As CBN announced its intention to phase out the old 200, 500, and 1000 naira notes, it sent a ripple effect across the country. While it may have served as a deterrent to criminal activities and also as a step in the right direction for the new cashless policy to be issued come 2023, there are a few negatives that Nigerians are currently facing.

Listen to get a concise description of Governor Emefiele's decision on the Nigerian populace and economy.

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