EconomyNews

Edo State Govt Replies El-Rufai On Its Stance On Naira Swap

AFNews Reporter

The Edo State Government through its special adviser to the Governor on Media Projects, Crusoe Osagie has distanced itself from the comments and dispositions of Kaduna State Governor, as well as some other governors against the currency swap policy of the Central Bank of Nigeria (CBN).        

In a statement signed by Osagie, the state government stated that 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”.

“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),” he said.

“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 acknowledges the difficulties that have arisen from the cash swap policy and empathizes with all Nigerians over the challenges faced with accessing the new notes.

“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 statement added.

“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.”

Obaseki to El-Rufai: Not All 36 States Are against Cash Swap ...

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