Friday, March 31, 2023

EXPONENT MAGAZINE

Advertisement
ADVERTISEMENT
  • Home
  • World News

    Brazil: President Lula Signs National Orisa Day.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    List of The Past British Monarchs Before Queen Elizabeth II

    Queen Elizabeth’s Coffin Arrived W/Minster For Funeral.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

  • Politics

    ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

    WE WILL DEVELOP HYDRO ELECTRICITY—Tinubu

    DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

    Ilaje/Ese-Odo 2023: Our Collective Victory Won’t Be Taken For Granted-Ojogo  

    I dumped The APC After The Party’s Primary was Marred with egregious irregularities.

    2023: Six PDP chieftains drag IGP, three others to court for human rights violations

    Monarch Sets Agenda For Tinubu.

    Trending Tags

  • Business

    Please don’t joke with the link below as you can earn money. It doesn’t cost you any money before you can earn money. It is just a networking marking. https://moneyeasily-tjz.buzz/38861479731410

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    BREAKING: Emefiele Gets 72-Hour Ultimatum To Resign Or Be Sacked By Buhari.

    Breaking: CBN Gov. Extends Deadline for Old Naira Notes.

    CBN domestic card scheme begins today.

    CBN domestic card scheme begins today.

    Trending Tags

  • Entertainment
    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Barr. Adu  Bags Oil Africa Leadership Award.

    Barr. Adu Bags Oil Africa Leadership Award.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Jekardah Nightlife Offers Many Hotspots for People with Alternative Lifestyles

    Instagram Is Testing Photo Albums, Because Nothing Is Sacred Anymore

    Trending Tags

  • Sports
    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    Chinese ‘Rooftopper’ Films His Own Death During Skyscraper Stunt

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Nike Invented Self-Lacing Sneakers Because the Future Is Now

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    Trending Tags

  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US
No Result
View All Result
  • Home
  • World News

    Brazil: President Lula Signs National Orisa Day.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    The Briefing: Guns Don’t Belong At Polling Locations.—Michael Waldman.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    Buhari Addresses UNGA, Calls For Debt Cancellation.

    List of The Past British Monarchs Before Queen Elizabeth II

    Queen Elizabeth’s Coffin Arrived W/Minster For Funeral.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    Queen Elizabeth II, the UK’s longest-serving monarch is dead.

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

    NEDERLANDS: No Media Outlet focussing on about 200,000 Evangelical Christians Groups

  • Politics

    ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

    WE WILL DEVELOP HYDRO ELECTRICITY—Tinubu

    DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

    Ilaje/Ese-Odo 2023: Our Collective Victory Won’t Be Taken For Granted-Ojogo  

    I dumped The APC After The Party’s Primary was Marred with egregious irregularities.

    2023: Six PDP chieftains drag IGP, three others to court for human rights violations

    Monarch Sets Agenda For Tinubu.

    Trending Tags

  • Business

    Please don’t joke with the link below as you can earn money. It doesn’t cost you any money before you can earn money. It is just a networking marking. https://moneyeasily-tjz.buzz/38861479731410

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    GOVERNOR DEMANDS CASH FROM CBN OFFICE IN OGUN

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    New Naira Notes: Nigerians Experience Long Queue At ATM Points

    BREAKING: Emefiele Gets 72-Hour Ultimatum To Resign Or Be Sacked By Buhari.

    Breaking: CBN Gov. Extends Deadline for Old Naira Notes.

    CBN domestic card scheme begins today.

    CBN domestic card scheme begins today.

    Trending Tags

  • Entertainment
    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    PAPA AJASCO: Veteran Nollywood actor, Femi Ogunrombi is dead

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Ekiti: Herbalist Dies Of Thunderbolt After Sex With Pastor’s Wife.

    Barr. Adu  Bags Oil Africa Leadership Award.

    Barr. Adu Bags Oil Africa Leadership Award.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Police Arrest Hotelier, over false Alarm in Ondo.

    Jekardah Nightlife Offers Many Hotspots for People with Alternative Lifestyles

    Instagram Is Testing Photo Albums, Because Nothing Is Sacred Anymore

    Trending Tags

  • Sports
    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    Olamide : WE ARE HAPPY FOR SUPPORTING TENIS IN ONDO.

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    BETTY AKEREDOLU HOLD THE RACKETS FOR CHILDREN

    Chinese ‘Rooftopper’ Films His Own Death During Skyscraper Stunt

    Indonesia’s Largest Fleet of Taxis Teams Up To Beat Ride-Hailing Apps

    Nike Invented Self-Lacing Sneakers Because the Future Is Now

    This Easy Cardio Swap Will Help You Train for A Half Marathon

    Trending Tags

  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US
No Result
View All Result

EXPONENT MAGAZINE

No Result
View All Result
Home Opinion

THE PRESIDENT MUST INTERVENE, DECISIVELY, ON THE CRISIS OF DISTRIBUTION OF PETROL AND CURRENCY NOTES

Admin by Admin
February 6, 2023
in Opinion
0
SOUTHERN Governors Forum: PRESS STATEMENT
589
SHARES
3.3k
VIEWS
ADVERTISEMENT

THE PRESIDENT MUST INTERVENE, DECISIVELY, ON THE CRISIS OF DISTRIBUTION OF PETROL AND CURRENCY NOTES

The people of this country have been compelled to live under excruciating pains occasioned, mainly, by the contrived crisis in the petroleum sector. Nigerians have been at the mercy of the unscrupulous elements in the distribution chain who have sustained the artificial scarcity of the product since late last year. The unsavoury sight of the past has not only resurfaced in all the major cities of the country. It is also eroding the goodwill enjoyed by the Federal Government for the stability achieved in the past seven years.

You might also like

DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

Ilaje/Ese-Odo 2023: Our Collective Victory Won’t Be Taken For Granted-Ojogo  

Monarch Sets Agenda For Tinubu.

Nigerians have been living with scarcity of petroleum products for some time now. Fuel scarcity, a phenomenon which this current Administration had once confined to the dustbin in the chronicle of happenings in an inglorious past, has suddenly assumed a permanent feature of our daily existence and there appears to be no solution to the perennial crisis.

The Central Bank of Nigeria, through his Governor, Mr. Godwin Emefiele, who purports to act under the powers conferred on the institution by the CBN Act, has chosen this period, when the country prepares for general elections, to redesign the currency notes for sundry reasons, chief among which is the need for the bank to be in control of the currency notes in circulation and checkmate the unwholesome activities of terrorists and their enablers and election riggers.

The struggles and actual fights recorded in banking halls, ATM and POS points, and markets across the country are disquieting. The choice of this period for the implementation of a policy, which bears an instant negative impact with no discernible mitigation in sight, raises serious suspicion of partisanship on the part of the CBN. The ordinary people are the victims. Depositors can no longer access their monies even to feed their families. Hunger is not the anticipated result of a monetary policy.

While no reasonable person will contend with the decision of the CBN to discharge its statutory functions, the plight of the downtrodden must, however, be considered. Majority of Nigerians groan, at present, under the crushing weight of these crises. There is pervasive discontent in the land and unless some urgent redemptive steps are taken to ameliorate the debilitating effects of seeming desultory and nonchalant disruptions of their normal simple lives, a series of events with unpleasant consequences is inevitable.

There is palpable anger engendered by frustration in the land. The wave of discontent increases with unbelievable rapidity across the country. The current hardship being experienced by the ordinary people forebodes unpleasant consequences. These crises may set in motion a chain of events the end of which is better imagined.

The Federal Government must make a categorical pronouncement on the availability of petrol and its price since it is the general belief that the country still pays humongous amounts as subsidy. A situation which permits a few individuals to inflict pains on the populace, seemingly without check, is deplorable. The CBN Governor, Mr. Godwin Emefiele, must come clean on the new monetary policy. Nigerians are practically buying the country’s currency to feed when we are not in a state of war.

The fact that the ruling party hopes to present candidates for election in the general elections in the coming weeks accentuates the level of suspicion as regards the possibility of having certain elements whose interests stand at variance with the general aspirations of the party and its committed members.

There is no better way to de-market a brand than this ruthless execution of a pernicious motive.

The Federal Government, through the President, must act now.
Arakunrin Oluwarotimi O. Akeredolu, SAN, CON
Governor, Ondo State.

Share this post:

  • WhatsApp
  • Email
  • Telegram
  • Tweet
  • Print

Related

Previous Post

New Naira notes: Man who slumped and died inside bank in Delta identified as a building material merchant

Next Post

EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

Admin

Admin

Related Posts

WE WILL DEVELOP HYDRO ELECTRICITY—Tinubu
Opinion

DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

by Admin
March 29, 2023
Opinion

Ilaje/Ese-Odo 2023: Our Collective Victory Won’t Be Taken For Granted-Ojogo  

by Admin
March 26, 2023
Opinion

Monarch Sets Agenda For Tinubu.

by Admin
March 21, 2023
*IF IT IS TURN BY TURN, THEN*…Leye IBGABO
Opinion

Is Afenifere , The Nigeria’s Father Christmas?—Leye

by Admin
March 16, 2023
Opinion

Tribalism Is Not Our Problem—RM Sanusi

by Admin
March 7, 2023
Next Post
EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

EFCC Arrests Abuja Bank Manager For Hoarding N29m notes.

Comment on this post Cancel reply

ADVERTISEMENT

Recommended

PRESS CONFERENCE BY CHIEF AYO ADEBANJO, LEADER OF AFENIFERE.

September 27, 2022
Ondo : Police React As Protest Looms on Naira and Fuel Scarcity.

Ondo : Police React As Protest Looms on Naira and Fuel Scarcity.

February 6, 2023

Don't miss it

Local News

ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

March 30, 2023
Another Contractors Takes Over Akure-Ado Ekiti Road..
Local News

Another Contractors Takes Over Akure-Ado Ekiti Road..

March 30, 2023
Education

Cultural Heritage Day: Schools Celebrates This Year 2022 Events.

March 29, 2023
WE WILL DEVELOP HYDRO ELECTRICITY—Tinubu
Opinion

DEBUNKING GOV AKEREDOLU’S LIES ON TINUBU’S VICTORY IN ONDO STATE–Dr Akeredolu

March 29, 2023
Bereaved Father Injures Doctor and Nurse in Hospital in Ondo.
Crime

Bereaved Father Injures Doctor and Nurse in Hospital in Ondo.

March 28, 2023
Uncategorized

2023 Election: Hon. Akinjo Out Donald Ojogo in

March 26, 2023
EXPONENT MAGAZINES NEWS

EERC

News publication, Entertainment, Public Relatons Consultancy, Magazine Production and Journalism Service

Categories

  • Business
  • Crime
  • Education
  • Entertainment
  • Fashion & Lifestyles
  • Health
  • Local News
  • Opinion
  • Politics
  • Religion
  • Security
  • Sports
  • Uncategorized
  • World News
February 2023
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728  
« Jan   Mar »

Recent News

ONDO: APBN CONGRATULATES ASSEMBLY MEMBERS-ELECT.

March 30, 2023
Another Contractors Takes Over Akure-Ado Ekiti Road..

Another Contractors Takes Over Akure-Ado Ekiti Road..

March 30, 2023

© 2022 EXPONENT MAGAZINE NEWS - A Production of EWI EXPONENT RENDITION COOMUNICATION - EERC
Developed by KEEMBEST SOFTWARE SOLUTIONS LIMITED.

No Result
View All Result
  • Home
  • World News
  • Politics
  • Business
  • Entertainment
  • Sports
  • ABOUT US
  • BUY e-MAGAZINE
  • CONTACT US
  • DONATE FOR US

© 2022 EXPONENT MAGAZINE NEWS - A Production of EWI EXPONENT RENDITION COOMUNICATION - EERC
Developed by KEEMBEST SOFTWARE SOLUTIONS LIMITED.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.