Oluwatobi Oladipupo.

A Chartered accountant, Idowu Otetunbi has condemned the report of Naira scarcity, saying it will affect the economy of the country.

Otetunbi while speaking on the Crest breakfast show yesterday said a quick solution should be provided as online transactions cannot be efficiently used by illiterate people.

The economist charged the Central Bank of Nigeria CBN to maintain checks and balances to monitor the flow of cash transactions across commercial banks.

He stated that local Production is the only way the country can grow its economy against the current reality.