A few days before the January 31 deadline, the Kano State Government asked the Central Bank of Nigeria (CBN) to urgently consider an extension of its monetary policy.
Also, the league of Islamic scholars in Kano also joined the clarion call calling on the Federal government to win the apex bank in the public interest.
The CBN has confirmed that it will not return to the established timeline for the old legal tender deposit despite public outcry.
Rising from an emergency meeting with leaders of various Islamic sects in Kano on Thursday, Governor Abdullahi Umar Ganduje stressed that the extension has become imperative because of the economic impact it has had on the public.
Meanwhile representatives of the Tijjaniyya, Qadiriyya and Izala Muslim sects unanimously joined the Kano state government stands to request the personal intervention of President Muhammadu Buhari to ease the economic hardship in the land.
Stakeholders are worried that the CBN has failed to ensure an adequate supply of the redesigned notes in circulation before setting a deadline to phase out the old notes. The decision, according to stakeholders, has only worsened the economic situation in the country.
A statement by Hassan Fagge, the press secretary, office of the deputy governor, therefore, called on President Muhammadu Buhari to rethink the CBN policy which is currently causing pain to the masses.