Naira Scarcity: House of Reps Committee on Diaspora calls out CBN


…Urges Nigerians to be resilient in the face of hardship

The Chairman, House of Representatives Committee on Diaspora, Hon. Tolulope Akande-Sadipe has called out the Central Bank of Nigeria (CBN) over its policies and failure to supply the new naira notes to Nigerans.

The shortage of Naira notes in the Nigerian economy due to the Central Bank of Nigeria, CBN’s policy and lack of supply of the new naira notes has led to immense hardship for the people of Nigeria.

Akande-Sadipe who recently collaborated with a Senatorial candidate in Oyo State to rehabilitate a kilometre stretch of Ayegun-Oleyo road in her constituency, Oluyole, said the fuel scarcity in the country caused by the smuggling of fuel to neighboring countries has compounded the problem.

She said that CBN has made itself a tool for the opposition and fifth columnists in the All Progressives Congress, APC who are behind this hardship for political benefits in the upcoming February 25, 2023 elections.

In a recent statement issued by her Media aide, Olusada Olamilekan, Hon. Akande-Sadipe stated, “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. Turning a good initiative into a bad impact on the economy. The CBN must take responsibility for its actions and work to rectify this situation urgently.”

Sadipe also spoke out against the fuel scarcity in the country, stating that the smuggling of fuel creates immeasurable hardship for the people of Nigeria.

“Anyone with the intent to sabotage for political gains does not have the interest of the nation in mind and such behaviour is unacceptable”, Akande-Sadipe stated.

She added, “We will not allow a few individuals to hold this nation hostage for their own selfish interests. The incoming administration of Asiwaju Bola Ahmed Tinubu means well for the people of Nigeria. His antecedence and blueprint as Governor of Lagos speaks for itself.”

Sadipe, however, sent a message of hope to Nigerians, stating, “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.”

Photo: Hon. Tolulope Akande-Sadipe, Chairman, House Committee on Diaspora matters.

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