Monday, March 10, 2025

The (CNG) Says CBN Should Revise Cash Swap, Withdrawal Limit Policies

The Coalition of Northern Groups (CNG) has restated its demand for the immediate reversal of the cash withdrawal limit policy of the Central Bank of Nigeria and the time set for the exchange of old naira notes, saying Nigerians should no longer be hoped to continue to tolerate the high handedness of the Governor of the CBN, Godwin Emefiele.

A statement by CNG spokesperson, Abdul- Azeez Suleiman in Abuja yesterday described the assertion of the CBN Governor on a short deadline for the naira exchange and limit for cash withdrawal as unfeeling, illogical, unthoughtful and a clear strategy for disaster. “

The CNG finds it curious that an individual selectee of government would assume similar arrogant larger than life status to push harsh delicate conditions on an entire nation just to achieve his individual desires.

READ MORE: Drawn Over New Naira Policy: Tinubu, Atiku At Word War

It’s important for Emefiele to begin to accept the reality that no one owns Nigeria and Nigerians and that the nation is angry and would not be hoped to tolerate, accommodate or condone destructive actions by officials who choose to play God, ” Suleiman said.

The CNG cautioned that there’s earlier a raging national wrathfulness over the mass suffering brought about by the new regime of economic policies that are easily not working.

Before, confusion has set in, millions of homes are going empty, businesses are closing down with palpable wrathfulness mounting each across the country.

It’s the peak of official exemption to declare on the imposition of and executing a financial policy in an unstable economic environment that lacks the necessary infrastructure to operate it.

Based on this, the CNG hereby categorically rejects in its full any farther attempt to throw the nation into confusion by a single entity ’ hardness, whoever that entity may be.

We condemn with all our might the suspicious rigid desperation by Emefiele to apply these policies without ensuring the intensification of public enlightenment about the cashless system so that everybody will be acquainted with the system, since there’s a high rate of ignorance.

We reject these ignoble policies sought to be charged on Nigerians without government supplying continued power supply and acceptable communication link. ‘ The imposition of these policies without addressing the issue of network failure is also suspicious, smacks of a retired schedule and wherefore inferior, ” the statement said.

Hot this week

Nigeria’s Power Generation Hits Record 5,801.84MW Amid Grid Upgrades

Nigeria has achieved a milestone in its electricity sector,...

UN Allocates $110 Million to Overlooked Crises as Aid Cuts Deepen

The United Nations has allocated $110 million to address...

EFCC, France Forge Strategic Alliance to Combat Cybercrime and Asset Theft in Nigeria

Nigeria’s Economic and Financial Crimes Commission (EFCC) has entered...

‘We Won’t Tolerate Poor Quality’: FG Warns Developers on Housing Projects

'The Federal Government has issued a stern warning to...

World Obesity Day: Experts Brainstorm On Ways Of Preventing Condition

Ngozi Okpalakunne Today is World Obesity Day, an annually celebrated...

UN Allocates $110 Million to Overlooked Crises as Aid Cuts Deepen

The United Nations has allocated $110 million to address...

‘We Won’t Tolerate Poor Quality’: FG Warns Developers on Housing Projects

'The Federal Government has issued a stern warning to...

Cost of Governance: Nigerian MDAs, Presidency Spend N1.9bn on France Trips Amid Economic Strain

Nigerian ministries, departments, and agencies (MDAs), along with the...

Nigerian Air Force of Deliberately Refused to Settle N4.34 Billion Electricity Debt – Discos

The Association of Nigerian Electricity Distributors (ANED) has accused...

Afreximbank Projects Africa’s Inflation Rate to Decline to 7.2% in 2025

Africa’s inflation rate is set to fall from 8.6%...

FG Steps In as Female Coalition Vows to Protest Natasha’s Suspension

The Federal Government (FG) has intervened in the ongoing...

Discipline Debate: Experts Oppose Lagos’ Ban on Corporal Punishment

Lagos State’s decision to ban corporal punishment in schools...

NADDC Launches Electric Bus Contest for Nigerian Universities to Boost Local Innovation

The National Automotive Design and Development Council (NADDC) has...

Related Articles

Popular Categories