APC Group Commends Federal Government For Renewing China Currency Swap Deal

The APC Northwest Reclamation Front (ANRF) commends the Federal Government for renewing the Nigeria-China currency swap deal, highlighting its potential to revitalize the naira and boost economic growth, while urging action against banditry and hoarders in the Northwest.

The APC Northwest Reclamation Front (ANRF) has lauded the Federal Government’s decision to renew the Nigeria-China currency swap agreement. The group described the move as a strategic step toward bolstering businesses in the Northwest region and across the nation.

Malam Hisham Habib, the Coordinator of ANRF, issued a statement in Kano expressing optimism about the deal’s potential to revive the naira and support economic growth. Habib emphasized that the Central Bank of Nigeria (CBN) should address existing challenges to ensure the success of the currency swap deal, which could improve Nigeria’s economic stability.

Concerns Over Banditry in Kebbi and Other Northwest States
While praising the government’s economic initiative, the ANRF raised concerns about ongoing security issues in the region. The group specifically highlighted the persistent attacks by Lakurawa bandits in Kebbi State and other parts of the Northwest. They called on security chiefs, led by General Christopher Musa, to intensify efforts to curb these threats and ensure peace in the region.

Economic Impact of Hoarders and Middlemen
The ANRF also condemned the activities of hoarders and middlemen who artificially inflate prices by creating scarcity of essential commodities. They urged the Federal Government and Northern governors to intervene and prevent such exploitative practices, which undermine farmers’ and industries’ efforts.

The Call for Economic Stability and Leadership Accountability
The group stressed the need for the APC-led government under President Bola Tinubu to stabilize the naira in the exchange market, as this is vital to controlling inflation and ensuring economic growth. They expressed hope that 2025 would mark a turning point for Nigeria’s exchange rate stability and economic resilience.

The ANRF reiterated the importance of fulfilling campaign promises, noting that the future of the ruling APC hinges on its ability to maintain public trust and alleviate the economic hardships faced by Nigerians.