Ohanaeze, Akeredolu, And Others Warn Buhari About The Fuel and Currency Crises

FG Obeys Supreme Court
  • Ohanaeze, Akeredolu, And Others Warn Buhari About The Fuel and Currency Crises

Rotimi Akeredolu, the chairman of the Southern Nigeria Governors’ Forum and the governor of Ondo State, has urged President Muhammadu Buhari to address the problem before it snowballs into a crisis, a few days after Kaduna State Governor Nasir el-Rufai blamed “fifth columnists” for the country’s ongoing fuel and naira shortages.

In a statement he personally signed, Akeredor said people were forced to live in excruciating pain caused by naira and fuel shortages.

In a statement titled “The President Must Resolutely Intervene in the Petrol and Currency Notes Crisis,” the governor lamented:
“Nigerians are essentially buying their own currency to support themselves when there is no war going on.”

“This ugly development has already undermined the federal government’s goodwill for the stability achieved over the past seven years,” he said.

Akeredor said there were several unscrupulous factors behind the shortages in the distribution chain for both fuel and new naira notes.

“Nigerians have been plagued by shortages of petroleum products for some time. Fuel shortages are a phenomenon that this current government has once trashed in the record of past events, Suddenly becoming an integral part of our daily lives, there seems to be no solution to a long-standing crisis.

“Recorded and actual battles in bank halls, automated teller machines (ATMs), point-of-sale (PoS) devices, and markets across the country are disturbing.

“The lack of visible mitigation and the choice of this period to implement policies with immediate adverse effects raises serious suspicions of partisanship on the part of CBN.

“Victims are ordinary people. Depositors no longer have access to their money, even to support their families. Hunger was not the expected result of monetary policy,” the governor said.

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Meanwhile, the Ohanaeze Ndibo Youth Council Worldwide, the socio-cultural apex organization of the Igbo people, has called on the federal government to end the hardships and poverty facing Nigerians as a result of the reshaping of the naira note. He warned of impending national chaos if he didn’t strike, and a more serious fuel shortage.

The group issued a warning this weekend as Nigerians continue to face growing shortages of redesigned naira bills and high fuel costs.

The youths allege that some elements have conspired to sabotage the 2023 general election and thereby undermine the nation’s democracy.

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A statement from the President of the Country, Mazi Okwu Nnabuike, said the Central Bank of Nigeria (CBN) should act before it is too late, emphasizing that the #EndSARS rally will be child’s play compared to what happen to the country in the future.

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