Inside Nigeria

Naira/Fuel Shortage: APC Govs Meet, Beg Buhari to Allow Old, New Notes Coexist

President Muhammadu Buhari has met behind closed doors with governors elected under the platform of the All Progressive Congress, APC, at the Presidential Villa, Abuja.

The governors appealed to the President to allow the old and new naira notes co-exist to ease the suffering of Nigerians.

Kaduna Governor Nasir El-Rufai, who spoke to some journalists in Hausa language on Friday, said that while the Central Bank of Nigeria (CBN) mopped up over N2 trillion of the old notes, it printed only N300 billion, which he said is not enough.

El-Rufai, who was accompanied by his Kano counterpart, Abdullahi Ganduje, said even if the CBN had wanted to implement the cashless policy, it should have printed half of what it mopped up, for a start, which ought to be N1 trillion.

He said they told the President the masses are suffering and traders are losing their goods due to lack of patronage.

He referred to tomatoes seller that travelled to Lagos with their goods but got nothing because people had no money to buy.

The Governor said they appealed to the President to reconsider his stances.

El-Rufai however said Buhari did not tell them yes or no.

He disclosed Chairman of the Progressive Governors’ Forum (PGF), Atiku Bagudu, has gone back to meet the President privately with the hope to convince him.

At of the time of filing this report, he was being awaited to address the media

Some of the governors in attendance include the Chairman of the Progressive Governors Forum and Governor of Kebbi State, Atiku Bagudu, governors of Ebonyi, Dave Umahi; Lagos, Babajide Sanwo-Olu and Imo, Hope Uzodimma.


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