Governor of Ondo, Rotimi Akeredolu (SAN), has warned that current hardship being faced by Nigerian as result of the scarcity of new naira notes and hike in petrol price, may lead to “unpleasant consequences” if the situation is not addressed.
In a statement on Friday, Akeredolu called on President Muhammadu Buhari to take urgent steps to avert an impending crisis. The governor said the struggles and fights in banking halls, ATM, POS points and markets across the country are worrisome.
He lamented that the ordinary people can no longer access the monies to feed their families, stressing that implementing such policy at this time raises serious suspicion of partisanship on the part of the Central Bank of Nigeria (CBN).
The statement reads: “The struggles and actual fights recorded in banking halls, ATM and POS points, and markets across the country are disquieting. The choice of this period for the implementation of a policy, which bears an instant negative impact with no discernible mitigation in sight, raises serious suspicion of partisanship on the part of the CBN.
“The ordinary people are the victims. Depositors can no longer access their monies even to feed their families. Hunger is not the anticipated result of a monetary policy.
“While no reasonable person will contend with the decision of the CBN to discharge its statutory functions, the plight of the downtrodden must, however, be considered. “Majority of Nigerians groan, at present, under the crushing weight of these crises.
“There is pervasive discontent in the land and unless some urgent redemptive steps are taken to ameliorate the debilitating effects of seeming desultory and nonchalant disruptions of their normal simple lives, a series of events with unpleasant consequences is inevitable.
“There is palpable anger engendered by frustration in the land. The wave of discontent increases with unbelievable rapidity across the country.
“The current hardship being experienced by the ordinary people forebodes unpleasant consequences. These crises may set in motion a chain of events the end of which is better imagined.
“The Federal Government must make a categorical pronouncement on the availability of petrol and its price since it is the general belief that the country still pays humongous amounts as subsidy.
“A situation which permits a few individuals to inflict pains on the populace, seemingly without check, is deplorable.
“The CBN Governor, Mr. Godwin Emefiele, must come clean on the new monetary policy. Nigerians are practically buying the country’s currency to feed when we are not in a state of war.
“The fact that the ruling party hopes to present candidates for election in the general elections in the coming weeks accentuates the level of suspicion as regards the possibility of having certain elements whose interests stand at variance with the general aspirations of the party and its committed members.
“There is no better way to de-market a brand than this ruthless execution of a pernicious motive. The Federal Government, through the President must act now.”