Naira Redesign: Powerful Presidential Candidate Fumes, Exposes Enemies of Nigeria

Naira Redesign: Powerful Presidential Candidate Fumes, Exposes Enemies of Nigeria

  • The effects of the naira redesign by the Central Bank of Nigeria led by Godwin Emefiele have elicited reactions from different quarters
  • One such reaction is from the flagbearer of the Action Democratic Party, Yabagi Sani, who faulted the process
  • Sani said no country changes her currency within two weeks, as such a process is allowed to go on seamlessly, and people are not pushed into difficulties

The presidential candidate of the Action Democratic Party (ADP), Yabagi Sani, has condemned the perpetual hardship currently being experienced by many Nigerians across the country.

Speaking on Channels Television's The 2023 Verdict, Sani faulted the naira redesign by the Central Bank of Nigeria.

New naira notes, Godwin Emefiele, Action Dwemocratic Party, Yabani Sani
The presidential candidate of the ADP has condemned the redesign of the naira notes. Photo: Bashir Ahmad
Source: Getty Images

The 2023 presidential candidate warned that the new monetary policy embarked on by the CBN led by Godwin Emefiele is the machinations of those against Nigeria's democratic structure.

Read also

Naira Scarcity: 3 Facts you need to know about current status of old and new notes

He also described those who proposed and implemented the naira redesign as the country's enemies.

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His words:

“It is only the enemies of the state that will introduce this kind of thing so that elections will not take place or when it takes place, it takes place under a situation that you can’t guarantee free, fair and credible election.
“I don’t know which country changes her currency within two weeks. In other climes, you allow the thing to go on and seamlessly, people are not taken into any difficulties. This is completely bad, the timing and everything you want to talk about it.
“You don’t dislocate their businesses when they are battling with poverty, insecurity and you now come and add this draconian law that has no meaning in terms of what you want to achieve.”

Read also

Naira swap: Former lawmaker exposes politicians, explains why some are calling for extension of CBN's deadline

Naira scarcity: CBN Governor Emefiele begs Nigerians for major thing, gives reasons

Nigerians have been urged to remain calm and patient with the transition phase of the new naira notes.

The plea was made by the governor of the Central Bank of Nigeria, Godwin Emefiele, following the challenges being faced by Nigerians in accessing the new naira notes.

Godwin Emefiele said hiccups are always expected in situations like this but would surely be overcome.

Naira swap crisis: APC governors move against CBN, Godwin Emefiele, give reasons

The February 10 deadline given by the Central Bank of Nigeria for swapping old notes for new notes has been rejected.

The CBN deadline was rejected by governors of the ruling All Progressives Congress on Thursday, February 2.

According to the APC governors, the new policy by the CBN has only brought hardship to Nigerians.

Source: Legit.ng

Authors:
Nnenna Ibeh avatar

Nnenna Ibeh Nnenna Ibeh is a journalist with over 10 years of experience with various media organisations including Premium Times. Being on the front burner of reporting politics and the different dimensions of governance, she is also passionate about girls' education and women's and children's health. With degrees in Journalism, Peace Studies & Conflict Res., and Dev. Studies, Nnenna has worked in the dev. sector as a communications officer for the Centre for Democracy and Dev. email: ibehnnenna@gmail.com

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