There is a popular theory that Nigerians are resilient. The CBN naira redesign policy put that famous theory to the test in several ways. People have been stretched in a myriad of directions in the scramble to overcome the scarcity of new naira notes. Banking halls, ATM points, and Point of Sale (POS) stations are packed out with people seeking cash to handle everyday transactions.
Every day over the last couple of weeks has been a nightmare for most Nigerians. Many have struggled to pay for the essentials including food not because they don't have money but simply due to the challenge of accessing funds from the banks.
Banks have been vilified for this reason. Some have even called them 'economic saboteurs'. This perception unfortunately led to attacks on bank branches including arson. Preventable.
