Emefiele’s withdrawal limits retaliatory, calculated against politicians – Fintiri
The Central Bank of Nigeria (CBN) set cash withdrawal limits with the intention of hurting politicians, according to Adamawa State Governor Ahmadu Fintiri.
Fintiri emphasised on Friday that CBN Governor Godwin Emefiele has targeted the political class with his policy.
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In response to the new CBN policy, Fintiri claimed that the move, which came soon after Emefiele’s unsuccessful foray into politics, could only have been retaliatory.
Fintiri was speaking during his 2023 governorship campaign engagement in Kala’a, a community in the Hong local government area.
Emefiele’s withdrawal limits retaliatory, calculated against politicians – Fintiri
“What causes poverty to breed? economic regulations. Take a look at the Central Bank’s impending policy change, which would further plunge the nation into poverty.
Nobody is advocating against a cashless economy, but it should be done gradually and methodically.
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As Fintiri put it, “We should not act as though some people wanted to be politicians but were denied the chance, then they use their office to punish the politicians.”
Fintiri instructed the owners of important national institutions to always act in the best interests of the entire country, sounding as though he genuinely believed that the CBN was deliberately trying to harm some people with its cash policy.
In addition to calling for true federalism in his remarks at Ka’ala, the governor earlier on Thursday urged the appropriate parties to amend the constitution to permit a true federation in which the states generate their own revenue and exercise complete control over it.
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