El-Rufai says Naira redesigned policy ill-timed
It appears that not all is going according to plan in the camp of the governing All Progressives Congress, APC as El-Rufai Governor of Kaduna State has decried the lack of support from the presidency.
El-Rufai, who is a prominent member of the APC Presidential Campaign Council of Mr. Bola Tinubu, the APC presidential candidate said that some elements in the Presidency wish the APC failure in the February 25 election.
In fact, the Kaduna State Governor told Channels Television Sunrise Daily programme that he believes “there are elements in the Villa that want us to lose the election because they didn’t get their way; they had their candidate. Their candidate did not win the primaries”.
What El-Rufai is saying
According to El-Rufai, “They are trying to get us to lose the election, and they are hiding behind the president’s desire to do what he thinks is right. I will give two examples: this petroleum subsidy, which is costing the country trillions of Naira, was something that we all agreed would be removed.
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“In fact, I had a discussion with the president and showed him why it had to go. Because how can you have a capital budget of N200b for federal roads and then spend N2 Trillion on petroleum subsidy? This was a conversation I had with the president in 2021 when the subsidy thing started rising. He was convinced. We left. It changed. Everyone in the government agreed, and it changed.
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Speaking further, he said, “The second example I will give is this currency redesign. You have to understand the president. People are blaming the Governor of the Central Bank for the currency redesign, but No. You have to go back and look at the first outing of Buhari as president. He did this; the Buhari, Idiagbon regime changed our currency and did it in secrecy with a view to catching those that are stashing away illicit funds. It is a very good intention. The president has his right. But doing it at this time and within the allotted time does not make any political or economic sense.”