Naira Redesign: Nothern elders express disappointment, blame President Buhari

The redesign of the Naira, according to Northern Elders Forum (NEF) spokesperson Hakeem Baba-Ahmed, is the biggest demarketing effort against the All Progressives Congress (APC).

This was stated by Mr. Ahmed on Tuesday during a Channels TV interview.

The NEF official admitted that Mr. Buhari had made a mistake and said that the government had devastated the informal sector in recent weeks by devaluing the naira.

He claimed that the suffering brought on by the strategy is undermining support for the ruling party in the nation's north.

He claimed that the opposition party's worst enemy could not have chosen a more effective demarketing plan.

He claims that despite the fact that President Muhammadu Buhari has the power to end the crisis by allowing the two currencies to coexist, it appears that he is not paying attention to anyone.

“We got here because President Muhammadu Buhari has messed up to have allowed this type of fiasco to exist on the eve of an election when you are campaigning to have your party voted for.

“This money thing is a major demarketing strategy for the APC. If the worst enemy of the APC had designed a strategy for them to lose the election, he could not have picked a better strategy than this fiasco of redesigning the Naira.

“Their own people are saying it was designed to make Tinubu lose, the governors said this was designed to make him (Tinubu) lose. The candidate himself said the policy was designed to make him lose.

“People are starving – literally, people are starving. There is no money. In four weeks, you have destroyed the informal sector of the economy in one fell swoop because there is no money, there is no cash. Literally, there is a lot of anger, to see a situation where the president either appears unwilling or incapable of reigning in Emefiele by saying, listen, there are options, we can have the two running in the next six months,” he said.

Following a meeting with certain governors of the ruling party, Mr. Buhari declared that he should be granted seven days to address the shortage of banknotes. More than ten days after making the commitment, he still hasn't done so.

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