 You're welcome back. Well, amid fears that the lingering fuel scarcity and Naira redesigned policy which has led to a scarcity of currency notes and a chaotic situation in banks across the country were being orchestrated to scuttle the forthcoming general election, the federal government yesterday dismissed such insinuations, expressing its commitment to the conduct of the polls. Also, the independent marketer's association of Nigeria, Ipeman, Western Zone, has urged Nigerians to stop panic buying patrol, assuring them that the fuel scarcity would soon ease off. We will be joined later by Kayode Kundayo, a publisher, Energy Times and Zaka Bala, social commentator is already here. But before I welcome Mr. Bala, we also have Bayo Loa Kei. Bayo, good morning and welcome to the program. And good morning viewers. Okay, Mr. Bala Zaka, I'd like to say welcome to you on the show. Mr. Zaka, okay, we can't get the audio of Mr. Zaka right now, but he will be joining us to talk on some of this issue. But first of all, Bayo, I don't know if it is good news or bad news, but the CBN just said that the central bank cannot implement that cashless policy to a hundred percent as the one. Oh, okay, okay. Mr. Zaka, welcome. Okay, we can hear you now, Mr. Zaka. We can hear you now. Good morning and welcome, sir. Thank you. Okay, well, since you're here right now, Bayo and I were just wondering some of the things that we raised as the talking points for today. Some people on the one hand have blamed the scarcity of fuel and Naira on saboteurs, and even called it a political crisis rather than anything else. On the other hand, some people also say that it's a gimmick to mark time for the Dangote refinery, especially for the fuel, so that when it comes on stream and sells at any price, no matter how exorbitant, people wouldn't mind just because the products will be available. What is your insight, you know, what is really what you think is going on? And let's begin with you, Mr. Zaka. Well, I want to repeat myself. Whatever is the dynamic, the dynamic is the negative part. It is not as important as India as the country that the continent of Africa was looking for to be. So we needed to have looked in the world and look at the approach at the country, the world one. But if I must admit, we don't know why all these shady activities were completely, people like you who want to talk to the past and discuss what is right for our country, but I'm not going to discuss what is good. But something may be good for all rights. If you, if there are some people who think that all these are plans so that the China will come up and be selling at any price and I didn't ask you to go for it, I thought buying anything is a function of the possible income. You and I know that I speak right now. The only way to achieve that today is 30,000 million dollars. 30,000 million dollars cannot buy a 50 kg bag of rice, or a 50 litre silicon decision. And any country, regardless of what we are talking about, any country where 60,000 million dollars can buy a 50 kg bag of rice, or 50 litre silicon bag of rice, that something is impossible. It is very difficult. People like you are always being a jade in the revolution, spent by the rest of the country to keep the people. So nobody will try to keep the government, or the government before this one, or even the government before the one and before this one. So of course, say that this revolution will destroy the economy. This revolution is not the best on our sphere. But I'm happy to say that everything is purely natural. The price of aviation fuel has been diluted. And from mass consumption of flights, flight delays, and mass activities are no longer possible. We thought it was expensive. The price of fuel has been diluted. There are investments that they were talking about. The only thing we have been told to is collapse of scientific industrial sector. Collapse is a fascinating scientific sector. Collapse is a massive sector. It is one you go to the bank to do. People before this never designed price, it opens open at a time of full, and it closes around three or four. It's very fair. So people like me are mostly leaders, those who trust the sector. And people like me are designed leaders, these people, ordinary leaders, and those that want to see people elected and handed over to the political, economic, and social destiny for them to manage their national interests. And from what you have seen now, when anyone is saying that we have a current generation of leaders and managing our economic, political, and social destiny very well, the answer is no. Well, you started by answering the question by saying that every country, the citizens of every country are able to buy things with the disposable income, with the income that is available to them and the minimum wage is 30,000. Well, but people are just worried that why is it that there was so much talk about refineries and they didn't come on stream? Why is it that the president is the minister of petroleum and nothing is working? Why is it that the president himself is leading the committee that was set up to make sure that the fuel is available and nothing is working? Why is it that the NNPC is saying that there's enough fuel? They were telling us that there was enough fuel as at the beginning of January to last us for two months. Yet there was still scarcity and no heads are rolling as it were. Nothing is being done. So people are now speculating. There are many conspiracy theories here and there and all that. So we're trying to just understand what is really happening. Why would the product fuel and then we can't find it? Why will the blame game continue for this long and nothing seems to be happening? So what is the true picture? That's the question everybody has been asking everybody that the field should know something about this. But in the audience, yeah, go ahead please. Let me thank you for working on the two people. The correct and the two people is that the NNPC has been using the wrong order. As far as the downpour of the NNPC is concerned. In the look at this, when we started experiencing the shortage of misuse, whenever I read the one book that I was referring to, the science petroleum program, you know they are all in the wrong. At the point it was at the beginning of the session, we got to a point where at the beginning of the corona crisis, then at the point they had to deal strongly. Then we went to some point where you can imagine the truth is we have gone out of it and that is what you see. You don't expect a country of two hundred million citizens. And in that country the last time or the final year or something was like 43 years ago. And it's common generation of people have not been able to go home before the final year. And they have to be able to make change, don't want the Americans to go to the hospital, you know, to not expect anybody to go to the hospital, you know, in the past. Okay, Nigeria went into democracy around 1999. So 1999, you are talking about 22,024 years. You should export to democratic dispensation or to leadership of democracy. But even if it takes 10 years to control the world entirely. But now we should be having two brand new refineries. But from what is happening, you can see that Nigeria has been reduced to a country where you are producing so much deal. But every time you want to do that, you go to somebody that doesn't want to produce or cultivate things. Nigeria has been reduced to a country where you produce so much cassava. And any time you need to do that, you have to go to a cassava store. You have to now go and defend on somebody who doesn't want to produce cassava. The truth is, it was the line that we were getting from so-called technical and government pressure, but the facts are out, but we have been facing the facts. At the point we were told last year that there was so much control and defense control, but the problem was that there were construction activities going on around the country. It is also clear that most of our lives are going to be in this situation going on. Private extravagant are not supposed to be the ones to provide good transportation to people. It is only that we are supposed to provide good transportation. Any private extravagant in this country will not be the ones to defend the people. It is also only the private extravagant who are there to provide something. If everybody is saying that they are going to defend the private extravagant, nobody is asking why they are going to just support them. Well, you think that they are going to support them a little bit, right? They are going to support the government. They are going to support the government, they are going to support the government and they are going to support that from creditors. If they are going to go to support from shareholders with that, if they are not going to pay shareholders that will be there, the only way they can go to support from shareholders that they are going to support is because they will pull out their funds. And if they are going to support the money from creditors, they are going to say what they are going to do for the interest. So they can want the work that people are expecting that the private extravagant is going to be able to save their business. Private extravagant and out-of-the-day office, if you establish a regular senior today, if you are in a hospital or a school, you are not extravagant because you love the citizen's work area. It is because you have time or you have disabilities and the government will remove from the person and in this way. So that should be the goal of every career. It is God's responsibility to show in situations like this where government is advocating for people and responsibility. It is the duty of low-income people like us to tell the government the truth when we will tell the government the truth constructively because we are doing everything we can to ensure. Okay. I'll leave you in the hands of my colleague Bio. Bio, please, over to you. Mr. Balazaka is waiting. Okay. Good morning, Mr. Balazaka, and it's always nice to hear your views on national issues. I assume you have been following the presidential candidates as they've been campaigning. What do you make of their proposals, if any, to solve the energy crisis we have? And when I say energy crisis, I'm referring to a few shortages that are cyclical, that keep happening from time to time, electricity shortage, and other related problems. God bless you for that question. I've been waiting for people who go energy journey to ask me that question. I am telling you to do a step that I am very, very difficult to take to talk of this. Not transparency, to look us up, to look at the situation, and to look at what you just had to do. It's so confusing, but in the course of all these years, we actually have to look me to step on it because it's a very difficult, an energy problem to come back. And I think you very well know you can do what energy. Even when they say we have to use them to solve it, we have to use them to solve it. We can't do that. Check if it's important for them. Just on this day, we're going to try to solve it and to take control of it, we're going to work on it. But if we can't solve it, we can't solve it. We don't have to go anywhere. But it's always better to find more people who have more time to talk about it. So important is to know that if we cannot do it, we have to go to another website to see what's going on. And if we can't do it, we can't stop the situation. That person you see, you will be to a father and you see you are a 13% to a father. They must be trained to protect that person who is the only person that has a thing for the rest of his life. Why do you go to the university to learn? To use that person to protect that person for much time. You need to be able to learn. When you go to the university for the first time, you don't have to go to the university to generate a new law. So why do you think that the difference between you having to provide that person or a medicine for the person to learn? I think the difference is to allow me some hope of the difference of things. So if you go to the university for the first time, you come on into the learning process. It is a concept that works for you well. So if something is wrong working with your quality, that will not impact the university of that concept. What do you need to check? Have you seen a change in your quality that is making the person to go to work? I think it is an example, an elementary example that I speak to you right now. The only reason why we have a serious problem is because there is a need to provide something for the university. So that does not work with that. Some of us also know that it was in the Nigerian country that it came so far. It was in the Bay Area. It was the Eiffel Tower that killed Shekau. So this is because of the government and the Eiffel Tower. So stealing the money is going for air. And of course, then you start the entire military. No. So why do you believe in why you have complicated decisions? What is it about the education? What is the culture? What is the purpose to provide something to the education? So it does not mean waste of time on the program. So the record of stealing money and diverging money to money for equipment and services, if you say the purpose of this education, the reason why you have teaching rights between state government and public health services also means to provide something to the health. So this is because of the direct responsibility of the public health services. So, a diverse program for state and state government, what is the purpose of that in the system? What is the purpose of that in the system? You need to provide something to the energy. So, then you have a certain problem with the fire. A problem with the maroon fire. And a problem with the question. a diverse system of these two ways. And I'm making one new talk, and I'm trying to say this is in the system that you fight. So what I'm here for is to think about that in the same, and we'll remove something. We'll remove something. I'm telling you that it's a small, meaningful way to deal with 80,000 billion dollars. So we know that at the rate of 5,000, and some of them, these things are also in different ways. It's one of the magical ways that people need to have missionaries. This is one of the most credible and creative youth that I've ever met. Thank you very much, Mr. Zaka. Actually, you touched on very interesting points. I like your analogy of using public health institutions, which exist side by side the private health providers. And therefore our fourth citizens, even though our health system is also facing challenges, but at least the availability of the public health institutions and the private health facilities give citizens options to either go to the public one or to go to the private one. So if my deduction from that is if we just leave the petroleum sector, for example, entirely to the private sector, that may not be reasonable. So my next question has to do with view directly now. I don't know if you can recall that some years ago you could actually drive into a petrol station in Nigeria and opt to either buy what was called a one-star petrol, two-star petrol, three-star petrol, four-star or five-star petrol. I don't know if you recall this. There was a time in Nigeria when you would actually do that. And the prices were different. So if you could afford one or two star, that was what you bought. And if you could afford the five-star, that was what you bought. But suddenly we woke up one day and the only thing that was available was just one brand of petrol and at a very high price. In your view, do you think there should be options as we had before? Well, this is where I went. I didn't plan to take the phone away. I wasn't supposed to let people put here to listen to people. The reason why you are here, you can see so many shutters. Please. Please. The situation of first aid, first aid response, first aid response. People still where always. If you want to help yourself, first of all, go to Baiku. People are great people and they are where you can go to Baiku and help them connect. Then you use your phone to carry out activities. So far, activities that will make you to the red body will make sure that you're fine. In the context of life, we are left empty consciousness. We don't have to make these decisions. You are living for about two or three years. And the strategic goals are there. We don't have to make these decisions. One day, two days, three days. What do you do? You lie on the table. And what do you say? A lot of people are listening. A lot of people are listening. These kinds of things, they are not the cause. It's the cause of death. It's the cause. To do that, I can tell you. I can tell you that we can. So we can. We can do it for one. But if I say, I can't do it. I can't do it. I can't do it. I can't do it. I can't do it. So what do you do? If you are not here, you don't say what for? Who means what for? You say somebody who is 25 meters from the ground, but with my life, everybody always gets the chance to go around the tables. If they are listening, they are going to go out at the same time. And what do you do? You say, you are not here to lie with me. Nigeria is a place of perfect, Now, we were talking with Mr. Bala Zakade, and he was giving us insight on what he thinks that might be the issue on some solutions, even though I think the last question by didn't get it very well, but so far some of the things he said were very, very enlightening, as it is. But let's take this break, and when we return, we hope to be joined by another guest. Otherwise, it's just Bayo and I that will be trying to express some of these issues that were raised by Bala and some of the talking points that we have for today. Stay with us. You're welcome back. It's still the run-up, and we're looking at the fuel scarcity. We're also looking at the Naira scarcity, and so many other things. We are being joined by Kayode Kundayo, who is an energy expert, well, a correspondent or a writer for Energy Times, and we will be looking at these issues that are biting us right now, as it were. Kayode, first of all, let me welcome you to the program this morning. You've been in this energy sector writing about it and following the events, and we were talking with someone earlier on, and he was trying to give us his insight into what is really happening. But right now, we're just concerned. Is this a sneak peek of what subsidy removal might look like? Will this be the kind of prizes we are likely to see? We've heard that the product has been sold at some places as high as 800 to 1,000 Naira in parts of Nigeria, so tell us, Mr. Kundayo. When we talk about fuel subsidy removal as at June, so will we start seeing this kind of situation or even worse when it gets into the month of July? Or are there marked advantages that we will have if this fuel subsidy is actually removed 100 percent? When we are discussing this scarcity, what is implied to people who have a bit of knowledge or who have knowledge about the industry? What is indicating is that NNPC is trying to tell laws that the sector has been deregulated. And no matter what the situation is or likely to be in the next two weeks, we can never get the price. At the level we were getting it earlier on, like what we were getting before the NNPC, and that is not likely to happen because the price NNPC is sending to the marketer is not the same price is giving to them in the last three, four months. Definitely the price is not going to be the same and there may be some place of way, there may be some place of way in the country where we are not likely to have the same price as we are getting it all over the country. Already the independent marketer is sending almost four Naira per liter in some places in Lagos for instance. They are sending up to Fagore in Badden and some other areas in South West. They won't have that in South West. They are sending up both the official price, which is N185, which was just agreed upon about two weeks ago. But I can tell you that we are not likely to get that at that price going forward. And what is implied is that the sector has been deregulated, but it's not announced to anybody. NNPC will have the sole supplier and the importer of that foyer is telling us that because your finance challenges is facing, you won't be able to import. To some of us, we don't believe that. You know government that is insisting that you want to deregulate. And government that is saying that it's only June that we subsidize this foyer. And if we are subsidizing foyer, it's June. Definitely it's not going to happen in June. Something has to happen immediately at least to tell us that this is a gradual withdrawal of federal government from South CD. So and that is what we are seeing. And this is what the government and even the NNPC will have told the children that yes, we have started deregulating. We have started doing this thing at gradual process. And that is why we are doing this thing. But they are telling us that because there is no finance, because there is a general Ukraine, Korea crisis, that is not led to the crisis we have today, which is not the truth they are telling us. And even if they pump and you know government you can hear what NNPC was saying about this ago, that they have up to 6 billion litres of foyer. If we have 6 billion litres of foyer in stock, what has led to this crisis that's just crippling the economy for the last three months? Why is it that this foyer are not pumping to the market? So you could see that this food is not being told. And we continue to freeze this crisis until after the election. Okay, before my colleague comes in now, some people have advocated a complete privatisation of the petroleum sector. Do you think this will be part of a solution or the entire solution for this crisis that we have been talking about? There is nothing to privatise again. There is nothing to privatise again. The complete, what we have said, let me possibly, sorry, is that complete deregulation of the project sector and the sector has been deregulated. The only product that is not deregulated in the sector is foyer, which touches everybody's life. This will not touch anybody's life. And it's not going to be this way. Gas, and it's not going to be this gas. But foyer, petrol that is what touches everybody's life. And that is the only product that is being handled by the federal government. And if you are talking about privatisation, you only talk about the asset that is in the sector, which is just every which are just the refineries. So it's not about privatisation now that is leading to this crisis. It's not. It's about the government planning to withdraw or as withdrawn from subsidising the product. And from what we see now, there is no subsidy being attached to it. But again, we see now that before the middle of next year, this year, there is possibility that the federal government is still paying and this is succeeding. Because it's still the soul imported of this product. And unfortunately, it's not sending at high price. Though it has increased its asset support price, but it's not sending at that, a significant price that led to sending the retail markets that we are seeing today. And getting the price down, we are not likely to see that price coming down to the official rate. Definitely, we are not likely to see it in the next month or two. And in fact, it's the end of the year. Okay, my colleague is standing by to also ask some questions. Bye, please. Thank you very much, Khalid. I don't know if you can hear me. He can hear you. Hello, I can hear you, sir. Okay, Khalid, I have a couple of questions and I'm also conscious of time. Okay, sir. So I will appreciate if you can just give your professional and candid response. You'll make it short. The first is this. NNPC says, from what you said, has a storage and I agree with you. Actually, I was waiting to hear somebody say that not too long ago, they told us they had 6 billion, I think, liters of fuel. Yes, it's billion. Yes, now. Now, the question I have for you is, do we have the capacity to store 6 billion liters of fuel? Yes, we have the capacity. We have the capacity. Yes, and the reason why we have the capacity is that we have famous deposits now that are private deposits that can store these products. That is what the company is saying. It's not that they don't have that deposit. No. Okay, good. Second question is, and I was just discussing with Yamgu when we were off air during the commercial break. Some years ago, you could drive into a petrol station in Nigeria and opt to buy either one-star fuel, PMS, one-star or two-star or three-star or four-star or five-star. If you were, say, for instance, driving the BMW, you would naturally buy a five-star petrol, a five-star petrol. If you're a bus driver, you'll buy one-star or two-star. I don't know if you remember in Nigeria when you could actually do that. The question is, why are we suddenly been given only one option of petrol to buy? Why not me going in and buying low methane for two-star, for which I pay how much, or I can buy four-star? Whatever it is that I choose to buy. Why do you think this is no longer possible? Sorry, I couldn't hear you better. What did I tell you earlier about driving to a petrol station to buy? I don't know. Can you hear me better? Can you hear me better? There's a noise on the ground in your place. Can you hear me better? Yes, I can hear you. Okay, he said there was a time you could drive into a filling station and decide to buy either one-star or two-star or even three-star, four-star or five-star depending on the car that you're driving. Why is that not obtainable anymore now? Five-star. Are you talking about oil or what? Petrol. Petrol. You could drive into a petrol station in Nigeria and choose to buy either one-star petrol or two-star petrol. The one-star is very low quality. Two-star quality is likely higher. Three-star is up to get to five-star. It was possible in Nigeria at the time. So my question to you is why is it that we have only one option and that option is at a high price? Okay, thank you sir. That is what the government we are. You see, we've been saying that leadership quality will lack it in this country and that is the problem we have. Honestly, what we are talking about is happening in Ghana. It's still happening in Ghana. It's happening in some other West African that are not even could go to a producing state in the West African country. Unfortunately, in Nigeria, that is what our leadership has caused us and we keep on saying that we need to have a leader that understands the system that I understand the economy. But Nigeria is very, very unfortunate. We keep on having old men that doesn't even understand what the economy is. We keep on having the same set of people that doesn't even want the growth for the youth. We keep on having the same challenge all over. And if we see, if we see what we face, it's independent. It's the same thing we face and that's why we remain the same. We remain on the same spot. Until when we have a youthful leadership that understands the economy that can better the economy, that is when the Nigerian system can grow. But what we have now, we keep on having the same challenge all over the country. What we are talking about is being operational in other West African countries except in Nigeria. In Nigeria. Okay, thank you. My last question for you, Caldee. I don't know if you have been, I suspect you have been to the Tanghote refinery. Yes, several times. Okay. Now you will notice that the Tanghote refinery is facing the Atlantic Ocean and actually has its own jetty as well. Okay. Now, some people have suggested that those of us waiting for Tanghote refinery might be in for a shock. And why? Because Tanghote is in business to make profits. And he is most likely going to be exporting because he's going to buy food from NNPC. He's going to pay NNPC to get food oil. And then he refines in his refinery. And he will export. And if you notice over the years, many West African leaders repeatedly visited Tanghote refinery. The president of Togo has been there. This is usually not announced. These presidents come, they pay a visit because they are also waiting for Tanghote refinery to be ready. And so when that refinery becomes ready, those who have this view are saying that if we in Nigeria think that the moment that refinery is commissioned, we just have access to petrol or to whatever. We may be in for a shock because the guy is going to look for the market that is willing to pay him and if he has to export it will do that. What's your reaction to that? Okay sir, thank you so much. I have two layers of answers to those questions. One, Tanghote refinery has been sourcing for buyers, I mean, the consumers for a very long time since the establishment. It's not me now. And the second answer is that that is the reason why NNPC is sourcing in Tanghote refinery. And what that means is that Tanghote refinery is going to be supply, I mean NNPC is going to supply Kudoi to Tanghote refinery. The 20% NNPC has in Tanghote refinery is meant to supply Kudoi. And that is what that is meant for. So by the time the market comes we are not likely to have that stock as many buyers are seeing. It's going to say the normal market and Nigeria is going to make a lot of, I mean there will be a lot of subsidized in terms of getting the product available. For instance, when you import from anywhere in the world to pay for a number of things, like NPA, cargo, delivery, long distance, all those things, you pay for all those things. When it is Tanghote, you can easily use truck from Tanghote refinery to distribute within Lagos. You can use it to distribute with Nigeria. So those costs is no longer there and that will have an impact on the price that we are going to be sold to NNPC or sold to the consumer or sold at the retail station. And it's not that it will be any stock. If it is sent at international price, yes, Nigeria is going to derive maximum benefit from it. Thank you very much. Our time is really off. If you can do in 30 seconds please. Bio asked this question earlier. Are you comfortable with what you have been hearing the presidential candidates all talking about reformation in the power or energy sector? You've listened to them. What are your takeaways from what they have been talking about issues of power, issues of energy, issues concerning fuel that we are talking now? Yes, yes. Briefly please. Okay, you want, okay, yes, a lot of them have been talking about restoring or have stability in power supply. It's not for them to talk about it. We have seen it before. It's not new to us. Yes. It is when they get there that we now face with the re-tasked. Before the president government was there, we will understand, we told us, they told us many things about what they are going to do. But when they get there, they find something else again. I can tell you when a person got before he became the president, he said many things. But when eventually he became the president, he changed. He brought up, he brought Bolaji, Bolaji was there. We eat 4,000 megawatts on the one particular day. The thing went down in the evening of that day. And since then, we've been with Maronis fighting to get 4,000 since 2020,000. I mean the other is 2,000. We'll be fighting to get that 4,000 megawatt. We don't need for that particular year till now. We have no move beyond it. Except maybe once in a while, when we have it and we go back to 3,000. That has been the state. Now, the magic, all the contributors, for far, they don't know yet until when they come in. Already, you know, we have the president government have a partnership with Sime. They have started doing something. So, whoever come will do that. And I really don't know the strategy they are bringing to ensure stability. Because we have the power supply in this company. We have the power plant. They have the capacity of about 11,000 megawatt. What is the problem is with what we don't know. And the analysts have been, our experts have been telling us that the problem we have is the transmission. What if on the distribution network, the transmission and truly, at times, we get 5,000 megawatt. We think we're just wrong. So it has been the issue. The magic that you bring to stabilizing this power is what we don't know yet until when they come in. So we can really not say that this is what they are likely to do. This is not likely to do. Because it's not we. You will be telling that. It is the activities and what their responsibility to the system that will tell us that yes, these people are doing well. These people are not doing well. Let them come in. Then we see what they are going to do. At least in the next six months, when they get to power. Okay, okay, Coyote. Thank you so much. So it's an act of faith for Nigerians to pray hard that when they get there, whatever promises they have made, they will keep. Thank you so much, Coyote, for being a part of our program today. Thank you. Okay, that was Coyote Kundayo, a publisher of Energy Times newspaper. And he's been also giving us insights to what he feels that the problem is in the sector, in the energy sector, as it were, and so many other things. We'll take a short break for the news. When we return, Bayo and I will be looking at some of these issues and others that we've had in the course of the day. Stay with us. You're welcome back. Today, we have been looking at the scarcity of almost everything essentially in Nigeria, scarcity of fuels, scarcity of narrow nodes, and all that. But I'm interested. Okay, well, my name is Nyam Ghulagaji and Bayo Aloua, who is still here. What has interested me in all this is how swift our justice system suddenly has become. Was it not yesterday or the day before that political parties, up to 14 or 18 of them, went to court and had an injunction saying that the central bank and the federal government must never go back on the narrowly designed policy. They made sure that they got that judgment that prevented the central bank from going back and saying that they are going to extend the time for validity of the old nodes. This morning, we've heard that the Supreme Court swiftly has also given a ruling that that policy cannot be implemented. I'm just wishing that the justice system is swift all the time to administer justice, to do what the needful is at all times, because I've seen cases that have been in the courts for more than 10 years. Some of them we just forget about them and that's the end of it. And I'm just wondering why the swiftness, why so much efficiency and effectiveness in this issue of the Naira, did it not cross your mind why everything is moving so fast at this time? What do you think could have been the cause? Well, it crossed my mind, but also once there's a dispute between the components of the federation, the constitution, I don't know which particular section, I'm not a lawyer, but I know that there's this amendment to the constitution, especially due to electoral issues that took so long to resolve and all that and all that, so electoral laws are amended, things are amended, but also disputes between the component units of the federation, whether the federal government and the states or the local governments and the states or the local governments and the federal government, the legal education process was shortened. So I think the case will have to, it has to have some sort of appeal or something like that, but then you can go straight to the Supreme Court and say some sort of a constitutional issue. In this case, I'm suspecting that because the central bank is autonomous and therefore cannot be, I mean, it has autonomy, so to speak, and therefore it cannot be one arm of government that can give an instruction to the CDN. I think it's because of this that they went to Supreme Court. Having said that, I mean, I stand to be correct there, but that's my opinion of the situation. But having said that, I think as well that it was fast. I agree with you that it was fast. This could be because the appellants, you know, sufficiently convinced the justices that it was a matter of urgent national importance, especially given the fact that the deadline that was issued for everyone to have exchanged their own notes would have just come up in two or three days from when they filed a suit. Still, having said that, I think it was very fast because the Supreme Court could have said, okay, we issue an injunction, let the proceedings, let the status quo remain until this case has been heard, but in which case the February 10th deadline will still not have that. It will be by extension people who still continue exchanging money until the Supreme Court case was heard. But they didn't do that. They issued the judgment. Now, having issued the judgment, because now they've issued the judgment, so we can comment about it, is when the case is in court that we are not allowed to comment on it. So now, having given judgment, I'm just wondering, because you see the executive implements, the executive executes court judgments, unless it's in a private matter, okay? So still you are going to need the executive to implement this. The agents that can implement that judgment will be the CBN, which is part of the executive, even though it is autonomous, okay? So, and then if you have to enforce anything that you need, maybe the EFCC, or you need the fraud section, or whatever it is, the fraud section of the Nigeria Police, or ICPC, or whatever. So, I mean, so we will see. Let's see how this implementation would be, especially given the fact that the initial deadline that was given is just so close, just two days to go. Okay, well, I just wish, I just wish and I hope that the administration of justice will be, will always be as swift as this. Let it not be this one that people are speculating that okay, they were supposed to, governors were supposed to meet the president and make a case for the students. They didn't go. The lecturers were on strike for over eight months. They didn't go to the president to appeal to him. People were suffering in one way or the other. They didn't go to the president until it became Naira and close to the election and everybody started talking. So I just hope that whatever or whoever was saying is because it's affecting them directly, that's why they're doing this, will be proven wrong by the justice system sitting up and doing their work and administering justice very fast. But the next two... Sorry, just one quick thing. Just one quick thing. I'm also trying to understand the basis of the court case because in what we have seen in the media and from some of the guests we have had on this program, the complaint has always been that there are not enough new Naira notes. The complaint wasn't that they still had old Naira notes to exchange. Correct me if I'm wrong. That's it, that they don't have the new Naira notes. But the complaint is that there are no new Naira notes. So if Kogi and the other two states that went to court are saying that there should be an extension of the deadline, not that central bank should be compelled to print more new notes. I'm finding this very interesting because I haven't seen people saying we still have old Naira notes we've not been able to exchange that. Unless maybe the governors who went to court or the governors of those states said that their old states have the old Naira notes and have not been able to exchange that. That's an interesting angle, yeah. I was expecting that the court case would be to say that the CBN should be compelled to disclose how much in value of new notes it printed and whether that was sufficient to go around and if not, one order of the Supreme Court compelling the CBN to print as much Naira notes, new Naira notes as would erase this scarcity. Because extending the validity for me will not solve any problem, unless those governors are the ones who have good Naira notes. Yeah, really nobody has ever come out plain to say that their old notes that are somewhere that people are not able to exchange is the ability to get money, new notes and all that. Exactly, we don't have the new notes, we also print so that should be the case. But they have won now. Okay, let's just take these two things together now. I wanted us to take one after the other, but that time is going. In a Nigerian village, I don't know if you know, a king has created a currency to drive economic empowerment in the rural community. The traditional ruler called Ademola Adjibola introduced what they called the TLK voucher in August 2021 as a means of exchange within Ijarai located in the same local government area of Kwara south central district. Ijarai has a hilly terrain and like many rural communities in Nigeria its economy is based on the incomes of civil servants, healthcare workers, subsistence, crop farmers and so on. He created the voucher system upon his return to Nigeria in August 2021. Earlier, the monarch had converted a part of the Moribond Nigerian Postal Service office in the community into a microfinance bank called Ijaraisen Development Fund Center. The microfinance bank now issues the vouchers. Because this microfinance bank does not have the license to operate as a microfinance bank, it uses the license of a microfinance bank owned by the king himself. The IDFC as they call it, the assistant manager in that IDFC, Yomi or Duma, they revealed that after Ajibola became king in 2021 he was handing out money to his subjects in the hope that when they spend it in the community it will have a multiplier effect that will expand the community's income. However, the king discovered that instead of spending it on the local economy as he had hoped, many prefer to either save it in their bank accounts or even spend it on goods sold outside the community. So to address that, he now introduced a voucher and that voucher is legal tender in that village. You take the voucher, when he gives you the voucher, he doesn't give money now, he gives the voucher. When you take the voucher to any store, any salesperson within the community, it is accepted. So now whatever money he gives out to the people, it circulates within that community. So I'm sure in that community now they wouldn't be thinking about new narrow nodes. I'm sure in that community, they won't be all this fight and all that because they have a voucher that serves as money alongside the Nigerian currency. Well, since it works for that community, I think that was innovative, that was very creative and right now they won't have this problem. And secondly, like I said, I'm joining them together, we have heard that banks in Medugri have started dispensing the new narrow nodes at various ATM points and even over the counter, after Governor Zulum threatened to revoke land CFO of any bank hoarding new narrow nodes. Now if this is true, I am happy and sad at the same time because it shows that most times the only language we understand in this country is force. For something we should have come naturally without force or inducement. If this be true, kudos to Governor Zulum. I hope other state governors will learn from this action and know that being Chief Security Officer of the state does not have to be the control of police and army and I hope they won't be complaining all the time that is because power is not in our hands, it is in the center and all that. Those are my observations and I think I like these two things. Just a few comments from you before. The last one, Governor Zulum for me is the best government in Nigeria personally. He's the best government in Nigeria, I won't say more than that. I mean, he doesn't care about his life. He's there for the people. He's visited areas liberated from Boko Haram many times. Sometimes during those visits, he came on that fire. He's all public in the public space. He's my best governor. Coming to the traditional route, I respect what he's done. I think he's quite innovative and good. The only thing is, I wonder if it's not in the gray area between what is legal and what may not be legal. I think Israel Highness would need to check the CDN to make sure that what he's doing is in line with the monetary rules and regulations. But I think he's very innovative and I don't see how the CDN will not support that. He's not printing money. So he's not contravening laws but he's doing something quite innovative that we can give vouchers to within cash and so on. And I think it's something really good. They should be commended. Okay, well, that's the much we can take today. Whoever is doing something good, we commend you. Whoever is doing something bad, please desist from it. This is our Nigeria violence is not allowed. So whether you get cash from ATM or not, whatever it is, be peaceful. Thank you, Bayo, for being a part of the program today. Always a pleasure. Thanks for having me. Until tomorrow, on behalf of the entire team, my name is Nyam Gul Akgaji Singh. Thanks for being there.