x

Naira Redesign Policy Has No Basis In Economics, Purely Political – Obaseki

Governor Godwin Obaseki of Edo State has faulted the move to redesign the naira, claiming it has no economic basis and purely political plan.

He said this while inaugurating the Edo State Peoples Democratic Party (PDP) Women Campaign Council at the Presidential Campaign Secretariat in Benin City, the Edo State capital, on Wednesday.

“They say we should all bring our naira and give it to them because they want to change it for us. Is that our priority now? How does changing of currency reduce the price of food in the market? They say they want to change our currency and dollars are going higher every day. We can’t even see dollars again,” the governor added.

“I am an economist and I can tell you categorically that this policy by the CBN and Federal Government has no basis in economics. There is no reason to do this; this is purely political.”

Obaseki reiterated that there is no urgency to redesign the currency, claiming the country has other important things to pay attention to.

“The urgency for us is how to get food for our citizens to remove starvation and hunger from the land. The urgency is on how to maintain discipline in our monetary policy so that we can manage our foreign exchange rate because we are import-dependent,” the governor noted.

He claimed that the country will continue to fail if the All Progressives Congress (APC) wins next year’s election.

“We can’t allow those managing our country (APC) to continue because if we allow the APC government to continue, the country will fail as the country is already failing,” Obaseki maintained.

“God sees how people are suffering in this country and will not allow them to manage Nigeria again.”

“This 2023 election is about the continuous existence of Nigeria. If we don’t change the current leadership, I don’t know what will happen to this country. For us the PDP, we are the real only organic party. We are the only ones prepared for a free and fair election and our candidate, Alhaji Atiku Abubakar, is the most experienced,” he stated.

Hot this week

Dinfa: Only a Northern Christian President Can Protect Northern Christians

By Israel Adamu, JosThe National Coordinator of the Young...

Gov Sule Flags Off Bursary Disbursement, Reiterates Commitment to Education

By Abel Leonard, LafiaGovernor Abdullahi Sule of Nasarawa State...

Kogi Court Sentences 28-Year-Old Husseini Mustapha to Life Imprisonment for Rape

By Noah Ocheni, LokojaThe Kogi State High Court sitting...

Olawepo-Hashim Accuses APC Elements of Orchestrating Smear Campaign Ahead of 2027 Elections

By Achadu Gabriel, KadunaFormer presidential candidate Dr. Gbenga Olawepo-Hashim...

WHO Eyes 2030 As Year For Achievement of Refractive Eye Care For All

By Joyce Remi-BabayejuAs the world marks the 2025...

FERMA Flag-off ‘Operation Safeguard the Road’ in Kogi

By Noah Ocheni, LokojaThe Managing Director/Chief Executive...

Governor Ododo Bags Another National Honour in Education

By Noah Ocheni, LokojaKogi State Governor, Ahmed Usman Ododo,...

Governor Ododo Congratulates Prof. Joash Amupitan SAN on His Appointment as INEC Chairman

By Noah Ocheni, LokojaKogi State Governor, Alhaji Ahmed Usman...

Related Articles

Popular Categories

spot_imgspot_img