February 15, 2023

Elections: Cash swap policy affecting APC rating – Gov Akeredolu

Elections: Cash swap policy affecting APC rating – Akeredolu

Governor Rotimi Akeredolu

Ondo State Governor Oluwarotimi Akeredolu has said the cash swap policy of the Central Bank of Nigeria (CBN) is affecting the rating of the ruling All Progressives Congress (APC) nationwide.

The Governor therefore appealed President Muhammadu Buhari to direct the CBN to reverse the policy.

Governor Akeredolu said problems created by the naira and fuel scarcities have affected the ratings of the ruling All Progressives Congress (APC) nationwide.

The Ondo Governor, who spoke in Akure while receiving members of the Youth Directorate of the All Progressive Congress (APC) Presidential Campaign Council (PCC) led by Seyi Tinubu, advised the new and old notes should be allowed to co-exist.

Akeredolu noted that the old notes seem to have ceased to be legal tender in the country despite an existing court injunction,

Akeredolu, who faulted the timing of the policy, said it was ill-timed and must be reversed.

According to him: ”We have a problem we are facing in this country today. Our rating as a party is not that favorable. Let’s not deceive ourselves. Must it be now that we will have this financial policy?

“How? Fuel and everything? Things are not easy. This policy is not right at this time. It should be reversed. Reserve it and tell CBN that we are reversing it. Let old and new notes co-exist.

“Okada, taxis , banks are not taking old notes again. There is an injunction and everyone is behaving like there is no injunction. We have said that this man (CBN Governor) should be removed when he contested to be President. The man is not fit for that position. A man who attempted to be President will frustrate us at this time.”

Akeredolu also hailed Seyi Tinubu and his team for embarking on rigorous campaign for the success of the party.

He said the youths would determine the outcome of next week’s Presidential election.

“Your demographic shows that you occupy a larger percentage. You are the ones that will talk to yourself.” He said.

“We didn’t waver when we said that the Presidency must come to the South. And when it got to the south, we didn’t waver when we said competence and track record are important. Our choice of Asiwaju was premised on informed decision not because we are from the same tribe,” Akeredolu said.