Naira Redesign: 13 Political Parties Threaten To Pull Out Of 2023 Polls

• 13 political parties have threatened to boycott the 2023 general elections.

• The parties are considering pulling out of the elections over the cash withdrawal limit and Naira swap policies.

• Some of the parties said they would not be interested in the elections if the new deadline of February 10, 2023, is shifted.

EKO HOT BLOG reports that some political parties in Nigeria have announced their intention to withdraw from the 2023 general elections due to the Central Bank of Nigeria’s (CBN) naira redesign policy.

The National Chairman of the Action Alliance, Kenneth Udeze, while speaking at a briefing by a coalition of chairmen of political parties in Abuja said 13 out of 18 registered political parties will pull out of the February 25 and March 11 general elections if CBN extends its February 10 deadline.

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He did not disclose the names of the 13 political parties.

Udeze said the parties will not be interested in the elections if the new deadline of February 10, 2023, is shifted as demanded by some governors of the All Progressives Congress (APC).

“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.”

He said the 13 parties condemns Kaduna, Kogi and Zamfara State Governments for heading to the Supreme Court to get a court injunction to extend the deadline for the validity of three old notes.

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He commended President Muhammadu Buhari on the redesign of the N200, N500 and N1,000 banknotes.

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