Naira Redesign: APC Senator, Orji Uzor Kalu, Laments Over Cash Crunch

Naira Redesign: APC Senator, Orji Uzor Kalu, Laments Over Cash Crunch

  • Senator Orji Uzor Kalu has joined the long list of APC chieftains opposed to the naira redesign policy of the CBN
  • Kalu, a former governor of Abia state, advised President Muhammadu Buhari to obey the Supreme Court's order on the extension of old naira notes
  • The ranking senator also claimed that the policy had affected him personally and his household in terms of finances

FCT, Abuja - Chief Whip of the Senate, Senator Orji Uzor Kalu, on Monday, February 20, lamented the scarcity of the naira owing to the currency redesign policy of the Central Bank of Nigeria (CBN).

The former governor of Abia state also claimed that his family could not get enough money to cook recently.

PMB and Kalu
Senator Kalu advised President Buhari to obey the Supreme Court's verdict on the new naira notes. Photo credit: @NigeriaGov
Source: Twitter

He told Channels Television:

“You can see the policy is right but I don’t keep money in my house. I am suffering.

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“The other day, my house manager told my wife in Abuja that we have no money to cook food. My wife was virtually roaming around and we feed over 250 people every day. It is a problem to me and to everybody.
“This is why if I am in the position of the Mr President as I have told you before, I will listen to the Supreme Court judgement. Whether they are right or wrong, Mr President should obey the law and ask his Attorney General l to put a review to the Supreme Court.”

He also dismissed insinuations that the cash crunch will affect the All Progressives Congress (APC) chances of winning the presidential election.

Naira redesign: People have wrong perception about CBN policy, says NOA

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“Maybe he’s becoming a weakling”: Peter Obi’s running mate faults Buhari’s stance on old naira deadline

Meanwhile, the National Orientation Agency has revealed that many Nigerians need a better perception of the naira redesign policy of the CBN.

Punch reports that the Director-General NOA, Dr Garba Abari, stated that, amongst other issues, some Nigerians believed that the time allocated for changing new naira notes needed to be increased, and many people could not meet up with the deadline.

Naira redesign: Atiku accuses three APC governors of promoting anarchy

On his part, the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, has accused some serving APC governors of deliberately promoting chaos in their domain a few days before the presidential election.

The PDP presidential candidate specifically accused the ruling party governors of inciting utterances that have sparked riots in their states.

The former vice president called on security agencies to ensure that the governors do not have their way through their recent actions.

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2023 elections: "Naira swap policy, pump price hike deliberate sabotage against APC," Ikedife alleges

Political parties devise strategies to beat cash crunch ahead of presidential election had earlier reported on how the cash crunch across Nigeria is currently affecting some political parties ahead of the presidential election.

While some have decided to make virtual payments regarding election logistics, others say it will affect their planning.

For some others, many working for them are volunteers and would not expect any payment.


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