The World Bank Country Office in Nigeria has disclosed that the persistent fuel scarcity and the inability of Nigerians to access the new naira notes may influence uncertainty ahead of the February 25 and March 10 elections in the country.
According to the bank, the deadline for old notes will socially and economically affect vulnerable people in the country.
Earlier, the Central Bank of Nigeria, (CBN), announced February 10 as the deadline for the exchange of old notes.
The bank projected that Nigeria would not be able to attain a quick increase in digital payment to enhance the shortages of new notes across the country within the stipulated deadline.
It further disclosed that 45 percent of Nigerian adults had a bank account, 34 percent paid or receive money digitally over the past year, and nine percent made an in-store payment by digital means.
