Rotimi Akeredolu, governor of Ondo, has advised President
Muhammadu Buhari to take urgent steps to address the scarcity of naira notes
and petrol price hike.
The petrol crisis and scarcity of naira notes are resulting
in protests in parts of the country.
However, after a meeting with governors elected on the
platform of the All Progressives Congress (APC) on Friday, the president
requested seven days to take a “major decision” on the naira note scarcity.
In a statement on Friday, Akeredolu said the current
situation is a recipe for “unpleasant consequences” if not properly handled.
“The struggles and
actual fights recorded in banking halls, ATM and POS points, and markets across
the country are disquieting. The choice of this period for the implementation
of a policy, which bears an instant negative impact with no discernible
mitigation in sight, raises serious suspicion of partisanship on the part of
the CBN,” the statement reads.
“The ordinary people are the victims. Depositors can no
longer access their monies even to feed their families. Hunger is not the
anticipated result of a monetary policy.
“While no reasonable person will contend with the decision
of the CBN to discharge its statutory functions, the plight of the downtrodden
must, however, be considered. Majority of Nigerians groan, at present, under
the crushing weight of these crises.
“There is pervasive
discontent in the land and unless some urgent redemptive steps are taken to
ameliorate the debilitating effects of seeming desultory and nonchalant
disruptions of their normal simple lives, a series of events with unpleasant
consequences is inevitable.
“There is palpable anger engendered by frustration in the
land. The wave of discontent increases with unbelievable rapidity across the
country. The current hardship being experienced by the ordinary people
forebodes unpleasant consequences. These crises may set in motion a chain of
events the end of which is better imagined.
“The Federal Government must make a categorical
pronouncement on the availability of petrol and its price since it is the
general belief that the country still pays humongous amounts as subsidy. A
situation which permits a few individuals to inflict pains on the populace,
seemingly without check, is deplorable.
“The CBN Governor, Mr. Godwin Emefiele, must come clean on
the new monetary policy. Nigerians are practically buying the country’s
currency to feed when we are not in a state of war.
“The fact that the
ruling party hopes to present candidates for election in the general elections
in the coming weeks accentuates the level of suspicion as regards the
possibility of having certain elements whose interests stand at variance with
the general aspirations of the party and its committed members.
“There is no better way to de-market a brand than this
ruthless execution of a pernicious motive. The Federal Government, through the
President (Muhammadu Buhari), must act now.”
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