State governors are pitching their tent with those opposed to the one hundred thousand naira cash limit policy recently imposed by the Central Bank of Nigeria (CBN).
They believe the policy will hurt the economy and rural dwellers in particular.
They also fear that the CBN action may set the masses against the administration of President Muhammadu Buhari and could constitute an unpleasant exit package for him when his second term expires on May 29, 2023.
Consequently, they have resolved to send a delegation to the President to direct the CBN to review the policy
The Nigeria Governors Forum met recently in Abuja to deliberate on the matter and take appropriate decision.
The governors also resolved to appeal to Buhari to retain the prevailing cash withdrawal policy in the country and extend the January 31st , 2023 deadline for the phasing out of the new naira notes.
