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News - North West - Kaduna Updated: February 17, 2023

Naira Scarcity: Presidential Candidates Have Access To Millions Of New Notes — El-Rufai

By Sydney Elike
February 17, 2023
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Kaduna State Governor Nasir El-Rufai has alleged that the scarcity of cash in the country has not affected those who convinced President Muhammadu Buhari to back the naira redesign policy.

In a statement on Thursday, El-Rufai who is among the northern governors who dragged the federal government to court over the policy added that some presidential candidates and a running mate of one of the opposition parties have access to some of the licensed banks.

According to him, these politicians have access to millions of the new naira notes while citizens queue for days to withdraw just a few thousand to get by.

"I chose to speak out first as one person that has been particularly close to the President, believing that his actions were motivated by innocence, and mindful of his legacy.

"I have no regrets for doing my duty in this regard.

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"One day, the President will appreciate what some of us are being insulted for today.

"Yet, the politicians that the officials have convinced the President to regard as the real targets of the currency redesign policy have not been impeded in any way by it so far.

"Indeed, two of the presidential candidates and a running mate of the opposition parties own or have preferred access to some of the licensed banks.

"For that reason and by various clandestine arrangements, these politicians have access to hundreds of millions of these new notes, while the traders, merchants, students and other citizens are queuing for days to withdraw a few thousand Naira just to buy food and necessaries.

"Within two to three weeks of implementation, it was clear to everyone that the architects of this policy can see that it is our people that are being terribly affected and not the politicians.

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"It is quite unfortunate that many politicians who either own banks or have privileged access to money are so insulated from the pains of talakawa that they are recklessly endorsing a policy that is being badly implemented", El-Rufai stated.

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Sydney Elike

Sydney is a graduate of Theatre Arts, a writer, a movie buff, an avid reader, a video game enthusias...

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