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Business News of Tuesday, 7 February 2023

Source: thenationonlineng.net

Naira, fuel scarcity crisis will soon be over, Tinubu assures

Asiwaju Bola Ahmed Tinubu Asiwaju Bola Ahmed Tinubu

With the scarcity of new Naira notes and fuel unabated in many parts of the country

Presidential candidate of the ruling All Progressives Congress (APC) Asiwaju Bola Ahmed Tinubu has appealed to Nigerians to remain calm over the fuel and cash scarcity.

He said the government and relevant agencies were working out solutions to the scarcity, assuring it would soon be over.

In a statement by the Director, Media and Publicity of the APC Presidential Campaign Council, Bayo Onanuga, Tinubu sympathised with the people, especially the downtrodden bearing the brunt of the new naira policy by the Central Bank of Nigeria (CBN) and irregular supply of petrol that have combined to inflict avoidable pains on the masses.

The APC flag bearer commended the NNPC Limited for the fuel supply relief being enjoyed in the Federal Capital Territory and urges the company to step up its act to bring relief around the country.

He also urged the apex bank not to be dogmatic in the deadline it has fixed for the transition from old Naira notes to the new ones, especially as the unintended consequence of the policy has been massive pain on our people.

The former Lagos Governor said he is distressed by the news of cash-strapped farmers having to sell their produce excessively cheap to avoid losing all. Such a dispiriting experience in the short term, he said, maybe a disincentive to hardworking farmers.

The frontline presidential candidate assured Nigerians the current challenges will soon be over and pleaded that people avoid anything capable of causing unrest in the country even when they are justifiably angry.

“This is a challenging period in the life of our country when our people are made to stay on the line for hours to get fuel and even get their own money from the banks.


“I empathise with Nigerians across the country especially the poor masses who have been made to bear the brunt and pains of the CBN Naira policy and fuel scarcity the most.

“While government continues to work to solve these problems, let’s stay calm, maintain the peace and continue to shun and avoid any act capable of causing civil unrest and disharmony.

“What the opposition and enemies of democracy want is to create a state of national siege and tension that can disrupt the coming general elections and create an atmosphere of strife in our country.

“We must say no to them. We must be resolute and stand firm to protect our democracy by ensuring we hold our elections in a peaceful and orderly manner.

“I am in this race to bring renewed hope and prosperity to all Nigerians.

“There are no challenges that will be difficult for us as a people to surmount when we stand in unity of purpose.

“When you elect me, I will work to ensure security, economic prosperity, national unity and cohesion and we will together build a country that will be a source of joy to us all and a pride to every black person everywhere in the world,” Tinubu said.