Kwankwaso promises to review CBN naira swap policy if elected president


By Ismail Auwal

The presidential candidate of the New Nigeria People’s Party (NNPP), Senator Rabiu Musa-Kwankwaso, has promised to reverse the Central Bank of Nigeria (CBN) naira redesign policy, if elected in next Saturday’s presidential poll.

Speaking to tens of thousands of NNPP supporters in Funtua, Katsina State, the former governor of Kano State promised to let Nigerians possessing the old 200, 500, and 1,000 naira banknotes to deposit them in the banks.

He explained that the policies of the apex bank would further impoverish, starve, and cause unspeakable agony for Nigerians in a country where 133 million people live in poverty and the country’s economic situation is ripe for crisis.

While noting that the policy was targeted at tormenting “poor Nigerians”, the erstwhile defence minister said his prospective government would end the naira redesign policy and allow Nigerians to deposit the old naira notes in their respective banks.

He said, “We were told that 133 million Nigerians are poor but they introduced a naira redesign policy at this critical period of election. This policy has brought calamity, suffering, hunger and poverty on many poor Nigerians.

“But if you elect me as president of this country and other NNPP candidates, we agreed to end the policy and allow you to take all your old naira notes to banks for deposit and other transactions.

“We at the NNPP plan to provide Nigerians with good governance, restore peace, address insecurity and improve the economy. Nigerians, especially those in Katsina State and other Northern states, have suffered enough. We are on a rescue mission.”

He added that NNPP has the political wherewithal to end insecurity across Nigeria, rebuild the country’s economy and create job opportunities for the teeming unemployed youths in the country.

If elected in next Saturday’s presidential poll Kwankwaso said, he would recruit more security personnel to fight the upsurge of insecurity and revamp the nation’s educational sector for meaningful development to thrive.

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