x

New Naira: FG reveals identity of those against deadline extension

The Federal Government, on Tuesday, slammed opposition political parties that went to court to restrain the President Muhammadu Buhari from stopping, extending or interfering with the naira swap deadline date.

It also accused the parties of politicising the situation, stressing that they were not mindful of the plight of Nigerians due to the cash crunch.

The new naira initiative is a policy of the Federal Government.

On Monday, 14 political parties threatened to boycott the February 25 election should the Central Bank of Nigeria extend the February 10 deadline for the currency swap which it had earlier announced.

Also, a High Court of the Federal Capital Territory restrained the President, the CBN, its Governor Godwin Emefiele and 27 commercial banks from suspending, stopping, extending or interfering with the currency swap terminal date.

The order was handed down on Monday by Justice E. Enenche following an application by four political parties.

Reacting to this, while speaking at the 23rd edition of the PMB Administration Scorecard Series (2015-2023), which featured the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development in Abuja, the Minister of Information and Culture, Lai Mohammed, said the action by the political parties was unscrupulous.

He said, “Recall that after his (Buhari’) meeting with the Progressives Governors’ Forum on Friday, President Buhari urged the citizens to give him a seven-day window to resolve the currency crunch that has emanated from the implementation of the naira redesign policy.

“Unfortunately, on Monday, some opposition political parties ran to court to obtain an injunction restraining Mr President and the CBN from extending the February 10 deadline for Nigerians to exchange their old notes for new ones.”

Mohammed said the court action came after a number of opposition parties threatened to boycott the 2023 general election if the deadline was extended.

He added, “These curious actions by the parties concerned are a clear evidence that the opposition has turned this whole issue into a political game, preferring to make Nigerians suffer more on the altar of an unconscionable political gamesmanship.

“Or how else can one explain the fact that these unscrupulous opposition parties do not want any action
that could reduce the pains being experienced by Nigerians?

“How else can one explain the fact that they have decided to legally hamstring Mr President, in particular, from providing any relief for Nigerians suffering from the cash crunch?”

He argued that it was bad politics when one puts the interest of desperate political parties over and above that of Nigerians.

He, however, stated that despite the antics of the opposition, the government was willing and able to take decisive steps to bring succour to Nigerians in the shortest possible time.

Mohammed said the Federal Government was mindful of the inconveniences currently being endured by the citizens as a result of fuel supply disruptions and the recent redesigning of some naira notes.

“Government is working assiduously to restore normalcy to these critical enablers of economic activity and to take added measures, where necessary, to alleviate the pains of Nigerians,” the minister stated.

Hot this week

Paris Saint-Germain F.C. Ordered to Pay Kylian Mbappé €61m After Court Ruling

French champions Paris Saint-Germain will pay Kylian Mbappé €61...

As Nigeria’s Mining Sector Faces 2026 EITI Review

By Dr Austin MahoNigeria's mining sector is approaching a...

Policie nab child abductor in A’ibom

By Ogenyi Ogenyi,UyoThe Police in Akwa Ibom has arrested...

Peter Obi Reacts to Edo Incident, Says Experiences of Lawlessness ‘Not New’

Former presidential candidate Peter Obi has said that experiences...

Kogi Receives NEPZA License for Ajaokuta Economic City Free Trade Zone

From Noah Ocheni, LokojaThe (NEPZA) has officially issued the...

FG flags Off Niger Wing of Presidential One – Poverty Reduction Response Programme

By Joyce Remi - BabayejuThe Federal Government has flagged...

Army Major, 10 Suspected ISWAP Fighters Killed as Troops Repel Attacks on Borno Bases

Troops of Operation Hadin Kai have repelled coordinated attacks...

Right Group Demands Expedited Actions on Pipeline Surveillance Contract Probe

A Coalition of civil society organizations on Transparency and...

Plateau Killings: Gov Mutfwang Urges Residents to Avoid Reprisals, Maintain Peace

Plateau State Governor Caleb Mutfwang has called on residents...

Security Operatives Repel Attack in Plateau’s Wase LGA, No Casualties Reported

Security operatives have repelled an attempted attack by suspected...

FG Youth Opportunity Summit Engages 12,000 Young Nigerians, Mobilises 255 Volunteers

The Federal Government says its Youth Opportunity Summit has...

Women Groups Rally Behind Umahi, Insist Allegations Must Be Tested In Court

Four women-led advocacy groups have called for strict adherence...

Related Articles

Popular Categories

spot_imgspot_img