Ohanaeze Youths Supports Cash Withdrawal Limit, Give Reasons | READ WHY
Faith Ukanwa
Dec 10, 2022
Ohanaeze Youths Supports Cash Withdrawal Limit, Give Reasons | READ WHY
The limited cash withdrawal policy of the Central Bank of Nigeria (CBN), has gotten the support Igbo youths under the aegis of Ohanaeze Ndigbo Youth Council Worldwide.
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Recall that the CBN instituted a cash withdrawal policy of N20,000 per day and N100,000 or N500,000 per week for individuals and corporate bodies respectively.
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https://youtu.be/PkaKEprA6Dg
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Although most persons including the National Assembly has kicked against the policy, Ohanaeze youths in a statement released on Saturday, by their National President, Mazi Okwu Nnabuike said;
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"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.
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"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.
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"We also have no doubt that it will help in the stabilisation of the exchange rate and reduce inflation.
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"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.'
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— Faith Ukanwa