Rabiu Kwankwaso, presidential candidate of the New Nigeria
Peoples Party (NNPP), says the currency redesign policy of the Central Bank of
Nigeria (CBN) was a mistake.
There has been increased tension in the country as Nigerians
scramble to meet up with the CBN’s deadline for the validity of the old naira
notes amid poor circulation of the redesigned N200, N500 and N1,000 series.
This has led to several calls for the extension of the
demonetisation deadline of January 31.
But the CBN has insisted that there was no going back on the
stipulated deadline.
Speaking on Thursday on Arise TV, Kwankwaso said the naira
redesign policy was inflicting hardship on Nigerians.
He said the timing was short, noting that there was no way
people, especially those in rural areas, will meet the deadline.
The politician added that a lot of people will lose their
savings and advised the federal government to extend the deadline.
“Well, I have
listened to all the leaders who are trying to defend the issue of this
redesign. As far as we are concerned, those of us in NNPP, we believe that it
was a mistake, especially the timing,” Kwankwaso said.
“You cannot just come last minute and create the issue of
redesign within a short period of time in our circumstance today in this
country. Three months is not adequate. If you look at currencies all over the
world, people will stay for decades with the same currency without changing or
redesigning.
“My advice, based on the reality on the ground, because we
are the people in touch with people at the grassroots. People are suffering,
and worried. I can assure you by the 31st of this month, there is no way
Nigerians, especially people in the rural areas, people with no banks in their
local government, can do this change within the stipulated time.
“In other words, so many people will lose their savings. So,
many people will run into crisis. These are innocent people; people who have
earned a living, and worked so hard.
“Government, in our
opinion, should reverse this position because some are saying they don’t even
have the money on the ground.
“Some are saying the very people they wanted to suffocate,
that’s the senior politicians, who we believe can never be suffocated.
“Some of these parties’ candidates are owners of banks. The
two parties have got governors everywhere. Governors who order banks to bring
as much money, the whole money in the state, to the government house and keep.
“If you’re dealing with bank owners and people who have
trillions, billions in the banks, you cannot do anything. The money meant for
the people will all be packed by these money bags and that is a very serious
problem.”
‘NOT GOING BACK ON DEADLINE IS NOT THE BEST’
Kwankwaso said rather than taking a hard stance on the old
notes deadline, the federal government could channel that into dealing with
insecurity in the country.
“My suggestion is:
please, federal government, don’t say no going back. This is not a situation of
no going back. If you want a situation of no going back, please, we want to
hear you talk about the bandits in the north-west or Boko Haram in the
north-east, or other criminals elsewhere,” he said.
“No going back, you are going to clear them, that is good.
But no going back, in this case, is not the best.
“Extend time. If you
don’t want to or you don’t have money, allow people to go deposit and keep
their money and when you have money, you’ll pay them. I think that will help.”
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