Ohanaeze Youths Supports Cash Withdrawal Limit, Give Reasons | READ WHY
The limited cash withdrawal policy of the Central Bank of Nigeria (CBN), has gotten the support Igbo youths under the aegis of Ohanaeze Ndigbo Youth Council Worldwide.
Recall that the CBN instituted a cash withdrawal policy of N20,000 per day and N100,000 or N500,000 per week for individuals and corporate bodies respectively.
Although most persons including the National Assembly has kicked against the policy, Ohanaeze youths in a statement released on Saturday, by their National President, Mazi Okwu Nnabuike said;
“at a time the economy is bleeding, Nigerians should support any measure aimed at stabilizing the Naira. The cash withdrawal limit is an effective monetary policy.
“We the Igbo youths are firmly in support of the policy as it would aid in fighting corruption which has been entrenched in the Nigeria system.
“We also have no doubt that it will help in the stabilisation of the exchange rate and reduce inflation.
“Besides, it is also a bad market for all vote buyers. As Nigerians prepare for the 2023 election, all those who have stashed money waiting to buy voters must be living in regrets now.’
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