Afrigather 
Governors of the 36 states of the federation are scheduled to fulfill President Muhammadu Buhari on Friday to debate the best way out of the current shortage of money within the system.
Nigerians are groaning underneath the excruciating lack of money to purchase fundamental gadgets and survive owing to the Central Financial institution of Nigeria (CBN)’s naira redesign coverage geared in the direction of mopping up extra money within the system.
There have been chaotic queues in banking halls and Computerized Teller Machines (ATMs) in quest of money throughout the nation whereas POS operators have lacked the money to offer to clients besides in uncommon circumstances the place they cost about 20 %.
Going through seemingly revolt from the individuals, governors have now resolved to fulfill President Buhari to persuade him to shift the deadline for the expiration of the previous notes past February 10.
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The deadline was initially slated for January 31 but it surely was shifted to February 10 final week.
The shortage has nevertheless gotten worse in the previous few days with fears that one other EndSARS-like mass revolt might begin from the banking halls.
Talking on Come up TV on Thursday, Kaduna state governor, Nasir El-Rufai, mentioned the cashless coverage of the CBN is fascinating however the deadline for the transition is unrealistic.
The governor mentioned earlier than such insurance policies are put in place, different stakeholders just like the Ministers of Digital Economic system and Finance have to be carried alongside, including that robust community and availability of financial institution branches throughout the nation have to be put into place.
He lamented that Nigerians, particularly northerners, have been on the receiving finish of the CBN’s insistence to offer a brief discover on the expiration of the previous notes, including that almost all rural areas within the north don’t even have banks and networks for POS operations are non-existent.
Forward of the upcoming elections, the governor urged Nigerians to not punish All Progressives Congress (APC) for the hardship they’re going via, saying naira redesign just isn’t a coverage of the ruling occasion.
He subsequently introduced that the governors will meet President Buhari to persuade him on the necessity to additional postpone the deadline for the expiration of the previous notes in order that the current panic will go away and rural dwellers may have sufficient time to get their money to financial institution with out shedding their hard-earned cash.
“President Buhari is a listening chief. We the governors will meet him tomorrow (Friday) and persuade him additional on the necessity to shift the deadline and permit our individuals have sufficient time to regulate to the brand new coverage and we all know he’ll take heed to us,” the governor mentioned.
