… Says economy is hanging imbalance …ask FG to address issues of insecurity, fuel scarcity, other

By Lukman Olabiyi

The National Youth Council of Nigeria (NYCN) has told Central Bank of Nigeria (CBN) to be more 

proactive to ameliorate suffering of Nigerians over Naira redesigned.

The council said the economy of the country is hanging imbalance due to  the new currency which  is yet to circulate.

Speaking at the a press conference held in Lagos, Amosu Tomi,

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Vice President of NYCN and other leaders of the council in  South West, applauded CBN’s initiative on new currency but asked the apex bank to to be diligent in the implementation, and learn from other countries that have tried the same policy and understudy those that failed and those that succeeded in cashless policy enforcement through currency redesign.

The youths’ organisation also expressed worry over spate of insecurity across the country, asked Federal Government to rise up and addressed the issues by giving all the security agencies a matching order.

Tomi said the leadership of the NYCN South West find it imperative to raise the alarm over issues of insecurity, fuel scarcity, naira redesign, and other issue affecting the well-being of the country as they continue to linger.

He said issue of insecurity, fuel scarcity, and naira redesign were all attempt to frustrate forthcoming general elections which government must put appropriate authorities on their toes in order to thwart the agenda of perpetrators who were bent on derailing Nigerian democracy.

“The insecurity still persists in some part of the country which is worrisome as we count down to the February 25 and March 11, 2023, general elections. Our security apparatus should do more in assuring Nigerians that the election will be safe for all to participate. The insurgents and kidnappings in some parts of the country should be given adequate attention. The votes of every common man must count and should not be subdued by security challenges. Criminals have dared our institution several times and tested our security architecture with commendable resistance. We demand continuous offensive security operation in all concerned communities to sustain confidence of Nigerians as we prepare for the 2023 general election”, Tomi said.

Speaking on the challenges being faced by Nigerians over Naira redesign, said:”the economy of the country is hanging imbalance as the new currency is yet to circulate. Fight and long queues are seen at the ATMs, and customers go through hardship to withdraw their own money.

The CBN  should desist from being unprofessional with such sensitive policy the citizens can no longer be subjected to torture in the name of currency redesign. The 10-day deadline extension can only be visible if the new currencies are widely circulated as at today , banks still dispense old note else, we doubt the state of the economy”, he added.

Tomi implored all Nigeria Youths to mobilize  and participate actively in the coming election, saying “our vote is our power, and our voice must be heard loudly at the poll”.