Governor Abdullahi Umar Ganduje of Kano State, said the prevailing cash crunch and the biting economic hardship that attends it, occasioned by the naira swap initiative of the Central Bank of Nigeria, CBN, is a form of COVID.
Recall that the Coronavirus Disease of 2019, COVID-19 that ravaged the world contracted global economy, and threw many into financial distress, with governments, charity organizations and charitable individuals providing palliatives.
Ganduje said the CBN’s naira- redesign-swap-induced widespread financial challenges is a counterpart of the dire financial straits experienced during COVID-19 time.
The governor’s remark was made known via a statement issued by his Chief Press Secretary, Abba Anwar.
In it, Anwar laid out very clearly what his principal said on Tuesday at Kano Government House while distributing palliatives to solace some residents of the state across the 44 local government areas, and ease the hardships caused by scarcity of naira notes.
The statement in part, “We will not stop blaming the CBN for this economic blunder. We love our people. Therefore, anything that will disturb their well-being must be rejected, till proper channel and good time are put forth.
“We didn’t invite this situation, neither did we pray for it; and, therefore, we don’t welcome it at all. We gave similar palliatives during the COVID-19 days. And today our citizens are being faced with COVID-23 caused by the CBN. We earlier thought it was a simple disease, but unfortunately, it turned out to be a very serious virus going viral.
“The virus coming from the CBN has affected all our commercial banks, our POS, our ATMs and all other things associated with this. Being the most populous state in the country, we are most affected by this unfortunate development.”
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