Adamu Garba Reacts As IMF Asks CBN To Extend Old Notes Deadline

A chieftain of the All Progressives Congress (APC), Adamu Garba, has reacted to the call by the International Monetary Fund (IMF) for the extension of the February 10 deadline for the naira swap.

Naija News reported that the IMF in a statement in Abuja on Wednesday pleaded with the Central Bank of Nigeria (CBN) and the Federal Government to consider the woes of Nigerians.

The statement reads: “In light of hardships caused by disruptions to trade and payments due to the shortage of new banknotes available to the public, despite measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline should problems persist in the next few days leading up to the February 10, 2023 deadline.”

The plea from IMF came shortly after the Supreme Court restrained the federal government and CBN from enforcing the deadline, which is just days away.

Reacting in a tweet via his verified Twitter handle on Wednesday, Garba acknowledged the call by the IMF for the apex bank to extend the cash swap deadline.

The APC chieftain asserted that the concern for the well-being of Nigerians has gone international with the call from the International monetary body.

He wrote: “Even the IMF said CBN/FG must extend the Cash Swap deadline. These are the main CBN Creditors. The concern has gone international. It is all over! Let’s stop the games and face the election.”

Even the IMF said CBN/FG must extend the Cash Swap deadline. These are the main CBN Creditors. The concern has gone international. It is all over!

Let's stop the games and face the election. pic.twitter.com/sUXUj5Gz3j

— Adamu Garba II (@adamugarba) February 8, 2023