close
Thursday, February 16, 2023

Stop “destructive” protest against naira scarcity, Tinubu begs Nigerian youths

• February 15, 2023
Bola Tinubu [Credit: BAT]
Bola Ahmed Tinubu [Credit: BAT]

Bola Tinubu, the All Progressives Congress (APC) presidential candidate, has warned Nigerian youths against engaging in destructive protests over the hardship induced by naira scarcity.

The former Lagos governor made the appeal in a statement on Wednesday, shortly after a bank was razed by angry Nigerians in Delta state.

“I am saddened by reports  of violent protests in parts of our country today especially in Delta, Oyo, Kwara and Edo states. In Delta, there were reports of arson and destruction of bank branches.

“I want to appeal to our young people not to take laws into their hands through destructive protests. We feel your pains and frustration but destroying lives and properties will not solve any problem. Rather, it will only complicate the crisis we have on our hands,” Mr Tinubu said.

While assuring Nigerians that the hardship induced by naira scarcity will soon be over, Mr Tinubu added, “I sympathise with all Nigerians who are going through the pains of not being able to get money from banks and ATM points to meet their basic daily needs. I also sympathize with the banks for being victims of the CBN currency redesign policy.”

Three weeks ago, Mr Tinubu had in his rally at Abeokuta accused President Muhammadu Buhari’s regime of pushing naira redesign policy to sabotage his presidential ambition.

In October, the apex bank governor, Godwin Emefiele, announced the redesign of N200, N500 and N1000 notes, a policy Mr Buhari supported.

With the withdrawal of old notes from circulation, Nigerians have experienced an unprecedented naira scarcity in the past three weeks, disrupting economic and commercial activities across the country.

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

SCHENGEN VISA

World

France, Spain, Germany lead countries rejecting Schengen visa applications

The three nations had the highest rejection rates of visa applications submitted by travellers from third-country nationals wishing to visit their territory.

Bola Tinubu [Credit: BAT]

Politics

Nigerians can elect sick man as leader like some U.S. presidents, says Tinubu loyalist Iyin Aboyeji

Mr Aboyeji, a staunch supporter of the presidential candidate of the APC, Bola Tinubu, claims that while serving as president, Ronald Reagan had Alzheimer’s disease; John F

President Muhammadu Buhari

Rights

I feel your pains, Nigerians, over naira scarcity: Buhari

”I am deeply pained and sincerely sympathise with you all over these unintended outcomes.”

Long Queues at ATM

NationWide

Cash Scarcity: Economists urge CBN, banks to allow N100,000 withdrawals over counter

“I have argued repeatedly that CBN can order the commercial banks to pay as much as N100,000 over the counter.”

President Muhammadu Buhari, Vice President Yemi Osinbajo, and CBN Governor, Godwin Emefiele

Politics

Naira Scarcity: Buhari says he respects rule of law but won’t obey Supreme Court order

As an administration that respects the rule of law, I have also noted that the subject matter is before the courts of our land and some pronouncements have been made.

Governor Bello Matawalle 5

States

Bandits: Civil society condemns Zamfara government’s ban on NGOs

“The said order has threatened all well-meaning and friendly civil society organisations, development partners and donors. It also seeks to threaten the civic space.”