President Muhammadu Buhari met with the Progressive Governors Forum (PGF) in Abuja on Friday.
The meeting between the governors elected on the platform of the All Progressives Congress (APC) and the President is said to be taking place in the council room of the State House in Abuja.
During the meeting, the APC Governors urged President Buhari to allow the old and new naira notes to coexist in order to alleviate Nigerians’ suffering.
This comes only days after the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, announced that outdated notes would cease to be acceptable on February 10th, 2023.
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Nasir El-Rufai, Governor of Kaduna State, revealed on Friday that the governors made the proposal when they met with President Muhammadu Buhari in Abuja.
El-Rufai claims that President Buhari did neither deny or approve the proposal.
El-Rufai told journalists in Hausa on Friday that while the CBN had collected almost N2 trillion in old notes, it had only printed N300 billion, which he said was insufficient.
The Kaduna State Governor, who was accompanied by his Kano counterpart, Abdullahi Ganduje, stated that even if the CBN wanted to adopt the cashless policy, it should have printed half of what it mopped up, which should have been N1 trillion, to begin with.
He stated that they informed the President that the populace are suffering and that traders are losing items owing to a lack of patronage.
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He mentioned tomato vendors who traveled to Lagos with their goods but received nothing since people did not have money to buy.
The Governor stated that they had asked the President to reconsider his positions.
He said that the Chairman of the Progressive Governors’ Forum (PGF), Atiku Bagudu, has returned to meet with the President discreetly in the hope of persuading him.
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