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<\/p>\nNaira Swap policy: Tinubu Salutes Nigerian Governors over Supreme Court ruling<\/p>\n
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Zainab Tanimu<\/p>\n
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Kaduna, Northwest<\/p>\n
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All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has hailed the Governors of the 36 states for standing on the side of the Nigerian people over the Central Bank new Naira and cashless policies that have subjected the masses to pains.<\/p>\n
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In a statement dated 8th February, 2023, signed by Director, Media & Publicity,\u00a0 APC Presidential Campaign Council, Bayo Onanuga and made available to newsmen,<\/p>\n
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“According to Asiwaju Tinubu, the Governors especially the APC Governors who instituted the suit against the CBN and Federal Government at the Supreme Court acted well on behalf of the hapless Nigerians who have been made to bear the brunt of Naira redesign policy that has been poorly implemented<\/p>\n
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Following the apex court’s ruling on suit brought before it by the governments of Zamfara, Kogi and Kaduna States which it gave an interim injunction against the CBN and Federal Government,\u00a0 allowing the old N200, N500 and N1000 to remain legal tender beyond February 10 deadline;<\/p>\n
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Asiwaju noted that the governors\u00a0 have saved the country from\u00a0 a needless political and economic crises and miseries which have clearly become the unintended consequences of the monetary policy of the apex bank.<\/p>\n
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The Supreme Court ruling he said coincided with the advisory of the International Monetary Fund urging for the extension of the deadline for the swap of the old naira notes, going by the problems being experienced across the country in getting the new notes.<\/p>\n
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“I want to salute the courage of our Governors and most especially the Progressives Governors in APC who acted to save our country from avoidable and dangerous political crises and social unrest which the Central Bank policy on new Naira notes has brought on our country.<\/p>\n
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\u201cOur country was dangerously careering toward anarchy and political and economic shutdown.\u00a0 But with the Supreme Court interim ruling our country has been pulled back from the precipice. We thank our Supreme Court Justices for ruling wisely on the side of the people who have been subjected to undue agony and pains since this policy was announced.<\/p>\n
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“The Federal Government and relevant stakeholders can now sit down and work out better framework on how to proceed with the new policy without causing any social and economic disruption and inconvenience to our people. We have examples of other countries that have successfully and seamlessly changed their currencies to learn from.<\/p>\n
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\u201cThose countries give a long time, at least 12 months to effect the currency change. They do not engage in CBN-like Fire Brigade approach.<\/p>\n
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“We have seen how a good policy can be poorly implemented to cause unintended problems for the people who should be the beneficiaries. While lessons have been learnt, we must now move on as a country and people with a Renewed Hope for a better tomorrow.<\/p>\n
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\u201cThe sole aim of my running to be the president of our country is to make life better and more abundant for our people and this is an ideal for which I will remain eternally committed to.”<\/p>\n
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Asiwaju Tinubu called on the CBN to ensure that the Supreme Court ruling is effectively executed by taking all necessary steps to (i) ensure sufficient availability of Naira notes (whether old or new) and (ii) properly sensitising the public on the ruling and the consequent validity of old Naira.<\/p>\n
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Naira Swap policy: Tinubu Salutes Nigerian Governors over Supreme Court ruling Zainab Tanimu Kaduna, Northwest All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has hailed the Governors of the 36 states for standing on the side of the Nigerian people over the Central Bank new Naira and cashless policies that have subjected the masses […]<\/p>\n","protected":false},"author":5,"featured_media":14774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[7],"tags":[],"class_list":["post-14771","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-world-news"],"yoast_head":"\n