Nigeria: Currency Swap - Kola Abiola Berates APC for Imposing Hardship On Nigerians

7 February 2023

The presidential candidate of the Peoples Redemption Party (PRP), Mr. Kola Abiola, has faulted the All Progressives Congress (APC)-led administration for imposing untold hardship on Nigerians with the flawed implementation of the Naira redesign and cash swap policy by the Central Bank of Nigeria (CBN).

Abiola stated this in a statement issued and signed by the PRP Presidential Campaign Council.

He said it was quite unfortunate that a policy such as a currency redesign/swap, which should lead to improved financial inclusion and protect the interest of the masses, has been implemented in an insensitive manner by the present APC-led administration, thereby excluding the underserved citizens from the financial system.

The PRP presidential candidate promised that, if elected, such uncoordinated and insensitive actions will become a thing of history.

"We will never again experience this kind of avoidable misfortune that has befallen the citizens of this great country. As an administration, we will demand sound policies and coordinated implementation across board from CBN such that things will be done the correct way," he said.

He, therefore, urged the electorate to let their votes speak loudly come February 25, 2023 by electing him, assuring Nigerians that the party will implement people-centred policies, while stressing that the PRP holds the golden key to unlock and redeem the people from the shackles of oppression and regressive government policies.

"A PRP-led government will introduce and implement a Cost of Living Adjustment policy (COLA). Through a well-structured means test to determine eligibility of each family unit, we will alleviate the hardships experienced by unemployed or underemployed citizens," Abiola added.

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.