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Home»Business/Banking & Finance»Old notes: Avoid repeat of 1984 in 2023, PDP advises Buhari
Business/Banking & Finance

Old notes: Avoid repeat of 1984 in 2023, PDP advises Buhari

TheStoriesBy TheStoriesJanuary 26, 2023No Comments2 Mins Read
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THESTORIES reports that the Peoples Democratic Party (PDP) has warned President Muhammadu Buhari to avoid putting Nigerians into the 1984 situation by insisting on the January 31, 2023 deadline for the old Naira notes exchange.

This online platform further reports that the warning is contained in a statement by the party’s spokesperson of the party, Hassan Sahabi Sanyinnawal made available to newsmen on Wednesday.

According to the statement, the Chairman of the Sokoto State Chapter of the party, Bello Aliyu Goronyo recalled that Nigerians suffered during the military regime of Buhari when he ordered the Central Bank of Nigeria (CBN) to effect change of the country’s currency.

“In 1984 when President Muhammadu Buhari was military Head of State, made Nigerians to suffer unduly as a result of his monetary policy. They not only suffered in the process of changing their hard-earned money to the new notes but also recorded losses as a result.

“Till date, many of those Nigerians have not recovered from the losses and many died as a result of the tense situation they found themselves,” he said.

Goronyo opined that in 1984 when he made the dictatorial order, Buhari was in the military.

“Mr President should know that this is not a military regime. This is a democracy and the people elected him to power.

“As democracy, Mr President should trade with caution and listen to the people that elected him,” he said.

Goronyo further said that Buhari should listen to the calls by Sultan Sa’ad Abubakar, the leadership of the National Assembly (NASS), and other Nigerians by ordering the CBN to extend the deadline.

“We are aware that His Eminence, Sultan Sa’ad Abubakar, the Senate, and the House of Representatives have made calls to the CBN to consider extending the deadline for Nigerians to be able to get the new notes.

“These calls are legitimate, considering the hardship that citizens were already experiencing as a result of unacceptability of old notes by traders, and POS operators.

“We advise Mr President to, as a matter of urgency, order the CBN to extend the January 31st deadline to ease the suffering of Nigerians,” he said.

CBN Old Naira notes President Muhammadu Buhari Sokoto PDP
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