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CBN policy disastrous – Catholic Bishops to Buhari govt

The President Catholic Bishops Conference of Nigeria (CBCN), Most Rev. Lucius Ugorji on Sunday called on the Federal Government of Nigeria to review the new cash policy.Information Guide Nigeria

According to DAILY POST, Ugorji said this at the opening of the 2023 First Plenary of CBCN which was held at the Catholic Secretariat in Abuja.


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Speaking on the theme: ‘Citizens’ participation in good governance in Nigeria’, Ugorji said;

“Our collapsing national economy worsens the ugly situation. While the value of the Naira continues to decline, the cost of basic commodities, including food items, continues to soar, with serious effects on the lives and livelihoods of our people.NYSC portal

“The disastrous implementation of the Central Bank of Nigeria’s (CBN) cash swap policy, which resulted in a cash crunch, has added to the ordeal, anger, and frustration of the masses.”

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He advised politicians to stop engaging in the buying and selling of votes, threats, intimidation and violence ahead of the general elections.

Ugorji said, “The elections, if well conducted, can be a turning point in our political and economic history.

”We, therefore, urge all to play their roles maturely and creditably during the period of the general elections,” he added.JAMB Result

 

 

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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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