Naira redesign not on economy basis, purely political – Obaseki

Chinenye Ogbonna November 3, 2022

1 1 minute read

Governor of Edo, Godwin Obaseki has described the policy to redesign the Naira as purely political with no basis on the economy of the country. He stressed that there are other urgent things the country needs to pay attention to.

The Governor said this while inaugurating the Edo State Peoples Democratic Party (PDP) Women Campaign Council at the Presidential Campaign Secretariat in Benin City, the Edo State capital, on Wednesday.

He said the urgency is how to get food for the citizens to remove starvation

Obaseki also said that the country will continue to fail if the All Progressives Congress (APC) wins next year’s election.

The Governor said; “They say we should all bring our naira and give it to them because they want to change it for us. Is that our priority now? How does changing of currency reduce the price of food in the market? They say they want to change our currency and dollars are going higher every day. We can’t even see dollars again.

“I am an economist and I can tell you categorically that this policy by the CBN and Federal Government has no basis in economics. There is no reason to do this; this is purely political.

“The urgency for us is how to get food for our citizens to remove starvation and hunger from the land. The urgency is on how to maintain discipline in our monetary policy so that we can manage our foreign exchange rate because we are import-dependent.”

“We can’t allow those managing our country (APC) to continue because if we allow the APC government to continue, the country will fail as the country is already failing.

“God sees how people are suffering in this country and will not allow them to manage Nigeria again. This 2023 election is about the continuous existence of Nigeria. If we don’t change the current leadership, I don’t know what will happen to this country. For us the PDP, we are the real only organic party. We are the only ones prepared for a free and fair election and our candidate, Alhaji Atiku Abubakar, is the most experienced.”