The Nigeria Governors’ Forum has called on the Central Bank of Nigeria to listen to the voice of reason and follow the rule of law in its pursuit of the naira redesign policy.
This is as the Forum assured Nigerians that it felt their pains and is “determined to employ all legitimate channels to ease the situation.”
The NGF stated these in a communiqué signed by its chairman and Sokoto State Governor, Aminu Tambuwal, and issued at the end of its meeting held on Saturday in Abuja, according to a report by Premium Times.
The Forum warned that the country might be at risk of a recession following the naira redesign policy of the CBN.
The NGF called on the Federal government “to respect the Rule of Law and listen to the voice of reason expressed by Nigerians and several other stakeholders including the Council of State, before the damage to our economy becomes too great to fix by the next administration.”
It added that “we express our sympathies and support with Nigerians who are experiencing great difficulties under the current CBN naira re-design and cash withdrawal restrictions policy.”
The governors said the CBN was pursuing an “aspirational policy of going cashless” and a “currency confiscation programme”, and not the naira redesign policy provided for in the CBN Act.
(Punch)