New Nigeria People’s Party NNPP presidential candidate Rabiu Musa-Kwankwaso has vowed to reverse the Central Bank of Nigeria’s CBN’s naira redesign policy.
The NNPP candidate also vowed to tackle insecurity and poverty if he is elected president in next Saturday’s presidential election.
Kwankwaso made the vow while addressing supporters in Funtua, Katsina state, on Tuesday.
He said he would allow Nigerians with the old 200, 500 and 1,000 naira notes to deposit them in banks.
According to him, the implementation of the main bank’s policy in a country like Nigeria, where 133 million citizens are poor and the nation’s economic situation is a recipe for crisis, would put more Nigerians in extreme poverty, hunger and incalculable difficulties.
He noted that the policy was aimed at tormenting “poor Nigerians”.
Kwankwaso said his future government would end the naira redraw policy and allow Nigerians to deposit the old naira notes in their respective banks.
He said: “They told us that 133 million Nigerians are poor, but they introduced a naira redraw policy in this critical election period. This policy has brought calamity, suffering, hunger and poverty to many poor Nigerians.
“But if they elect me as president of this country and other NNPP candidates, we agree to end the policy and allow them to take all their old naira notes to the banks for deposits and other transactions.
“We at the NNPP plan to provide Nigerians with good governance, restore peace, address insecurity and improve the economy. Nigerians, especially those in Katsina State and other northern states, have suffered enough already. We are on a rescue mission.”
Kwankwaso added that NNPP has the political wherewithal to end insecurity in Nigeria, rebuild the country’s economy and create job opportunities for the country’s multitude of unemployed youth.
He vowed to recruit more security personnel to combat rising insecurity and modernize the nation’s education sector so meaningful development can flourish.