...it makes no economic or political sense to change naira now
Kaduna State Governor, Nasir El-Rufai, says there are some “elements” in the seat of power, Aso Rock, working against the presidential candidate of the All Progressives Congress (APC), Asiwaju Bola Tinubu.
He said this on Wednesday when he appeared on Sunrise Daily, a Channels Television breakfast programme.
According to him, these persons are aggrieved that Tinubu defeated their candidate in the APC presidential primaries.
This is coming a week after the ruling party’s presidential candidate said there were plans to stop him from winning the election.
Tinubu had said fuel scarcity and naira redesign were targeted at him.
El-rufai said those working against the APC candidate were more powerful than all the G5 put together and control critical government agencies.
He however refused to reveal their identities.
He said these elements were hiding behind President Muhammadu Buhari’s desire to do what he thinks is right.
He said, ”I believe there are elements in the Villa that want us to lose the election because they didn’t get their way; they had their candidate. Their candidate did not win the primaries.
“They are trying to get us to lose the election, and they are hiding behind the President’s desire to do what he thinks is right. I will give two examples: this petroleum subsidy, which is costing the country trillions of naira, was something that we all agreed would be removed.
“In fact, I had a discussion with the President and showed him why it had to go. Because how can you have a capital budget of N200bn for federal roads and then spend N2tn on petroleum subsidy? This was a conversation I had with the President in 2021 when the subsidy thing started rising. He was convinced. We left. It changed. Everyone in the government agreed, and it changed.
“The second example I will give is this currency redesign. You have to understand the President. People are blaming the governor of the central bank for the currency redesign; but no. You have to go back and look at the first outing of Buhari as president. He did this; the Buhari, Idiagbon regime changed our currency and did it in secrecy with a view to catching those that are stashing away illicit funds. It is a very good intention. The President has his right. But doing it at this time within the allotted time does not make any political or economic sense.”
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