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    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    NjiaPay: South African Fintech Startup Reshaping Payment Solutions for African Businesses

    Ghana’s Kofa Secures $8.1M Pre-Series A Funding to Drive Clean Energy Access Across Urban Africa

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Naira Shortage: Gridlock On Lagos-Ibadan Expressway As Protesters Block Road

by Julius Afolalu
February 17, 2023
in Lagos News, Headlines
Reading Time: 1 min read
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Lagos Impounds 60 Vehicles Over Road Traffic Offences
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Vehicular movement on Lagos-Ibadan Expressway is gradually coming to a halt.

The gridlock, which is almost at a stand-still, has spread from the Mowe area of Ogun State inwards the Long Bridge area of Arepo, following protest that broke out on Friday morning over the naira scarcity.

Our correspondent who passed by noticed police presence along the expressway and many vehicles turning back in an attempt to escape the chaos ahead.

A source in Mowe area, who spoke to our correspondent on condition of anonymity, said youths in the area have taken to the road and blocked it in protest

The protesters resisted police intervention and threatened to set the police station in the area ablaze.

It was also earlier reported that fighting erupted in some areas on the popular Lagos-Ikorodu expressway in Lagos State over the scarcity of the new naira notes and the hardship the policy has thrown Nigerians.

On Friday morning, it was gathered that suspected louts in Mile 12, Ketu and Ojota areas on the expressway, took to the road attacking commuters and creating chaos.

On Thursday President Muhammadu Buhari in a national broadcast had said the old N500 and N1,000 notes were no longer legal tender in the country, however extending the validity of the old N200 note for 60 days, till April 10, 2023.

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