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New Naira: I have nothing against CBN – Tinubu

The All Progressives Congress (APC) Presidential Candidate, Asiwaju Bola Tinubu has revealed that he does not have anything against the Central Bank of Nigeria (CBN).Information Guide Nigeria

NEWSDAIRY reports Tinubu said this in a statement on Sunday at the Federal Capital Territory, Abuja.

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The former two-term Lagos state governor said he is only concerned about its disruptive implementation and the hardship the Naira re-design and cashless policy has brought on the generality of Nigerians.

He said: “They have felt the brunt of the combined problems of scarcity of fuel and new Naira notes.

“We feel the pains of our market women and artisans who have experienced low sales because customers do not have cash to make purchases.

“We hear the loud cries of farmers in rural areas and hinterlands who have been forced to sell their produce at much lower prices so they don’t lose out completely.

“We hear every Nigerian dealing with the consequences of the roll-out of the cash swap programme ”Tinubu said.

“We agree with the wisdom of the Council of States as a necessary starting point to begin redressing the unintended consequences of what would have otherwise been a good policy that required mainstream adoption.

“For the records, I and my running mate, Sen. Kashim Shettima, and our campaign council do not have anything against the CBN Naira redesign and cashless policy in principle.

“We are only concerned about its disruptive implementation and the hardship it brought on the generality of Nigerians who currently could not access their hard-earned money and could not meet obligations,” he said.

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Tinubu further said, “We have always overcome our most difficult times and come out better as a people and a nation. This time will not be different. We will make lemonade out of our current lemons.

“We advise the immediate suspension of associated charges on online transactions and bank transfers and payments via POS until the current crisis is fully resolved.

“This cost should be considered a roll-out expense by the CBN to incentivise the envisaged shift to alternative transaction channels for both the financial services consuming public and those in charge of implementing the scale-up programme.”NYSC portal

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He said the CBN should also mobilise all money deposit banks, payment platforms to show clear commitment and timelines on expanding their infrastructure and support services.

“The CBN, National Orientation Agency (NOA) and Ministry of Information, State and Local Governments.

“With their relevant organs in both the public and private sectors should commence a major public enlightenment and sensitisation campaign.”

Tinubu also said, “As leaders, our commitment to our country everyday must be on how to make life better for our people, and we are called upon not to waste the opportunity.

“Our task now is to restore hope in the country by implementing these steps to energise our people that we can do big things for a better future and shared prosperity.

“We can build upon this citizen-focused policy challenge to offer a template on how governance should work for the people.”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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