Atiku Abubakar, presidential candidate of the Peoples Democratic Party, has called for an extension of the January 31st deadline for the naira exchange.
CBN cash withdrawal limit policy goes on effect
Atiku Abubakar, presidential candidate of the Peoples Democratic Party, has called for an extension of the January 31st deadline for the naira swap.
Governor of the Central Bank of Nigeria, Godwin Emefiele, stated late last year that the 100-day time frame was adequate.
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However, the former Vice President stated that the people are suffering from a lack of cash, despite his understanding that the situation was not intended.
In a video posted on Twitter, Atiku noted that the CBN’s decision to redesign the naira notes sparked widespread outrage both within and outside the country.
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He noted that many Nigerians have expressed concern about how the policy and deadline will make life difficult for them.
Atiku confirmed the difficulties farmers and artisans in remote areas face when transferring cash to commercial banks for exchange.
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He urged the Federal Government and the Central Bank of Nigeria to act, stating that the ultimatum would cause significant inconvenience to citizens.
Atiku urged the authorities to “lighten the burden of the people” while raising awareness about the importance of mobile banking policy.
“It is critical that the CBN consider extending the period for the public to exchange their old notes, thereby reducing the financial consequences for these vulnerable citizens,” he added.
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