CBN Policy : Ohanaeze Ndigbo Throws Its Support To Emefiele

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By Lateef Taiwo

 

Apex Igbo socio-cultural organization, Ohanaeze Ndigbo Youth Council Worldwide has thrown its weight behind the Central Bank of Nigeria, CBN, new cash policies.

 

The CBN had within the week announced some cash withdrawal limit policies, a development that mixed reactions from Nigerians.

 

However, in a statement on Saturday, the National President of Ohanaeze Ndigbo Youth Council Worldwide, Mazi Okwu Nnabuike said the youths were in support of the apex bank.

 

Okwu, who berated members of the National Assembly for kicking against the policy, said corruption was fighting back.

 

He said, “at a time the economy is bleeding, Nigerians should support any measure aimed at stabilizing the Naira. The cash withdrawal limit is an effective monetary policy.

 

“We the Igbo youths are firmly in support of the policy as it would aid in fighting corruption which has been entrenched in the Nigeria system.

 

“We also have no doubt that it will help in the stabilisation of the exchange rate and reduce inflation.

 

“Besides, it is also a bad market for all vote buyers. As Nigerians prepare for the 2023 election, all those who have stashed money waiting to buy voters must be living in regrets now.’

 

Okwu, while noting that there were other far reaching benefits “that would help secure the future of our children and our youths”, urged the National Assembly to stop further opposition to the policies

 

He declared that on the long run, the masses would reap the benefits.

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