New Naira: 13 Political parties threaten to pull out of elections

Thirteen registered political parties in Nigeria have threatened to withdraw from the 2023 general elections over the naira redesign policy of the Central Bank of Nigeria (CBN).Information Guide Nigeria

The parties say they will withdraw from the election if the CBN extends the February 10 deadline.

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ICIR reports that the banks commended President Muhammadu Buhari on the redesign of the N200, N500 and N1,000 banknotes adding that the policy must stand.

Speaking at a press briefing organised by a coalition of chairmen of political parties on Monday, the national chairman of the Action Alliance (AA), Kenneth Udeze, said “We hereby announce that at least 13 out of the 18 political parties in Nigeria will not be interested in the 2023 general elections and indeed we shall withdraw our participation from the electoral process if this currency policy are suspended or cancelled or if the deadline is further shifted.”NYSC portal

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ICIR reports that the presidential candidate of the Accord Party, Christopher Imumolen described the naira redesign as a good policy which is wrongly implemented.

ICIR had earlier reported that the policy had generated reactions from different presidential candidates.

It could be recalled that the presidential candidate of the Peoples Democratic Party (PDP) Atiku Abubakar urged Nigerians to channel frustrations over the scarcity of naira and fuel in the country to vote out the ruling All Progressives Congress (APC).

However, President Buhari on Friday, after a meeting with some APC governors, pleaded with Nigerians for seven days to resolve issues surrounding the naira redesign policy.JAMB Result

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