10/02/2023
Publisher: SHINA J .O
The Edo State Government has distanced itself from the comments and moves by the Governor of Kaduna State, Nasir El-Rufai and some other governors against the currency swap policy of the Central Bank of Nigeria, CBN.
A statement signed by the Special Adviser to the State Governor on Media Projects, Crusoe Osagie distanced the State Government from the comments of the Kaduna State Governor and urged for guided utterances and against inferences in such critical matters, especially in the heat of the political season.
He said Edo State was not a party to the suit instituted by the Governments of Kaduna, Kogi and Zamfara States against CBN’s policy and so took exception to the claim by the Kaduna State Governor that the move by the three state governments was backed by Nigeria’s thirty six State Governments.
Crusoe Osagie noted that the currency swap policy, which is intricately linked to the cashless policy of the CBN, is aimed at promoting financial inclusion; preventing inducement of voters in the forthcoming elections; tackling corruption and money-laundering and checking ransom payments among other cash-based financial infractions.
He acknowledged that the State Government is aware of the difficulties that have arisen from the cash swap policy and empathised with all Nigerians over the challenges faced with accessing the new notes as well as other difficulties in conducting financial transactions in the last few days.
Osagie added that the situation is being managed by the concerned authorities and relief being sought by the authorised agencies but it was disingenuous for a suit to be filed by three state governments and then inferences made to the effect that it was the entire state governments in Nigeria that sued the Federal Government and that they all stood against the CBN’s policy.
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