'Our monies were confiscated. The cashless policy didn’t work, it was terrible then. I realised that I came to this palace to invoke the spirit of freedom which we are noted for.'
President Bola Tinubu said Thursday that he was certain that the naira redesign policy of his predecessor would not stop Mr Tinubu’s victory in the 2023 presidential election.
However, the new notes were grossly inadequate leading to the scarcity of naira and suffering by millions of Nigerians, particularly the poor citizens, who rely on cash for their daily transactions.Mr Tinubu, after his inauguration on 29 May, suspended the main driver of the policy, Central Bank Governor Godwin Emefiele, who is now under detention and being investigated by security agencies.
The president spoke in separate remarks at the palaces of the Paramount ruler of Ijebuland, Oba Sikiru Adetona, in Ijebu-Ode and Alake of Egbaland, Oba Adedotun Gbadebo, in Abeokuta , during a thank-you visit to the Royal Fathers. “I invoked that spirit twice. The spirit of Baba Emilokan. That’s Baba. Being blunt, being decisive, that’s him, he will tell you. The second spirit is that money or no money ,” he said.
During his visit to Abeokuta, President Tinubu thanked the Alake of Egbaland, Adedotun Gbadebo, for receiving him, describing him a great leader. In separate remarks at the palaces of the Paramount ruler of Ijebuland and Alake of Egbaland, Oba Adedotun Gbadebo, in Abeokuta,thanked the President for the visit to the state, describing him as a man of uncommon grace and a living testimony of resilience.
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