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Naira Redesign: We’re on our knees – Emefiele rules out extension of 10-day, begs Nigerians

The Central Bank of Nigeria, CBN Governor, Godwin Emefiele has ruled out the possibility of extending the 10-day grace for the old Naira notes to remain in circulation. He appealed to Nigerians to endure the pains emanating from difficulties in getting the newly redesigned Naira notes from financial institutions.

The governor who made the appeal on Friday during a press conference in Lagos said the pain is temporary, stressing that cash will be available in no distant time. He said the leadership of the apex bank had appealed to commercial banks to manage the situation properly while the cash circulates.

He said, “On the clamour by people to move the deadline by one more year or if we are open to further extension of the deadline. I would say no. “I’m sure that people are going to say that only last week Tuesday, I said no, but I want to say unfortunately again, this time, we will not be looking at an extension of deadlines.

“We do see that there will be some transient or temporary pains. But I will appeal, we are begging, we are on our knees begging people to please show understanding they should be calm”. DAILY POST reports that angry Nigerians on Friday staged protests in some parts of the country, lamenting the scarcity of the new Naira notes.


Source: Dailypost



You Will Fail Without Us – Wike Threatens PDP’s Atiku Days To Presidential Election

Governor of Rivers State, Nyesom Wike, has threatened the Peoples Democratic Party (PDP) presidential candidate, Atiku Abubakar, that he will lose at the polls without the support of the Rivers chapter of the party.
21 days before the 2023 presidential election, Wike said whether the former Vice President likes it or not, he needs the support of his state to win, or else he is walking into failure.

Naija News reports that Wike made the statement on Friday while speaking at the Comprehensive Secondary School field, Ibaka Town, Okrika Island, during the Rivers State PDP Campaign flag-off rally for Okrika Local Government Area. The PDP chieftain alleged that the cabal in the presidency is backing Atiku to win the presidency.

According to him, recent events had vindicated him over his initial public statement that the PDP presidential candidate and his supporters boasted that they did not need the G-5 governors to win the election because they had been assured of victory by a cabal in the presidency. “I said they have been given assurance, but this election is not going to be based on that cabal assurance. It is on the people’s assurance,” Wike said.

Wike, who was soliciting support for Siminialayi Fubara, his running mate Prof Ngozi Odu and other PDP candidates in the state, insisted that Atiku and his camp will need Rivers State to win or they would lose the election. “Whether you like it or not, you must need Rivers State. If you don’t need Rivers State you must fail. If you say you don’t want us, you’ll fail. There is no two ways about it,” Wike threatened.


Source: Naija News