Director, Media & Publicity, APC Presidential Campaign Council, Bayo Onanuga, issued the statement on Wednesday,

Tinubu thanked the Governors especially the APC Governors who instituted the suit against the CBN and Federal Government at the Supreme Court adding that they acted well on behalf of the hapless Nigerians who have been made to bear the brunt of Naira redesign policy that has been poorly implemented

The Supreme Court on a Wednesday morning in a law suit brought before it by the governments of Zamfara, Kogi and Kaduna States gave an interim injunction against the CBN and Federal Government, allowing the old N200, N500 and N1000 to remain legal tender beyond February 10 deadline until the case is fully disposed.

Following the apex court ruling, Asiwaju Tinubu noted that the governors have saved the country from a needless political and economic crises and miseries which have clearly become the unintended consequences of the monetary policy of the apex bank.

Asiwaju Tinubu noted that the Supreme Court ruling coincided with the advisory of the International Monetary Fund urging for the extension of the deadline for the swap of the old naira notes, going by the problems being experienced across the country in getting the new notes.

“I want to salute the courage of our Governors and most especially the Progressives Governors in APC who acted to save our country from avoidable and dangerous political crises and social unrest which the Central Bank policy on new Naira notes has brought on our country.

“Our country was dangerously careering toward anarchy and political and economic shutdown. But with the Supreme Court interim ruling our country has been pulled back from the precipice. We thank our Supreme Court Justices for ruling wisely on the side of the people who have been subjected to undue agony and pains since this policy was announced.

“The Federal Government and relevant stakeholders can now sit down and work out better framework on how to proceed with the new policy without causing any social and economic disruption and inconvenience to our people. We have examples of other countries that have successfully and seamlessly changed their currencies to learn from.

“Those countries give a long time, at least 12 months to effect the currency change. They do not engage in CBN-like Fire Brigade approach.

“We have seen how a good policy can be poorly implemented to cause unintended problems for the people who should be the beneficiaries. While lessons have been learnt, we must now move on as a country and people with a Renewed Hope for a better tomorrow.

“The sole aim of my running to be the president of our country is to make life better and more abundant for our people and this is an ideal for which I will remain eternally committed to.”

Asiwaju Tinubu called on the CBN to ensure that the Supreme Court ruling is effectively executed by taking all necessary steps to (i) ensure sufficient availability of Naira notes (whether old or new) and (ii) properly sensitising the public on the ruling and the consequent validity of old Naira.

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On Monday during his 12th colloquium in Kano State, North-West Nigeria, Tinubu said the nation is ‘under policed and urged the Government to “recruit 50 million youths into the army. What they will eat? Cassava, corn, yam in the afternoon… it is grown here.”

The National Leader of the All Progressives Congress, APC, said the statement was an “accidental verbal mistake.”

Retracting his statement on Tuesday, Tinubu in a press release signed by his spokesperson, Tunde Rahman, said he wanted to say 50 thousand not 50 million.

The statement reads: “Asiwaju seeks the expansion of security personnel by 50,000 for the armed forces, not the 50 million that was mentioned in error.

“It was an accidental verbal mistake of which we all commit from time to time especially when reciting a series of large numerical figures. He did not mean 50 million, which is almost a quarter of our total population.

“The crucial matter is that Asiwaju rightly observed that such strong recruitment would serve the twin-purpose of helping to tackle unemployment while at the same time enhancing the security of every Nigerian.

“Please forgive any confusion due to this innocent error. The most vital thing is that he set forth a wise and timely approach that would help us face two of today’s stiffest challenges.

“Asiwaju Tinubu canvassed the urgent need to combine employment and national security policy by the recruitment of five million youths in all aspects of nation-building, ranging from infrastructural development to agricultural modernization.

“He believes that the more job opportunities are presented to our youth the less some of them will be tempted into illegal and dangerous activities.

“As part of this overall approach, he believes that eligible youth should be recruited into the armed forces, police and other security agencies to augment the functional capacity of our security apparatus thus ensuring the better security and safety of our people.

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