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Title: World Bank Urges Nigeria to Restore Public Trust Through Better Service Delivery

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The World Bank has issued a compelling call to action for Nigeria and other Sub-Saharan African nations, urging governments to focus on rebuilding public trust by improving essential service delivery. This was highlighted in its 2025 Country Policy and Institutional Assessment (CPIA) report released earlier this month. According to the report, many African citizens have grown increasingly disillusioned with their governments due to poor access to vital services such as education, healthcare, electricity, water supply, and public administration. In Nigeria, these failures are especially visible in underfunded schools, overcrowded hospitals, and unreliable infrastructure. The World Bank noted that while some African countries are making progress in macroeconomic management and social inclusion, the biggest setback remains weak governance. The lack of transparency, inefficiency in public institutions, and a slow response to citizens’ needs have worsened the trust gap between government...
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BREAKING: CBN Extends Deadline For Use Of Old Naira Notes

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The Central Bank of Nigeria, CBN, on Sunday extended the deadline for the exchange of old naira notes.

Godwin Emefiele, the CBN governor, who spoke to journalists on Sunday morning 29th of January, said he had the approval of President Muhammadu Buhari for the extension.

In a press statement issued on Sunday, Emefiele said the new deadline is now February 10, 2023.

However, Nigerians will still be able to deposit their old notes directly with the CBN until February 17, 2023 described as “grace period”.

Nigerians had been complaining about the inability to swap their old notes for the new designs as the January 31 deadline loomed.

Although banks are working through the weekend to swap the notes, there are widespread complaints about scarcity, with people in the rural areas the most hit.

The CBN previously said it would not extend the deadline.

However, Emefiele said on Sunday that as a result of measures put in place to ease the scarcity, President Muhammadu Buhari has given approval for the extension of deadline.

He said: “Based on the foregoing, we have sought and obtained Mr President’s approval for the following: a 10-day extension of the deadline from January 31, 2023, to February 10, 2023; to allow for collection of more old notes legitimately held by  Nigerians and  achieve more success in cash swap in our rural communities after which all old notes outside the CBN loses their Legal Tender Status. Our CBN staff currently on mass mobilization and monitoring together with officials of the EFCC and ICPC will work together to achieve these objectives.

“A 7-day grace period, beginning on February 10 to February 17, 2023, in compliance with Sections 20(3) and 22 of the CBN Act, allowing Nigerians to deposit their old notes at the CBN after the February deadline when the old currency would have lost its Legal Tender status.”

The naira redesign is believed to be targeted at stopping vote buying in the 2023 general election scheduled for February 25 and March 11.

However, the new notes have been scarce, thus leading to calls for an extension.

Mr Emefiele did not elaborate on what the central bank was doing to resolve the scarcity of the new notes.

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