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Human rights lawyer Femi Falana (SAN) says the suffering of the Nigerian people is worsening over the currency crunch, adding that President Muhammadu Buhari’s Thursday broadcast gave no hope.
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The Chairman of the Alliance on Surviving Covid 19 and Beyond (ASCAB) said this in a statement he signed on Thursday.
According to him, Buhari’s decision to allow only the N200 note in circulation and keep the old N500 and N1000 notes out of circulation is not enough to end the crisis, saying that there are not enough old 200 naira notes to replace all the old N1,000 and N500 notes.
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Noting that the “crisis” was created by the government, Falana said it is only the government that can end it. He said that unless firm action is taken, “this crisis will get worse in the days to come.”
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