31 as deadline to phase out the old notes. The deadline was later extended by 10 days following the outcry that greeted the policy.
Despite the extension, the new notes are scarce and Nigerians are finding it difficult to get the old ones.
Also, in several parts of the country, the pump price of petrol has increased, as several people buy the product for N500 per litre. Queues tailing back into major roads have also resurfaced in many places.
The situation forced some residents of the Oyo State capital to take to the streets, asking the authorities to urgently address the situation.
The roads leading to the Iwo area of Ibadan were deserted as the protesters barricaded them. They were also bonfires on the road and reports suggest that a commercial bank was attacked in the process.
“People are fed up and need relief,” one of the protesters, Tayo Adetunji, said.
“The government in power should give us relief,” he added.
He claimed that “the system is no more working in Nigeria. The money that we suffered for to collect it is now a problem.”
The government, he pleaded, should allow Nigerians to continue the usage of the old notes to alleviate the plight of the people.
Another protester identified simply as Taofeek, accused the government of being insensitive to the plight of Nigerians, lamenting the hardships occasioned by the hike in fuel prices and the Naira swap.