The Arewa Youth Consultative Movement and the Middle Belt Youth Forum have passed a vote of confidence on the new cash withdrawal limit policy of the Central Bank of Nigeria (CBN).
This was one of the resolutions of the groups read in a joint press conference by the two groups in Abuja.
The chief convener of the groups, Godwin Meliga also said the policy was a lethal blow to vote buyers, money launderers, and financial criminals, saying that it is timely.
Urging all Nigerians who desire a better Nigeria to support the policy as it was in public interest and not designed or directed against any section of the country, Meliga said the policy is in public interest and not made to further impoverish the poor masses of Nigeria particularly in the North, while endorsing the policy.
He added that the policy will hand over the control of money in circulation back to the CBN and this will enable better management and control of the economy, inflation and other factors which will enable the federal government improve the lives of citizens.
He also urged members of the National Assembly not to support any plot to use the lawmakers to oppose the cash withdrawal policy.
Meliga further claimed that the groups were in possession of information about moves by some corrupt politicians to infiltrate particularly the House of Representatives and lure the members to oppose the policy.
However he urged for support, saying with both the general election and removal of petroleum subsidy scheduled for next year, the failure of the CBN to take control of the cash in circulation leaves the country in a vulnerable position.
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