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APC Governors Oppose CBN’s February 10 Deadline for Old Naira Notes
In a recent development, governors from Nigeria’s ruling All Progressives Congress (APC) have voiced their opposition to the Central Bank of Nigeria’s (CBN) February 10 deadline for the old N200, N500, and N1,000 naira notes to cease being legal tender.
The governors argue that the policy’s implementation has led to significant hardships for Nigerians, particularly in rural areas where access to banking services is limited.
The APC governors have expressed concerns that the scarcity of the new naira notes is disrupting daily life and economic activities. They highlight that many citizens are struggling to access cash, which is essential for their livelihoods.
In response to these challenges, the governors have sought a meeting with President Muhammadu Buhari to discuss the implications of the policy and to advocate for an extension of the deadline.
TV anchor Rufai Oseni makes headlines as he speaks on fuel subsidy in Nigeria. He shared that Nigeria can have fuel subsidy without the long queues at filling stations.
“When we were still paying subsidies, there were no long queues. We were subsidising. So you can still have a subsidy regime going on, and there will be no long queues because production was close by. Dangote had it. That’s just it. That argument also falls flat.
“The biggest beneficiaries of subsidy are not Nigerians. They are crony capitalists that have big infrastructure, and they do contracts. They have been the biggest beneficiaries of the subsidy,” he said.
Lagos State Governor, Sanwo-Olu, speaks to those in the electricity sector about the usual blackouts in the state.
He speaks on ways things can change in the state and how electricity can be provided.
“We need to drop corporate egos, abandon long-standing excuses, and confront the harsh realities obstructing progress in the power sector.”
“We, state governments, used to give excuses that everything is centralised, so the Federal Government has unbundled it now. What have we done in a year and a half?” Sanwo-Olu asked.
“We take two steps forward, we go five steps backward,” he said.
Lagos State Governor Babajide Sanwo-Olu has declared Thursday, August 20, a work-free day for public servants in the state to mark the Isese Festival.
Speaking on the celebration, he said “Ìṣẹ̀ṣe is not a relic. It is a living expression of our traditions and a celebration of Yoruba spirituality as an important part of Nigeria’s cultural and religious landscape,” he said.
He added “When the drums sound in Lagos on Thursday, they answer drums in Havana, in Salvador, in Port of Spain. Fifty-five million people and counting. Lagos is not observing a local holiday. Lagos is standing at the centre of a global heritage,” Aregbe said.
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