Naira Redesign Crisis: State- By- State Analysis Shows Policy Affects Intra- State Security, NGF Writes Buhari
The Nigeria Governors Forum has written President Muhammadu Buhari on the Naira Swap dates controversies , warning that from the state-by-state analysis of the policy it has shown that it would affect “several intra-state security arrangements which basically depend on cash transactions to ensure effective implementation”.
The NGF among other considerations, wants the timeframe implementation deadline extended, in addition to demanding a review of the Central Bank of Nigeria’s (CBN) cashless policy.
The governors stand, followed protests and growing hardship across the country following the February 10 deadline for the swap of the old notes.
However, in a letter addressed to Buhari, and signed by the forum’s Chairman and Governor of Sokoto State, Aminu Tambuwal, the NGF, noted that the policy had resulted in riots and protests from Nigerians who are clearly frustrated by this policy.
They argued that while the policy is “intended to address the contradictions in our fiscal environment”, poor execution of it would “hurt the economy and have a disproportionate impact on the most vulnerable”.
The NGF explained that state-by-state analysis of the policy has shown that it would affect “several intra-state security arrangements which basically depend on cash transactions to ensure effective implementation”.
“Even though the identified constraints are to be found in almost every state in the country, they are particularly evident in states like Borno in the North East and Bayelsa in the south-south where one finds a pitiable number of banks located only in the State capital which would basically render the workability of the new policies impossible for now.
“The speed of implementation of the policy is a recipe for anarchy in the country and we urge a re-think of the policy. Regarding the reviewed cash withdrawal limit, we have found from synthesizing experiences across the country that the informal sector in the States, particularly in the Northern and Niger Delta States almost wholly depends on cash transactions because of the nature of their trade.
“It is our view, Sir, that an immediate limitation in the use of cash without robust engagement with stakeholders as well as the provision of accessible alternatives will deny such people legitimate sources of livelihood.
“We fear that the cumulative effect of these unintended but very profound and probable consequences of these policies would be a rise in the number of unemployed and unengaged persons who will inevitably resort to crime to make ends meet. This has a dangerous implication for the security of the country and the potential to derail Mr President’s security agenda,” the letter reads.
The NGF noted the “remarkably unavailability” of the new naira notes, and the fact that some banks were rejecting the old notes even though they were still legal tender.
FG Approves N24.2bn For Free Internet At Airports, Schools, Markets
THE Federal Government has approved free internet services worth N24.2 billion naira at 20 selected airports, 43 universities and six markets across the country.
The Minister of Communications and Digital Economy Isa Pantami, disclosed this after the Federal Executive Council (FEC) meeting chaired by President Muhammadu Buhari yesterday
Pantami said that the airports were selected from the six geo-political zones.
“Certain intervention projects are going to be implemented by the Federal Government of Nigeria through the Nigerian Communications Commission of providing Internet in 20 selected airports in Nigeria and higher institutions of learning and also some markets to support micro small and medium enterprises.
“In each geopolitical zone, you have around three airports. In the South-West, we have Lagos and Ondo. For the South-East, we have Anambra and Enugu.
“For the South-South, we have Port Harcourt and Akwa Ibom. For the North-Central we have Abuja and Ilorin. In the North-West, we have Kano, Sokoto and Kebbi. For the North-East we have Yola, Maiduguri and Gombe.”
The minister said the markets and 43 institutions which include universities and polytechnics were also drawn from the six geopolitical zones, adding that it will ease e-learning in schools and also enhance the transition to a cashless economy.
Buhari Approves Appointment Of 6 New Perm Secs
President Muhammadu Buhari yesterday approved the appointment of six new permanent secretaries in the Federal Civil Service
The appointments followed after a recent conducted selection process.
The Head of the Civil Service of the Federation (HOCSF),Dr Folasade Yemi-Esan, made this known in a statement by Mohammed Ahmed, Director of Communications of the Office of the HOCSF,
The appointees and their states of origin are Esuabana Asanye (Cross River), Mahmud Kambari (Borno), Richard Pheelangwah (Taraba), Lamuwa Ibrahim (Gombe), Yakubu Kofar-Mata (Kano) and Oloruntola Michael (Ogun).
DSS Confirms Plot To Install Interim Govt
The Department of State Security Service has said that the plot to Instal interim government was real
DSS noted that the plot was “by some key players” to install an interim government and stop Bola Ahmed Tinubu from being inaugurated as president.
A statement on Wednesday, by Peter Afunanya, the public relations officer of the secret police, said: “The Department of State Services (DSS) has identified some key players in the plot for an Interim Government in Nigeria.
“The Service considers the plot, being pursued by these entrenched interests, as not only an aberration but a mischievous way to set aside the constitution and undermine civil rule as well as plunge the country into an avoidable crisis.
“The illegality is totally unacceptable in a democracy and to the peace loving Nigerians. This is even more so that the machination is taking place after the peaceful conduct of the elections in most parts of the country.”
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