Parties threaten to boycott the elections if CBN shifts new naira deadline

As Nigerians continue to grapple over the inability to access the new Naira notes, thirteen political parties out of the 18 political parties in Nigeria have threatened to boycott the 2023 general elections scheduled for February 25 and March 11, if the Central Bank of Nigeria extends the deadline of February 10 for naira swap. 

 At a press conference held on Monday February 6, the coalition of chairmen of the political parties, who commended President Buhari on the redesign of the N200, N500 and N1,000 banknotes, insisted that the policy must stand. 

 Speaking at the press conference, the National Chairman of the Action Alliance, Kenneth Udeze, said;

 ''We hereby announce that at least 13 out of the 18 political parties in Nigeria will not be interested in the 2023 general elections and indeed we shall withdraw our participation from the electoral process if this currency policies are suspended or cancelled or if the deadline is further shifted''.