Nigeria: Not All 36 Govs Are With You On Move Against Currency Swap, Obaseki Tells El-Rufai

9 February 2023
Leadership (Abuja)

The Edo State Government has distanced itself from the comments and moves by the governor of Kaduna State, Mallam Nasir El-Rufai, and some other State governors against the currency swap policy of the Central Bank of Nigeria (CBN).

In a statement by the Special Adviser to the Edo State Governor on Media, Crusoe Osagie, the Edo State government said the Kaduna State governor does not speak for Edo State, and urged for "guided utterances and inferences in such critical matters, especially in the heat of the political season."

According to him, "The Edo State Government distances itself from the comments and moves by the Governor of Kaduna State, Mallam Nasir El-Rufai and some other governors against the currency swap policy of the Central Bank of Nigeria (CBN).

"We are not a party to the suit instituted by the Governments of Kaduna, Kogi and Zamfara States against the CBN's policy and take exemption to the claim by the Kaduna State Governor that the move by the three governments is backed by Nigeria's 36 State Governments.

"The currency swap policy, which is intricately linked to the cashless policy of the CBN, is aimed at promoting financial inclusion; preventing inducement of voters in elections; tackling corruption and money-laundering and checking ransom payments among other cash-based financial infractions."

He noted that the State government acknowledged the difficulties that have arisen from the Naira swap policy and empathised with all Nigerians over the challenges faced with accessing the new banknotes as well as other difficulties in conducting financial transactions in the last few days, noting that, "While this situation is being managed by the concerned authorities and relief being sought by the authorised agencies, it is disingenuous for a suit to be filed by three governments and then inferences are made to the effect that it is the entire state governments in Nigeria that sued the Federal Government and that they all stand against the CBN's policy.

"The Kaduna State Governor does not speak for us in Edo State and we urge for guided utterances and inferences in such critical matters, especially in the heat of the political season.

"The Edo State Government reiterates its commitment to the good people of the State and assures that it will continue to work assiduously to protect lives and properties and provide the conducive environment for all to thrive and live life to its fullness."

Read the original article on Leadership.

Tagged:
Copyright © 2023 Leadership. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

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.