12/07/2026
: More Bad News For APC, As CBN Governor Technically "Confesses" That President Bola Tinubu And His Economic Policies Have Failed Woefully; After Declaring That Any Nigerian That Rejects The ₦100 Note Will Be Severely Sanctioned
The attention of "Atiku Is For The People" global movement has on Thursday, been drawn to the Central Bank of Nigeria's, CBN, warning that Nigerians who reject the ₦100 note risk sanctions, arguing that it remains a legal tender in the country.
While the CBN is correct in Law, its statement inadvertently exposes the painful reality of the President Bola Ahmed Tinubu administration's economic stewardship; that Nigerians are not rejecting the ₦100 note, inflation has just rejected its value.
Money earns acceptance through its purchasing power, not official directives. A currency that retains its value requires no threats, no circulars and certainly no enforcement. It is trusted, because it can meaningfully pay for goods and services.
Today, ₦100 can barely buy two TomTom sweets. A roasted corn costs between ₦500 and ₦2,000. A piece of coconut sells for about ₦1,500, while three pears (ube) can cost as much as ₦1,000.
The ₦100 did not disappear, because Nigerians rejected it. It disappeared, because inflation rendered it worthless. Markets determine the value of money, long before governments acknowledge reality.
It is shameful that while the President Tinubu administration insists its economic reforms are working, the nation's Apex Bank now finds itself pleading with Nigerians to accept one of the country's most common banknotes, or be sanctioned.
The contrast with the recent past is mind-blowing. During former President Olusegun Obasanjo's administration, when Atiku Abubakar served as Vice President, the naira traded at approximately ₦111 to ₦132 to the United States of America, USA, dollar. Today, under President Tinubu, it exchanges at well over ₦1,500 to a dollar.
Nigeria once had a currency that commanded global respect. When the naira was introduced in 1973, it was worth more than the US dollar. Today, under the clueless All Progressives Congress, APC, even the ₦100 note requires official protection to remain relevant. That is not progress; it is a measure of how far the economy has declined.
No government can legislate purchasing power. No Central Bank can prosecute inflation. And no amount of official warning can restore confidence in a currency whose value has been eroded by poor economic management.
"Atiku Is For The People" global movement believes that Nigerians deserve more than explanations for the hardship. They deserve a Leadership that understands economics; can restore Investor confidence, strengthen the naira, expand production, create jobs and return purchasing power to households.
The 2027 Presidential election offers that opportunity for Nigerians to make a change.
His Excellency, Atiku Abubakar, represents that credible alternative for that much needed positive change. His experience in economic management, commitment to private sector-led growth and vision for a productive Nigeria, provide the pathway to restoring confidence in the economy and dignity to the naira.
