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Kwankwaso Vows To Reverse CBN’s Naira Redesign Policy If Elected



The New Nigeria People’s Party’s (NNPP) presidential candidate, Rabiu Musa-Kwankwaso, has vowed to stop the Central Bank of Nigeria’s (CBN) naira redesign strategy.

The NNPP nominee also pledged to combat poverty and insecurity if chosen as the next president in the election scheduled for next Saturday.

READ ALSO: Naira Scarcity: CBN Confiscated, Didn’t Swap Currency – El-Rufai

This pledge was made by Kwankwaso on Tuesday while speaking to supporters in Funtua, Katsina State.

He declared that he would permit Nigerians to deposit their old 200, 500, and 1,000 naira banknotes at the banks.

Kwankwaso claimed that the apex bank’s policies would further plunge Nigerians into extreme poverty, starvation, and unimaginable suffering in a country where 133 million people live in poverty and the country’s economic state is ripe for crisis.

He stated that “poor Nigerians” were the aim of the policy.

According to Kwankwaso, the naira redesign policy will be ended and Nigerians would be permitted to deposit the old naira notes at their local banks.

He said, “We were told that 133 million Nigerians are poor but they introduced a naira redesign policy at this critical period of election. This policy has brought calamity, suffering, hunger and poverty on many poor Nigerians.

“But if you elect me as president of this country and other NNPP candidates, we agreed to end the policy and allow you to take all your old naira notes to banks for deposit and other transactions.

“We at the NNPP plan to provide Nigerians with good governance, restore peace, address insecurity and improve the economy. Nigerians, especially those in Katsina State and other Northern states, have suffered enough. We are on a rescue mission.”

Kwankwaso continued by saying that the NNPP has the political clout to put an end to insecurity throughout Nigeria, rebuild the nation’s economy, and generate employment prospects for the hordes of unemployed youngsters living there.

He promised to increase security staffing in order to combat the rise in unrest. Furthermore, he pledged to overhaul the nation’s educational system in order to promote genuine growth.


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