Parrot Reporters
No Result
View All Result
  • Home
  • Top Stories
  • News
  • Politics
  • Business
  • Economy
  • World News
  • Diaspora
  • Other Features
    • Crime
    • Entertainment
    • Tourism
    • Interviews
    • Editorials
    • Opinion
Parrot Reporters

Tinubu Hails Nigerian Governors Over Supreme Court Ruling On CBN Naira Swap Policy

Bello Akin by Bello Akin
February 8, 2023
0
Tinubu Hails Nigerian Governors Over Supreme Court Ruling On CBN Naira Swap Policy
Share on FacebookShare on TwitterShare on Whatsapp

 

All Progressives Congress Presidential Candidate, Asiwaju Bola Ahmed Tinubu has hailed the Governors of the 36 states for standing on the side of the Nigerian people over the Central Bank new Naira and cashless policies that have subjected the masses to pains.

According to Asiwaju Tinubu, the Governors especially the APC Governors who instituted the suit against the CBN and Federal Government at the Supreme Court acted well on behalf of the hapless Nigerians who have been made to bear the brunt of Naira redesign policy that has been poorly implemented

The Supreme Court on Wednesday morning in a law suit brought before it by the governments of Zamfara, Kogi and Kaduna States gave 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.

Following the apex court ruling, Asiwaju Tinubu noted that the governors have saved the country from a needless political and economic crises and miseries which have clearly become the unintended consequences of the monetary policy of the apex bank.

Asiwaju Tinubu noted that the Supreme 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, going by the problems being experienced across the country in getting the new notes.

“I want to salute the courage of our Governors and most 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 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.”

Asiwaju Tinubu called on the CBN to ensure that the Supreme Court ruling is effectively executed by taking all necessary steps to (i) ensure sufficient availability of Naira notes (whether old or new) and (ii) properly sensitising the public on the ruling and the consequent validity of old Naira 

 

– The press release was submitted by Mr  Bayo Onanuga, Director Of Media & Publicity, APC Presidential Campaign Council On 8th, February 2023.

More News...

President Tinubu Appoints Ibrahim Babangida’s Son, Muhammad and Others To Key Federal Positions In New Restructuring Effort

President Tinubu Appoints Ibrahim Babangida’s Son, Muhammad and Others To Key Federal Positions In New Restructuring Effort

President Tinubu Renames University Of Maiduguri In Honour Of Late Former President Muhammadu Buhari

President Tinubu Renames University Of Maiduguri In Honour Of Late Former President Muhammadu Buhari

Lagos Commissioner For Tourism Hosts Top Creative Industry Stakeholders To Foster Collaboration

Lagos Commissioner For Tourism Hosts Top Creative Industry Stakeholders To Foster Collaboration

BREAKING: Atiku Abubakar Resigns From The People’s Democratic Party.

BREAKING: Atiku Abubakar Resigns From The People’s Democratic Party.

Lagos State Partners Diageo Nigeria To Train Over 250 Youths in Hospitality, Retail And Entrepreneurship

Lagos State Partners Diageo Nigeria To Train Over 250 Youths in Hospitality, Retail And Entrepreneurship

Cultural Erosion and the Illusion of Civilization: A Yoruba Perspective on Development and Identity

Cultural Erosion and the Illusion of Civilization: A Yoruba Perspective on Development and Identity

Cameroon’s President Paul Biya, 92, to Seek Eighth Term

Cameroon’s President Paul Biya, 92, to Seek Eighth Term

Missed Opportunities: After Rejection in Ondo, Dangote to Build Nigeria’s Biggest Seaport in Ogun State

Missed Opportunities: After Rejection in Ondo, Dangote to Build Nigeria’s Biggest Seaport in Ogun State

About Us

Parrot Reporters is an independent and non-partisan news platform with special focus on Nigerians in Diaspora cum news within and outside the shore of Nigeria.


Our aim is to celebrate the exploits of Nigerians in diaspora particularly in Southern Africa and other parts of the world.

Categories

  • Business
  • Comic
  • Cover Stories
  • Crime
  • Economy
  • Editorials
  • Entertainment
  • Health
  • Interviews
  • Nigerians In Diaspora
  • Opinion
  • Other News
  • Politics
  • Sports
  • Tourism
  • Videos
  • World News

Follow Us

COPYRIGHT © Parrot Reporters
No Result
View All Result
  • Browse
    • Sports

© Parrot Reporters