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CBN’s Naira redesign policy will not affect politicians, here is why – Kwankwaso



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Presidential candidate of the New Nigeria Peoples’ Party (NNPP), Sen. Rabiu Kwankwaso has revealed that the Naira redesign policy won’t affect politicians, but rather the poor masses.

While featuring on Channel TV Sunrise Daily on Thursday, Kwankwaso said most top politicians contesting in the 2023 general elections have stakes in commercial banks.

“They have access to these new naira notes. It is only the masses that are suffering from the scarcity of naira notes,” he said.

“Some of these parties’ candidates are owners of banks. The two parties have got governors everywhere. Governors who order banks to bring as much money, the whole money in the state, to the government house and keep.

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“If you’re dealing with bank owners and people who have trillions, billions in the banks, you cannot do anything. The money meant for the people will all be packed by these money bags and that is a very serious problem.”

According to him, the naira redesign policy was inflicting hardship on Nigerians.

He said the timing was short, noting that there was no way people, especially those in rural areas, would meet the deadline.

“Well, I have listened to all the leaders who are trying to defend the issue of this redesign. As far as we are concerned, those of us in the NNPP, we believe that it was a mistake, especially the timing,” Kwankwaso said.

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“My advice, based on the reality on the ground, because we are the people in touch with people at the grassroots. People are suffering, and worried.

“In other words, so many people will lose their savings. So, many people will run into a crisis. These are innocent people; people who have earned a living, and worked so hard.


“My suggestion is: please, federal government, don’t say no going back. This is not a situation of not going back. If you want a situation of no going back, please, we want to hear you talk about the bandits in the north-west or Boko Haram in the north-east, or other criminals elsewhere,” he said.

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