Dumebi Kachikwu, the African Democratic Congress (ADC’s) presidential candidate, has derided the Central Bank of Nigeria’s (CBN’s) new N100,000 per week withdrawal policy, claiming it will harm the general populace and go into effect on January 9, 2023.
He claimed that the Federal Government, led by the All Progressives Congress, APC, had run out of options for saving the economy and that the new policy was a hoax on Nigerians.
His words: “The APC Government continues to wag the dog and unfortunately most Nigerians fail to realize they are being scammed.
“The Nigerian economy has collapsed and instead of admitting that they have ran out of solutions, they continue to deceive the gullible public.
“I have always maintained that the redesign of the naira was a gimmick meant to cover up the collapse of the naira. They are deceiving Nigerians that it is about elections and most Nigerians are buying it but it is not true.
“Nigerians should study what happened in Lebanon, Greece, Zimbabwe, and Venezuela and understand how failed governments restrict cash withdrawals to slow down the collapse of the economy. This is the same thing the APC government is doing.”