January 28, 2023

Naira Redesign: Extend deadline or many Northerners lose their money – ACF

By Ibrahim Hassan, Kaduna 

The Arewa Consultative Forum (ACF) has called on the Federal Government and the Central Bank of Nigeria(CBN) to extend the deadline of the new Naira redesign policy so that many Northerners in the rural areas may not lose their money.

 A statement made available to journalists by the Secretary General of the ACF, Murtala Aliyu stated that “as the deadline for the exchange expires this coming Tuesday, we are afraid that majority of our people in the rural areas are unable to change their old currencies for the new ones, this is because even in the urban centers, the new notes are scarce.”

 “Also where the CBN made some arrangements to facilitate such, the exercise is being challenged by numerous factors, such as lack of adequate access to bank services on the part of the people, cumbersome exchange procedure, etc. This has subjected innocent people to hardships, uncertainty and anxiety.”

According to the ACF, ‘we are of the strong belief that ordinary people especially in the North will lose their hard earned money  through no fault of theirs. Government must be sensitive to the plight of the citizens to safeguard their interests in all areas.”

“Insinuations by some political actors that the exercise is designed deliberately to fail, or cause chaos to sabotage the ongoing democratic process should not be allowed to be proven. Persons who lose their wealth through uncoordinated Government policy or actions are likely to assume they have been let down by the said Government.”

While  appreciating  the efforts by the National Assembly to intervene, “ACF strongly calls on the President and the CBN to as a matter of urgency extend the expiration date of the exercise and improve on the arrangements so as to accommodate everyone with genuine cases.”