Cash Crunch Won’t Affect 2023 Elections, Says INEC 


The chairman of the Independent National Electoral Commission (INEC), Prof. Mahmood Yakubu, has said that not all the operations for the conduct of the February 25 and March 11 general elections required the use of physical cash.

Yakubu allayed concerns on the current Naira scarcity on Saturday in Abuja after a tour of the training centre for INEC ad-hoc staff or presiding officers, and inspection of facilities at the national collation centre at the International Conference Centre (ICC).

There have been concerns that this year’s general elections may be postponed or suffer glitches due to cash crunch in the wake of the Central Bank of Nigeria’s (CBN) Naira re-design policy.

Recall that Prof. Yakubu had days ago led a delegation of management of the commission to the CBN headquarters, where the CBN governor, Mr Godwin Emefiele, assured the commission of the required cash for the elections.

“We visited the CBN last week on the issue of cash for payment of some of the services, not…

Source: Leadership Newspaper