Political parties have kicked against the new cash withdrawal limits introduced by the Central Bank of Nigeria, stating that it will affect the fundraising required by the candidates to sustain their campaigns ahead of the 2023 elections.
Parties including the Peoples Democratic Party, Social Democratic Party, Africa Democratic Congress and African Democratic Party contended that the policy will also impact the poor rural dwellers.
Recall that Governor Ahmadu Fintiri of Adamawa state had accused the CBN Governor, Godwin Emefiele, of targeting the political class with the new cash withdrawal limit which restricts over-the-counter cash withdrawal by individuals and companies to 100 thousand naira and 500 thousand naira respectively, per week as well as limited point-of-sale machines and automated teller machine withdrawals to 20 thousand daily.