New naira scarcity ploy to discredit Buhari – Oluwo of Iwo

The Oluwo of Iwo, Oba Abdulrosheed Adewale Akanbi, has blamed the Governor of the Central Bank of Nigeria, Godwin Emefiele for the hardship induced by new naira notes.

Oba Akanbi also noted that the new naira regime has grounded economic activities in Nigeria adding that implementation of such ought to have been gradual to ease commercial activities.

In a statement by Alli Ibraheem, his Chief Press Secretary on Wednesday, Oluwo who called for urgent close monitoring to ensure naira circulation alleged that the plan was to instigate Nigerians against the legacy of President Muhammadu Buhari.

The traditional ruler alleged that many Nigerians have been stranded, immobile and made vulnerable to starvation due to the scarcity of the new Naira note.

The statement reads: “The new naira regime has inflicted much hardship on Nigerians. It has grounded the country’s economic activities. It’s worsening every day. As a father with voice, I must speak out.

“The CBN governor, Godwin Emefiele owe Nigerians apology for inducing such a hardship. I’m yet to be convinced about the introduction of new naira notes without proper measures to provide adequate inflow of new notes in circulation. It’s gross insensitivity to human feelings. Many are stranded, immobile and starved due to [the] non-availability of new notes.”

Alleging “an intention to blackmail the infrastructural legacies of President Muhammadu Buhari,” the king called on the federal government and federal legislators to checkmate the CBN governor, and “veto an unconditional extension of the deadline and ensure the new notes are widely circulated.”

He further averred: “Emefiele needs to address Nigerians again to holistically justify the introduction of the new note and the deadline without enough money in circulation. We can’t continue suffering and keep mute. This is really bad at a time INEC will need resources for logistics.”

Oba Akanbi called on stakeholders, most especially the federal government, to review the policy with a view to alleviating the hardship on innocent Nigerians.

Revealing that traditional rulers are not left out of the naira impasse, he implored the legislators to veto the enforcement of the extension and provision of enough naira notes by CBN.

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