Kaduna State Government and millions of its residents
welcome the ruling of the Supreme Court, extending the use of the old naira notes
beyond the ill-considered Central Bank of Nigeria deadline of 10 February 2023.
A statement by Governor Nasir El-Rufai’s Special Adviser on
Media and Communication, Muyiwa Adekeye on Wednesday, thanked ‘’ the justices
for their decision and appeals to the federal authorities to treat the ruling
as an opportunity to relieve human suffering.’’
The statement recalled that the “governments of Kaduna, Kogi
and Zamfara states were compelled to approach the Supreme Court to mitigate the
needless stress imposed on ordinary people and their livelihoods by the
ill-timed, incompetent planning and execution of an overnight cashless policy.
Adekeye argued that CBN advanced no emergency justification
for what he described as “this callous decision to deny people access to their
deposited cash.”
The Special Adviser noted that “we have engaged extensively
with the Federal Government and the Central Bank of Nigeria.
“This has included
furnishing evidence-based demonstration of the threat to public welfare and
economic activities by this myopic policy that would have been condemned as
draconian and insensitive were it being pursued by an occupying power,” he
added.
The statement advised that “is not to the credit of a
sovereign, democratic government that this level of suffering is being
callously imposed when there is neither a compelling emergency situation nor
clear benefits for citizens and the economy.”
According to Adekeye, Kaduna State Government hopes that a
review of the currency swap policy would now be undertaken to fashion out a
better implementation programme.
The programme should include timeline that provides enough
old and new currency notes, for our citizens, prioritises public welfare and
restores economic activity, he advised.
“Like other elected APC state governments, we have advised
that this should be based on a whole of government approach that pulls together
all the necessary institutions of the federal and state governments, and
recognizes global best practices and reasonable timeline for implementation,”
he added.
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