After enduring a year of petrol scarcity, citizens’ inability to access cash for day-to-day living is mounting pressure on many households. With another deadline approaching this weekend, many are still unable to access money in the banks to buy basic things and meet up with business demands.
• ASCSN: More workers to sit at home over intolerable fares• ‘Economy has disenfranchised MSMEs’• Protest playing into hands of those seeking election shift, NLC president warns• House may reconvene before February 25 elections over cash crunch, says Gbajabiamila• Afenifere: Buhari’s seven-day request to resolve currency crisis too long
Expected this week is a nationwide protest from concerned citizens under the auspices of the Network of Civil Societies for Economic Sustainability . Convener of NCSES, Mohammed Shuaibu, stressed that Nigerians were suffocating as a result of the fuel and naira scarcity. He said what was required from government was to fix the refineries and also allow an enabling environment for other key actors to build refineries. A visit by The Guardian to some banks in Lagos, over the weekend, showed that they were still not compliant with CBN’s directive of making cash available to citizens.
According to him, the economy thrives when consumer spending is enabled, while Micro, Small and Medium-sized Enterprises thrive significantly on cash transactions. They stated these, on Saturday, during the emergency meeting of the Alliance on Surviving COVID-19 and Beyond on currency notes and fuel crises, which was held virtually.
“If care is not taken, anarchy is likely to occur. This is the reason we have called this meeting. Seems there is an orchestration to plunge the country into crisis. Pockets of protests are already ongoing across the country. Something needs to be done fast. We will address a press conference on Monday and the day of action for Wednesday.”
“It was until I issued the threat of warrant of arrest before he came, and I would’ve signed that warrant; it would’ve been the first time in the history of National Assembly that a CBN governor would be arrested. I would’ve done it. In a statement signed by the organisation’s National Publicity Secretary, Comrade Jare Ajayi, Afenifere said that the seven days’ request tends to suggest that President Buhari “does not appreciate the enormity and intensity of the pains Nigerians are going through.”
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