Nigerian Governor Seeks CBN’s Reversal of Cash Swap Policy

Nigerian Governor Seeks CBN’s Reversal of Cash Swap Policy (News Central TV)

Governor Oluwarotimi Akeredolu of Ondo state, Southwest Nigeria has called on President Muhammadu Buhari to direct the Central Bank of Nigeria (CBN) to reverse its cash swap policy.

According to Governor Akeredolu, the nationwide approval ratings of the ruling All Progressives Congress (APC) have been negatively impacted by the issues caused by Naira and fuel shortages.

He received members of the Youth Directorate of the APC Presidential Campaign Council (PCC) led by Seyi Tinubu and suggested that the old and new currency notes should be allowed to coexist, as an existing court injunction appears to have been disregarded, rendering the old notes illegal.

Nigerian Governor Seeks CBN’s Reversal of Cash Swap Policy (News Central TV)

Akeredolu criticised the timing of the policy and urged for its reversal. He made these comments in Akure.

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According to him:  “We have a problem we are facing in this country today. Our rating as a party is not that favourable. 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.”

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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.

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