Political Parties Threaten To Boycott General Elections If CBN Extend New Naira Swap


No less than thirteen political parties out of the 18 political parties in Nigeria on Monday issued a warning to the federal government that any attempt to extend the date for naira swap will result in the boycott of the 2023 presidential election.

The parties say they will withdraw from participating in the 2023 general elections slated for February 25 and March 11 if the Central Bank of Nigeria extends the deadline of February 10 for naira swap.

The parties have declared that they won’t be participating in the elections if the new deadline of February 10, 2023 is shifted again.

The coalition of chairmen of political parties commended the President Muhammadu Buhari on the redesign of the N200, N500 and N1,000 banknotes and insisted that the policy must stand.

The parties also knocked the Kaduna, Kogi and Zamfara state governments for heading to the Supreme Court to get court injunction to extend the deadline for the validity of three old notes.

The National Chairman of the Action Alliance, Kenneth Udeze, who briefed pressmen, said, “We hereby announce that at least 13 out of the 18 political parties in Nigeria will not be interested in the 2023 general elections and indeed we shall withdraw our participation from the electoral process if this currency policies are suspended or cancelled or if the deadline is further shifted.”

The Punch

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