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This
was disclosed in a statement issued in Abuja on Wednesday by the
Director of Media and Publicity for APC Presidential Campaign Council,
Bayo Onanuga
.jpg) The presidential candidate of All Progressives Congress, Bola
Tinubu has commended governors from his party for securing a temporary
order stopping the Central Bank of Nigeria's February 10 deadline for
swapping of old notes.
Tinubu spoke in a statement issued in Abuja on Wednesday by the
Director of Media and Publicity for APC Presidential Campaign Council,
Bayo Onanug
The development is coming hours after the Supreme Court temporarily
halted the move by the Federal Government to ban the use of the old
naira notes from February 10, 2023.
A seven-member panel led by Justice John Okoro had granted an
interim injunction against the CBN and Federal Government, allowing the
old N200, N500 and N1000 to remain legal tender beyond February 10
deadline until the case is fully disposed.
An excited Tinubu disclosed that the governors, especially the ones
governing the APC states who instituted the suit against the FG and CBN
at the Supreme Court, acted well on behalf of the hapless Nigerian
masses who have been made to bear the brunt of Naira redesign policy.
According to the APC candidate, the apex court ruling coincided
with the advisory of the International Monetary Fund urging for the
extension of the deadline for the swap of the old naira notes.
He said, “I want to salute the courage of our governors,
especially the Progressives Governors in APC, who acted to save our
country from avoidable and dangerous political crises and social unrest,
which the Central Bank policy on new Naira notes has brought on our
country.
“Our country was dangerously careering toward anarchy and
political and economic shutdown. But with the Supreme Court interim
ruling our country has been pulled back from the precipice. We thank our
Supreme Court Justices for ruling wisely on the side of the people who
have been subjected to undue agony and pain since this policy was
announced
“The Federal Government and relevant stakeholders can now sit
down and work out better framework on how to proceed with the new policy
without causing any social and economic disruption and inconvenience to
our people. We have examples of other countries that have successfully
and seamlessly changed their currencies to learn from.
“Those countries give a long time, at least 12 months to effect
the currency change. They do not engage in a CBN-like Fire Brigade
approach. We have seen how a good policy can be poorly implemented to
cause unintended problems for the people who should be the
beneficiaries. While lessons have been learnt, we must now move on as a
country and people with a Renewed Hope for a better tomorrow.
“The sole aim of my running to be the president of our country
is to make life better and more abundant for our people and this is an
ideal for which I will remain eternally committed to.”
The APC presidential candidate further called on the CBN to ensure
that the Supreme Court ruling is effectively executed by taking all
necessary steps to ensure sufficient availability of the Naira (whether
old or new) and properly sensitising the public on the ruling including
the consequent validity of old notes.
The presidential candidate of All Progressives Congress, Asiwaju
Bola Tinubu, has hailed governors in the 36 states of the federation for
defending the masses over the controversial Central Bank Naira redesign
and cashless policies.
This was disclosed in a statement issued in Abuja on Wednesday by
the Director of Media and Publicity for APC Presidential Campaign
Council, Bayo Onanuga
The development is coming hours after the Supreme Court temporarily
halted the move by the Federal Government to ban the use of the old
naira notes from February 10, 2023.
A seven-member panel led by Justice John Okoro had granted an
interim injunction against the CBN and Federal Government, allowing the
old N200, N500 and N1000 to remain legal tender beyond February 10
deadline until the case is fully disposed.
An excited Tinubu disclosed that the governors, especially the ones
governing the APC states who instituted the suit against the FG and CBN
at the Supreme Court, acted well on behalf of the hapless Nigerian
masses who have been made to bear the brunt of Naira redesign policy According to the APC candidate, the apex court ruling coincided
with the advisory of the International Monetary Fund urging for the
extension of the deadline for the swap of the old naira notes.
He said, “I want to salute the courage of our governors,
especially the Progressives Governors in APC, who acted to save our
country from avoidable and dangerous political crises and social unrest,
which the Central Bank policy on new Naira notes has brought on our
country.
“Our country was dangerously careering toward anarchy and
political and economic shutdown. But with the Supreme Court interim
ruling our country has been pulled back from the precipice. We thank our
Supreme Court Justices for ruling wisely on the side of the people who
have been subjected to undue agony and pains since this policy was
announced.
“The Federal Government and relevant stakeholders can now sit
down and work out better framework on how to proceed with the new policy
without causing any social and economic disruption and inconvenience to
our people. We have examples of other countries that have successfully
and seamlessly changed their currencies to learn from.
“Those countries give a long time, at least 12 months to effect
the currency change. They do not engage in a CBN-like Fire Brigade
approach. We have seen how a good policy can be poorly implemented to
cause unintended problems for the people who should be the
beneficiaries. While lessons have been learnt, we must now move on as a
country and people with a Renewed Hope for a better tomorrow.
“The sole aim of my running to be the president of our country
is to make life better and more abundant for our people and this is an
ideal for which I will remain eternally committed to.”
The APC presidential candidate further called on the CBN to ensure
that the Supreme Court ruling is effectively executed by taking all
necessary steps to ensure sufficient availability of the Naira (whether
old or new) and properly sensitising the public on the ruling including
the consequent validity of old notes. |
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