The presidential candidate of the New Nigeria Peoples Party (NNPP) Rabiu Kwankwaso, has maintained that he would suspend the Naira redesign policy of the Central Bank of Nigeria (CBN) if elected president come February 25.
Kwankwaso also said the masses majorly affected by the Naira redesign policy instead of the aristocrats who were the main targets.
The former governor of Kano state disclosed that the monetary policy was a mistake, because it has subjected the poor people to more hardships.
“The people whom the government thought would suffer the policy actually own the banks,” Kwankwaso said during an interview with Channels TV on Friday evening.
“We did not support the idea of currency redesign at this critical time. We support cashless policy but the timing is wrong,” he noted.
Senator Kwankwaso furthered that he would continue to keep old N200, N500, and N1,000 banknotes in circulation.
“Should I win (the presidential) election, we will allow every Nigerian who legally earned his money to come and exchange it with new banknotes,” he added.
