The cash crunch brought on by the Central Bank of Nigeria (CBN)’s naira redesign policy, according to Senator Orji Uzor Kalu, is affecting him.
Orji claimed in an interview with Channels Television’s election program The 2023 Verdict that his family recently ran out of money to cook.
Although the policy is correct, I do not keep any money in my home, as you can see. “I am in pain,” he declared.
My Abuja-based wife was recently informed by my house manager that we do not have the funds to prepare food. We feed over 250 people every day, and my wife was virtually everywhere. It is a problem for everyone, including me.
President Muhammadu Buhari and the governors of the All Progressives Congress (APC) have disagreed about the policy.
They had taken the Federal Government to court in a lawsuit. While the court prevented the CBN from extending the expiration date for the previous naira notes, Buhari declared that the N500 and N1000 notes were no longer valid forms of payment.
He only requested that the N200 notes be circulated through the day before the March 11 governorship election.
Kalu responded by asking the president to follow the Supreme Court’s orders.
“For this reason, if I were Mr. President, as I have previously informed you, I would listen to the decision of the Supreme Court. Whether or not the Supreme Court is correct, I believe Mr. President should obey the law and request a review from his Attorney General.
Asiwaju Bola Tinubu, the APC’s presidential candidate, was also discussed by Kalu, who currently represents Abia North in the National Assembly.
He claimed that Tinubu, who hails from the South West and is popular in the North, will garner support in the South East.
“My governor in this place, Okezie Ikepazu, will support Tinubu as well.” Tinubu will receive the vote in my district for the Senate. He stated, “The puncher to give the 34, 35 percent to be on the ballot.”