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

Hon. Venman Bulus Distributes Food Items to Communities in Langtang North

By Israel AdamuThe Member representing Langtang North and...

Presidential Tax Committee Commends Kogi’s Progress in Tax Reform

From Noah Ocheni, LokojaThe Presidential Committee on Fiscal Policy...

Geopolitical Balancing Strategy, China, Iran and the Donroe Doctrine

By Prof Sheriff Ghali IbrahimThe twilight of the Second...

Kaduna Death Sentence: Zidane’s Lawyer to Appeal as State Government Defends Verdict

By Achadu Gabriel, KadunaThe Kaduna State Government has defended...

FG Opens Applications for 2026 Overseas Scholarships

The Federal Government has opened applications for the 2026...

Criminalize Fuel Scooping, NOA Boss Urges Legislators

By Joyce Remi-BabayejuThe Director General of the National Orientation...

Minna Emirate Crowns Hajiya Sa’adatu Sani Musa as Zinariyar Minna

The Minna Emirate Council has conferred the distinguished traditional...

DSS Arrests Malami After Release from Kuje Prison

Former Attorney General of the Federation and Minister of...

Abia 2027: Otti Dismisses Opposition Threats, Vows Focus on Governance

By Okechukwu Keshi UkegbuAbia State Governor, Alex Otti, has...

Bayelsa Police Arrest Key Suspect in Kidnapping of High Court Judge Omukoro

The Bayelsa State Police Command has arrested a key...

FG Seeks Appeal Against Court Order to Investigate Attacks on Journalists in Nigeria

By Achadu Gabriel, KadunaThe Federal Government has applied to...

Related Articles

Popular Categories

spot_imgspot_img