News

Atiku backtracks, says CBN cashless policy hurting ordinary citizens

The Presidential Candidate of the Peoples Democratic Party (PDP), has appealed to the Central Bank of Nigeria (CBN) to allow commercial banks to accept deposits of the old naira notes.since 88 Over…

The Presidential Candidate of the Peoples Democratic Party (PDP), has appealed to the Central Bank of Nigeria (CBN) to allow commercial banks to accept deposits of the old naira notes.since 88

Over two weeks ago, Atiku suppored the currency redesign policy, advising the apex bank not to extend the February 10 deadline for the demonetisation of the old naira notes.

He also said any further extension would destroy the purpose and objective of the policy.

“I am totally in support of building a cashless economy and reducing the amount of cash in our economy,” Atiku had said.

In his twitter page on Sunday, he called on the CBN to release the new notes as “a matter of urgency”.

Adding that it would ease the suffering of the masses in getting access to their “legitimately earned money”.“The CBN currency policy is hurting ordinary citizens and those who legitimately earned their money,” he said.

 

“The apex bank should, as a matter of urgency, allow commercial banks to join the CBN in the collection of the deposits of old N500 and N1000 notes”.

“The new currency should be immediately made available in sufficient quantities to alleviate the suffering of the masses”.

The Former Vice President assured that when they come to power by the mandate of the peoples votes, the PDP administration will not allow any Nigerian who legitimately earned their money to lose a single kobo of it.

“You can take that promise to the bank because our aim is to create prosperity and not to impoverish our people”.

Story network

Understand the wider story

Connected reporting selected by topic, category and recency.

Continue exploring

Follow the wider story

Discover related reporting, current updates, and the latest stories from InsightLinks.

Latest stories →
Published February 20, 2023
Share Facebook X
Insight Media Radio
Insight Media Radio
Listen while you read
Open Radio ↗