Northern leaders have asked the Central Bank of Nigeria (CBN) Governor, Godwin Emeifele, to extend the deadline of the expiration of the old naira notes as legal tender in the country, following the hardship Nigerians have been subjected to, in getting the new notes to transact businesses and meeting domestic economic needs.The Arewa Consultative Forum (ACF) and Arewa Youths for Development and National Unity (AYDNU) have opposed the timeline given by the CBN on the new naira notes, urging the apex bank to extend the deadline by 60 days.
Northern leaders have asked the Central Bank of Nigeria Governor, Godwin Emeifele, to extend the deadline of the expiration of the old naira notes as legal tender in the country, following the hardship Nigerians have been subjected to, in getting the new notes to transact businesses and meeting domestic economic needs.
He continued: “We strongly believe that ordinary people, especially in the North, will lose their hard-earned moneys through no fault of theirs. Government must be sensitive to the plight of the citizens to safeguard their interests in all areas.” Besides, AYDNU National Coordinator, Hamza Mohammed Haruna, who addressed a press conference at the Arewa House, said: “You are all aware of the untold hardship the insensitive monetary policy of the CBN under the watch of the deeply partisan governor, Godwin Emefiele has caused since it received the approval of the Federal Government last year for naira redesigning.”
“Our nation, sadly, suffers considerable deficit in banking infrastructure. As a result, there is a large population of fellow compatriots in the North and especially in rural areas operating outside the banking system, who are likely to be broken by this harsh unrealistic and unworkable policy”. “We are of the opinion that the difficulty in accessing the new currency notes and the intransigence of the CBN governor to the deadline despite entreaties from eminent citizens and leaders of thought, among whom is His Eminence, the Sultan of Sokoto, Alhaji Muhammadu Sa’ad Abubakar, is deliberate and meant to inflict damaging economic injuries on majority of Nigerians, especially those in rural Nigeria, who form 70 to 75 percent of the populace.
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