Bauchi Varsity Don Faults Extension Of Naira Swap Deadline



A Bauchi State University don, Dr Yusuf Musa Yahaya, has berated the Central Bank of Nigeria (CBN) for extending the deadline from 31st January to 10th February, 2023.

Yahaya argued that the move would continue to subject the ordinary Nigerian to untold hardship.

He said, “The extension of the deadline is not favourable to the economy, particularly looking at the current circumstance created by the change of currency and the deadline for the use of the old notes.”

Yahaya who heads the Political Science Department of the Bauchi State University, Yuli Campus stated that “Scarcity has already been created, people are suffering. You can go to an ATM without cash, you can go to PoS, you don’t have new naira notes, if you go to banks, they don’t attend to customers”.

He told journalists in Bauchi yesterday that the 31st January deadline should have been maintained so that normalcy can return to the economy.

The varsity don lamented that the 10-day extension would bring more…

Source: Leadership Newspaper