By Darlington Ezeagu | Project Leader
Dear Donor,
We want to greatly appreciate you for your generous donation to support our project and for your patience in waiting to receive our project report.
We're still very much engaged with this project and have gotten the details of the beneficiaries and also communicated with them. In our last report, we indicated that we'll carry out this project and submit it's report before the end of this February, but that didn't work out for us as we planned and the reason behind this is because of the change in the monetary policy of our country which is affecting everyone, especially the poor.
The Presidential and National Assembly (Senate and House of Representatives) elections took place on Saturday (February 25, 2023), while that of the Governorship and State Houses Assembly is still coming up on March 11. The Nigerian government did everything possible as they said, to prevent vote buying in order to make sure that the elections are free and fair.
Consequently, new naira notes of 200, 500 and 1,000 were redesigned last year and a deadline of January 31, 2023, given for the old notes to be returned. These new notes are not even in circulation as they should. It is believed that the redesigning of the naira notes was done to make everyone, especially the politicians who are keeping huge amounts of money in their houses, to return them. Daily withdrawal limit for the new notes are kept at 10,000 naira (about $20) and to even make a withdrawal is very difficult, as the banks are so much crowded.
Though some of us that voted during the election, noticed that some of the politicians and their canvassers resorted to other means, like promising the electorates that they'll transfer money to them, as they collected their account details and phone numbers after voting while others were sharing gifts like wrapper, in other to garner votes.
We hope that after all these elections, the government will amend this situation so that everything will become normal again and everybody will be able to withdraw as much money that they need from the banks as before.
Thank you so much for your support and patience. Kindly continue to stay engaged with us as we'll surely execute this project and send a comprehensive report, once everything becomes normal again and we're able to withdraw the money that we need to carry out this project.
May you continually be blessed in all your endeavors.
Best regards.
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