Home News Economy Anger, frustration as Nigerians protest over naira note scarcity, petrol supply shortage

Anger, frustration as Nigerians protest over naira note scarcity, petrol supply shortage


Frustration. Indignation. Tears. These words succinctly describe the mood of Nigerians who have been trying to get cash from banks as well as petrol in the past days.

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.

News360 info highlights how the protest is rocking some states.


On Friday, residents of Ibadan, the capital of Oyo state, mounted roadblocks and set up bonfires to protest the tarrying petrol and naira note scarcity.

The protests disrupted vehicular movement resulting in traffic congestion in the capital city.

The unrest ended with Access Bank and Wema Bank branches located in the Dugbe and Queen Cinema areas of the town being attacked.


On Wednesday, irate youths, students, traders, and commuters, took to the streets to protest the difficulty in buying petrol and withdrawing cash.

The demonstration continued on Friday as the protesters barricaded sections of the Warri/Sapele road and other major roads in the Warri metropolis, causing gridlock in the area.




Students of Ekiti State University, on Wednesday, protested the petrol scarcity, which they said has resulted in the hike of transport fare.

They barricaded the Iworoko road around the school campus and also blocked the school gate.


On Wednesday, motorists and tricycle operators in Enugu protested petrol scarcity in the parts of the state.

The enraged protesters reportedly manhandled pump attendants of filling stations and asked them to sell the product at government-approved prices.


Residents of Edo state blocked roads and took to the streets to protest the shortage of naira notes and petrol scarcity.

Things, however, took a different turn at an ATM point, resulting in a clash between students of the University of Benin and soldiers in the state.


Aside from heated exchanges and bitter complaints in banks across Lagos, civil society organisations (CSOs), on Tuesday, protested over the unavailability of cash at ATM points and financial institutions.

Chanting “all we are saying, give us new notes”, the members of the groups stormed the headquarters of banks in parts of Lagos.




Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Exit mobile version