Edo State Governor, Godwin Obaseki, has condemned the planned redesign of naira notes by the Central Bank of Nigeria.
Obaseki termed the plan as a ploy by the ruling All Progressives Congress, APC, to woo voters ahead of the 2023 general elections in Nigeria.
The Governor expressed his view in a statement issued by his media aide, Crusoe Osagie, while commissioning the Edo State Peoples Democratic Party, PDP, Women Campaign Council at the Presidential Campaign Secretariat in Benin City.
Obaseki blasted the Federal Government for the plan, noting that the redesign of the naira should not be the focus at this point as Nigerians are suffering from hunger, poverty, and economic hardship.
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He said, “They say we should all bring our naira and give it to them because they want to change it for us. Is that our priority now? Does changing of currency reduce the price of food in the market? They say they want to change our currency and dollars are going higher every day. We can’t even see dollars again.
“I am an economist and I can tell you categorically that this policy by the CBN and Federal Government has no basis in Nigeria’s economy. There is no reason to do this; the move is purely political as there is no urgency in changing our currency.
“The urgency is on how to get food for our citizens to remove starvation and hunger from the land. The urgency is on how to maintain discipline in our monetary policy so that we can manage our foreign exchange rate because we are import dependent.”
Source: Guardian
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