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Naira scarcity: Bear with FG, CBN, Peter Obi pleads with Nigerians
Published
1 month agoon
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The presidential candidate of the Labour Party, Mr Peter Obi, has urged Nigerians to bear with the Federal Government and the Central Bank of Nigeria (CBN) over the redesigned naira notes.
Following the introduction of the redesigned N200, N500 and N1,000 banknotes by the apex bank, Nigerians have continued to experience nationwide scarcity of the naira.
But taking to his Twitter handle on Sunday, Obi called for patience, saying he hopes the masses will harvest the gains that will come with the reforms.
He stated that currency redesign is not peculiar to Nigeria, adding that the policy comes with some pains but has benefits in the long-term.
“The currency redesign is not peculiar to Nigeria. It is an exercise that comes with some inconvenience and pain but it has significant long term economic and social benefits. Even though there are improvements that can be made,” he tweeted.
“I urge Nigerians to bear with the CBN and Federal Government with the hope that the general populace and Nigeria will harvest the gains that will come with the reforms.
“We equally implore the CBN and the banks to expedite efforts to make the new currency available to small depositors and the unbanked in order to reduce the pains of my fellow Nigerians, especially the underprivileged and those living far away from banks in the rural areas.”
‘No Extension On Deadline’
Amid the calls for an extension, the CBN Governor, Godwin Emefiele has insisted that the apex bank will not extend the deadline for swapping old naira notes with the newly redesigned ones.
Emefiele who briefed journalists on Friday at the CBN office in Lagos, said that the apex bank and other stakeholders are already looking addressing areas where there are pressures.
“I would say no. I am sure that people are going to say only last week I said no, but I want to say unfortunately again, this time we will not be looking at extension of deadline because we as the central bank, deposit money banks and other important stakeholders, we are looking at areas where there is pressure and we are doing everything possible to address those areas of pressure.
“We have had cases where some bank branches have some cash in their vaults and because there was no demand for them and we asked central bank officials when reported to move those monies away and move them to areas where there is pressure. So those are some of the logistical challenges that we faced and we are doing everything possible to address them. So I am not going to make any promise to anyone that there would be any further extension of this deadline,” Emefiele said.
Emefiele also said that the apex bank acknowledged the pains Nigerians are facing in accessing the new naira notes.
According to the CBN governor, the apex bank will extend cash swaps to microfinance banks and engage 30,000 super agents in the hinterlands as part of new measures to accelerate the circulation of new naira notes.
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Borno State Governor, Babagana Zulum has been reelected for a second term .
The candidate of the All Progressives Congress (APC) was declared the winner of the March 18 governorship election in the state having polled 545,542.
Zulum defeated his closest contender, Mohammed Jajari of the Peoples Democratic Party (PDP) who scored 82,147.
The result was announced by INEC Returning Officer, Jude Rabo on Monday afternoon.
So far, the results of 20 governorship polls have been announced. The APC takes the lead with 14 states, the PDP with five states and the New Nigeria Peoples Party (NNPP) with one state. The election in Kebbi was declared inconclusive by the electoral body while the collation of the results of governorship polls in Abia and Enugu was suspended.
Officially, nine of the 11 governors who sought reelection in the March 18 polls held across Nigeria in West Africa have been declared winners by INEC to return to office for another four-year term each.
They include Zulum as well as Governor Babajide Sanwo-Olu of Lagos State, Governor Dapo Abiodun of Ogun State, Governor Seyi Makinde of Oyo State, Governor AbdulRahman AbdulRazaq of Kwara State, Governor Inuwa Yahaya of Gombe State, Governor Abdullahi Sule of Nasarawa State, Governor Bala Mohammed of Bauchi State and Governor Mai Mala Buni of Yobe State.
Of the 28 states, 11 serving governors sought reelection while 17 outgoing governors are in the final weeks of their constitutional two-term limits of eight years, having been sworn in on May 29, 2015.
News
BREAKING: INEC declares Adamawa Gov election inconclusive, Fintiri, Binani in tight race
Published
20 mins agoon
March 20, 2023By
admin
The Independent National Electoral Commission (INEC) has declared the March 18 governorship election in Adamawa State inconclusive.
The candidate of the All Progressives Congress (APC) in the state, Senator Aishatu Dahiru famously known as Binani scored 390, 275 while the incumbent, Governor Ahmadu Fintiri, the Peoples Democratic Party (PDP) candidate, polled 421,524.
However, INEC declared the election inconclusive due to the margin of votes.
So far, the results of 20 governorship polls have been announced. The APC takes the lead with 14 states, the PDP with five states and the New Nigeria Peoples Party (NNPP) with one state. The election in Kebbi was similarly declared inconclusive by the electoral body while the collation of the results of governorship polls in Abia and Enugu was suspended.
Officially, nine of the 11 governors who sought reelection in the March 18 polls held across Nigeria in West Africa have been declared winners by INEC to return to office for another four-year term each.
They are Governor Babagana Zulum of Borno State, Governor Babajide Sanwo-Olu of Lagos State, Governor Dapo Abiodun of Ogun State, Governor Seyi Makinde of Oyo State, Governor AbdulRahman AbdulRazaq of Kwara State, Governor Inuwa Yahaya of Gombe State, Governor Abdullahi Sule of Nasarawa State, Governor Bala Mohammed of Bauchi State and Governor Mai Mala Buni of Yobe State.
Of the 28 states, 11 serving governors sought reelection while 17 outgoing governors are in the final weeks of their constitutional two-term limits of eight years, having been sworn in on May 29, 2015.
More to follow…
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Yusuf Abba: Kwankwaso’s PA, son-in-law who will be governor of Kano
Published
2 hours agoon
March 20, 2023By
admin
Yusuf Kabir Abba was declared the winner of the 2023 governorship election in Kano state on Monday. The flagbearer of the New Nigeria Peoples Party (NNPP) beat his arc-rival, Yusuf Gawuna of the All Progressives Congress (APC), to claim victory in the state.
From personal assistant to governor-elect — who is Yusuf Abba, the man who will become Kano governor?
Abba was born in the year Nigeria became a republic, in 1963. He was born on January 5, 1963 in Gaya LGA of Kano state. He would later attend Sumaila primary school and government secondary school Lautai in the old Kano state.
His secondary education was in Gumel LGA, which is now in Jigawa State. Upon graduation from government secondary school in 1980, he went on to the federal polytechnic, Mubi, where he obtained his national diploma in civil engineering in 1985.
He went on to specialise in water resources/environmental engineering in 1989 at Kaduna Polytechnic. Upon graduation, he served in the National Youth Service Corps (NYSC) at Kaduna Environmental Protection Agency from 1989 to 1990.
QUICK FACT: On May 29, 2023, he will become the second Water Engineer to be governor of Kano state in the fourth republic.
GOVERNOR’S PA WHO WILL BECOME GOVERNOR
Abba might be the first personal assistant (PA) to a fourth republic governor to become governor. Abba served as PA to Rabiu Kwankwaso, the presidential candidate of the NNPP, while he was governor of Kano state from 1999 to 2003.
He also served in the same capacity and also as special assistant to Kwankwaso, in his role as minister of defence in the Olusegun Obasanjo cabinet from 2003 to 2007.
In a 2019 interview with Daily Trust, Abba said he served as PA to Kwankwaso for 12 years, from 1999 to 2011. In 2011, he served in Kwankwaso’s government as a private secretary to the government and was later appointed commissioner for works, housing and transport.
Abba has been with Kwankwaso for 37 years, serving in different capacities.
“Kwankwaso is my leader. I worked with Kwankwaso even when I was in the civil service in the state. I worked under him and have been with him for almost 33 years,” Abba said in 2019.
“In all these years, he has been over and above me so I know him to be my leader, my oga! So people shouldn’t be surprised if I give him the utmost respect and utmost trust. I was his PA during his first tenure from 1999 to 2011”.
KWANKWASO’S SON-IN-LAW-TURNED AVENGER
In 2014, Kwankwaso supported his deputy, Abdullahi Ganduje, in becoming the governor of Kano state. In a few months after the election, both men fell out. Ganduje launched what became a clear attack on Kwankwaso and the Kwankwasiyya movement.
By 2019, Kwankwaso mobilised against Ganduje and supported Yusuf Abba in unseating Ganduje. Abba went on to win the election in the first round, but his victory was not to be as the Independent National Electoral Commission (INEC) declared a supplementary election in 28 of 44 local government areas in the state.
Following the conduct of the supplementary poll, Ganduje was declared the winner with less than 9,000 votes ahead of Abba, who had initially won with over 26,000 votes.
Abba, who is also married to Kwankwaso’s niece, moved with Kwankwaso to the New Nigeria Peoples Party, where they both became flagbearers for presidential and gubernatorial elections. Both men won the elections in the state, but Kwankwaso lost the presidential poll.
As Kwankwaso’s loyalist and son-in-law, Abba will be putting an end to Ganduje’s reign in the state, with expectations that he would be avenging the Kwankwasiyya movement.
He has however said he will not be tied to Kwankwaso’s apron, but be a man for himself, stating that he will only take advice from the former governor.
“He will never interfere in my work. Secondly, if he interferes, in terms of advice, I know that where I go correctly he will encourage me to put in more and where I go wrong he will correct me and tell me what to do. But as far as issues of governance are concerned, believe me, sincerely he is not going to interfere,” he had said.
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