PDP Is Responsible For Naira Scarcity - Ayodele Fayose

A former governor of Ekiti state and a BOT member of the Peoples Democratic Party (PDP) has revealed that his party was responsible for the hardship Nigerians are going through over Naira redesign.

Fayose stated this during the TVC morning show on Tuesday, where he confessed that the Naira Redesign policy was a strategy by the PDP when its house is no longer in order.

Nigerians to date still suffer from the effect of the cash redesign policy which saw the Central Bank of Nigeria mop trillions of naira from circulation but released only a fraction of that as new notes.

The situation also brought about the hoarding of the new naira notes, naira racketeering, and Nigerians having to pay a premium amount to get cash for their daily and domestic use.

Despite the Supreme Court ruling that the old naira notes should remain in circulation till December 31st, 2023, many Nigerians, especially those in remote areas and petty traders are still unable to go by their normal commercial activities owing to the naira scarcity.

Fayose has now revealed that PDP is behind the laudable policy implemented hurriedly to impart negatively on the result of the 2023 General elections.

He also confirmed that he has stepped aside from being a PDP member for the benefit of Nigeria.