OHANAEZE, YORUBA YOUTH COUNCILS BACK CBN CASHLESS POLICY

Ohanaeze Ndigbo Youth Council Worldwide and the Yoruba Youth council throwing their weight behind the new cash policies by the Central Bank of Nigeria (CBN).

Recall that the CBN had last week announced cash withdrawal limit policies, a development that has generated mixed reactions among Nigerians.

The youth councils in separate statements issued by the National President of Ohanaeze Ndigbo Youth Council Worldwide, Mazi Okwu Nnabuike and his Yoruba counterpart, Comrade Eric Oluwole, stated that the youths were in support of the decision of the apex bank that is meant towards stabilising the country’s economy and restore sanity in the expenses of Nigerians.

The youth council leadership blasted members of the National Assembly for kicking against the policy, saying that corruption was fighting back the good policy of the apex bank in adding value to the country’s currency.

The statement believed that the new cash policy would definitely check corruption and other abnormalities thereby inculcating the culture of contentment and a departure of the flamboyant way of life.

According to Mazi Nnabuike, Nigerians should support any measure aimed at stabilizing the Naira at this time when the economy is bleeding.

He explained that there were other far reaching benefits that would help secure the future of the children and youths, urging the National Assembly to stop further opposition to the policies as the masses would reap the benefits in the long run for their development as citizens of the country.

Comrade Oluwole, on behalf of the Yoruba youth Council, noted that the development would accelerate Nigeria’s migration into a cashless economy, reduce inflation and help in the stabilisation of the exchange rate that has put many Nigerians into hardship.

He further urged the CBN to orientate Nigerians on the reasons and advantages of the policy in order to reduce confusion.