Forex crisis: #OccupyCBN movement pickets Abuja, makes demands

Date:

Organisers of #OccupyCBN movement returned to the streets of Abuja on Friday, demanding the immediate reversal of “punitive and fraudulent foreign exchange regime” of the Central Bank of Nigeria.

Thank you for reading this post, don't forget to subscribe!

The rally, which is holding for the second time in two weeks, was organised by Nigerian Wailers, a political action group led by Deji Adeyanju.

Mr. Adeyanju’s group is circulating pamphlets with graphical illustration of how the lingering foreign exchange crisis is enabling a few individuals with access to those in government to keep cashing in to the detriment of a plurality of Nigerians.

Nigerians have been groaning in hunger since the downward trend of the country’s economy began taking its toll last year.

The Buhari administration blamed shrinking value of the naira, low crude prices and runaway inflation for the crisis.

 The administration urged the citizens to be patient for the palliative measures being put in place to materialise.

But Mr. Adeyanju said Nigerians are grappling with unbearable hardship and called on the CBN to relax its grip on the national currency and gain the confidence of investors.

Babatunde Akinsola
Babatunde Akinsolahttps://naija247news.com
Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

Share post:

Subscribe

Popular

More like this
Related

Access Holdings to pay N1.80 as final dividend to shareholder

March 28, 2024. Azonuchechi Chukwu. Access Holdings has revealed plans to...

Police gun down two notorious bandits in Benue

March 28, 2024. Azonuchechi Chukwu. Men of Operation Zenda, a Joint...

Army declares eight wanted in connection with the k!lling of its officers in Okuama

March 28, 2024. Azonuchechi Chukwu. The Nigerian Army has declared eight...

Naira Appreciates Against Dollar at the NAFEM Window

March 28, 2024. Azonuchechi Chukwu. The Naira’s euphoric appreciation against the...
Social Media Auto Publish Powered By : XYZScripts.com

Discover more from Naija247news

Subscribe now to keep reading and get access to the full archive.

Continue reading