CBN cash withdrawal limit will help economy —Masari

Amid opposition from lawmakers and some economists, Katsina State Governor, Aminu Masari, on Saturday expressed support for the Central Bank’s policy of banning daily cash withdrawals saying “it will help the economy.”

Masari spoke to journalists after a meeting with the President, General Muhammadu Buhari (retd), in his hometown of Daura.

Asked why state governors often do not talk about this policy, Governor Masari said, “What is wrong with it except for the one who keeps millions in his house and is afraid to bring it.

“It will help the economy. Now, all the money was not in the banking sector. The central bank governor has said that they recovered over one trillion naira from the banking sector which was hidden in soakaways and other places.

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“We believe that at the end of the transition to the new currency, the remaining trillion will be back in the banking sector. I think it’s very good for the economy. ”

Masari said he visited Buhari “to find out how he is doing with his two or three-day vacation here in his home town of Daura, Katsina State.” So it is a private visit.”

The former speaker of the House of Representatives boasted that the All Progressive Congress will have more votes than ever before because they have worked and empowered Nigerians.

He said “Yes, I think it will expect more votes for APC here in Katsina. APC has done well in national, state and local government. We have done well in Katsina sSate, we have been able to touch the lives of millions of people in Katsina State, we have been able to be present in all the wards of 361 state and social interventions cut across Daura.

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“You have seen the presence of the Federal Government in terms of the federal university, in terms of the regional hospital, in terms of the federal polytechnic and many urban renewal projects, urban development here in Daura and the surrounding community.

“So APC has surrendered Katsina State and surely come 2023 election, Katsina State will be APC.”

Regarding security in the country, the governor said, “We are making great progress. The president has given the marching orders for the security agencies and we at the state government level have provided all the necessary facilities as much as possible to the members of the security agencies.

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“So according to the report I have this past week, they have gone down a lot in the area of ​​cattle kidnapping and theft. Fortunately, what we have now is the kidnapping and extortion of animals.”

He disclosed that although the army has captured many areas, a few areas of the bandits still exist in the state.

“We don’t have the kind of bandit attacks that we used to have. We are moving forward but we are seeing remnants, not Boko Haram but Muslims from other West African countries in one or two local governments and we are facing this situation,” he said.


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