Politics
Reps committee chairman decries naira scarcity, urges calm
The Chairman of the House of Representatives Committee on Diaspora, Tolulope Akande-Sadipe, on Saturday decried the scarcity of the new naira notes in circulation.
Nigerians had in the last few days kept vigil in banks and Automated Teller Machines (ATMs) stands across the country in a bid to get cash for their daily needs.
In a statement issued by her Special Assistant on Media and Publicity, Olalekan Olusada, the lawmaker also expressed concern over the crippling fuel scarcity in the country.
She lamented that the fuel scarcity reportedly caused by the smuggling of products to neighboring countries has compounded the hardship faced by Nigerians.
Akande-Sadipe alleged that the Central Bank of Nigeria (CBN) had become a willing tool for the fifth columnists in the All Progressives Congress (APC).
The statement read: “It is unacceptable for the CBN to leave the citizens of this great nation to suffer because of its lack of foresight and planning, the redesign of Naira is a good initiative but the deadline was not well thought out, and the implementation and procedural policy a major failure.
READ ALSO: Naira scarcity: One killed as protesters, security agents clash in Oyo
“Turning a good initiative into a bad idea impact the economy. The CBN must take responsibility for its actions and work to rectify this situation urgently.
“Anyone with the intent to sabotage for political gains does not have the interest of the nation in mind and such behaviour is unacceptable.
“We will not allow a few individuals to hold this nation hostage for their own selfish interests. The APC presidential candidate, Asiwaju Bola Ahmed Tinubu, means well for Nigerians. His antecedent and blueprint as Governor of Lagos State speak for itself.
“We understand the difficulties of today. Please let’s stay calm and remain resilient in the face of these hardships. The end of the tunnel is not far off.”
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: In Kwara, multimillion-naira milk processing plant is abandoned, converted to a chicken outlet
After the government spent millions of naira to establish a milk processing plant in Kwara State that would provided jobs...
SPECIAL REPORT: For Sokoto communities, promise of healthcare is akin to death sentence
In this story, ABDULRASHEED HAMMAD delves into the dire realities of Primary Health Care services in Sokoto State, shedding light...
ICYMI…SPECIAL REPORT: NNPCL hides behind PIA to frustrate disclosure, accountability
Nigeria’s major oil company, Nigerian National Petroleum Corporation Limited (NNPCL), in what appears to be a common practice of disregard...
INVESTIGATION: Multi-million naira Ekiti resort center remains uncompleted a decade after
The multimillion-naira project, expected to comprise recreational buildings, now consists of cassava farmland, a bush used for excretion, and a...
SPECIAL REPORT: Torturous experiences of students with disabilities in Oyo tertiary institutions
For students with disabilities in Oyo state-owned tertiary institutions, learning is a torturous and distressing experience, considering the building structures...