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My Background Makes Me Appreciate Difficulties Caused By Currency Swap Policy – Tinubu



The Presidential Candidate of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, has said his background as a son of a market woman is what made him appreciate the unintended hardship caused by the ongoing naira swap policy.

Tinubu, who had at different times expressed reservations about the implementation of the policy, said his cries were informed by his experience as someone who grew up in a market environment.

Tinubu said this on Friday 17th February 2023 at a town hall meeting with market leaders from around the country in Abuja.

According to Tinubu,he said he was fed and trained by his late mother with money from trading, adding that he could identify with the pains and gains of traders especially in this period of naira swap policy and also scarcity of it.

Read More:President Buhari Not Working Against Tinubu – Lai Muhammed

He said that he knew that limiting circulation of cash would have devastating impact on the informal economy because of his knowledge of trading in Nigerian markets.

He further expressed sympathy with petty traders and those dealing in perishable goods who, he said, are worst affected by the policy.

Tinubu cited the example of a carrot seller he observed while on a recent campaign trip to Gombe who was standing under the son tending to his wares with no one to patronize him “because there was no currency”.

The APC presidential candidate urged the traders to remain resolute and not allow difficulties arising from the naira swap exercise to overwhelm them.

He promised to provide low interest loans for traders and also address some of their concerns in other areas of their businesses if elected as the president of Nigeria in the forthcoming presidential election.

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