Naira Scarcity Protest: Sanwo-Olu Pleads for Calm, Says No Need for Violence

Lagos State Governor, Babajide Sanwo-Olu has expressed concern over protests in some parts of the state this morning, as a result of the currency redesign and swap policy of the Central Bank of Nigeria’s (CBN).

The governor, in a statement issued by the Commissioner of Information and Strategy, Gbenga Omotoso, said that there is no need for violence as the Supreme Court is already looking into the matter.

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Recall JournalNG reported that protests broke out in the early hours of Friday, crippling commercial activities in some parts of the state.

Major roads in areas such as Ikorodu, Iyana Iba, Agege, Ketu, Mile 12, Ojota, Epe and others were blocked with bonfires, as group of aggrieved persons protested the hardship the policy has brought them.

The development left passengers stranded and motorists scampering for safety, while pupils and students also had to go back home as a result of the pandemonium.

Normalcy has been restored in some of the areas following the deployment of anti-riot policemen.

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Sanwo-Olu has however, reiterated the need for residents to stay calm and remain law-abiding, by shunning any form of incitement by mischief makers.

The statement further read: “The protesters are said to be angry over the Naira redesign and its consequent scarcity that has caused so much hardship and confusion among our people.

“Governor Babajide Sanwo-Olu believes there is no need for violence as the Supreme Court is looking into this controversial matter and will make its position known on February 22.

“Lagos State has since joined the legal dispute – all in the interest of our people – in the belief that the highest court in the land has the capacity to adjudicate on the matter.

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“The fuel situation is easing following some steps taken by the government.

“The government praises Lagosians for showing understanding, despite the pains that the Federal Government’s measures have brought.

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“Residents should continue to be law-abiding by shunning any form of incitement by mischief makers. Mr. Governor is working with his colleagues to ensure that this hardship does not go on”.

Ismail Aniemu

Ismail Aniemu, Publisher of JournalNG and ghost writer, is a maritime journalist of over two decades' of practice with multidisciplinary background. He holds a masters degree in Transport Management from Ladoke Akintola University of Technology(LAUTECH) with bias for logistics. He is also an alumnus of the Times Journalism Institute where he obtained a post graduate diploma in Journalism. Email:

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