If the Central Bank of Nigeria extends the February 10 deadline for the naira swap, 13 of Nigeria’s 18 political parties have threatened to pull out of the 2023 general elections scheduled for February 25 and March 11.

The parties have said they won’t participate in the elections if the new deadline of February 10, 2023, is moved again.

The coalition of political party chairs praised President Muhammadu Buhari for redesigning the N200, N500, and N1,000 banknotes and insisted that the policy must stay in place.

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The parties also criticised the governments of Kaduna, Kogi, and Zamfara for going to the Supreme Court to get a court order to make three old notes valid for longer.

Kenneth Udeze, the National Chairman of the Action Alliance, told the press,  “We hereby announce that at least 13 out of the 18 political parties in Nigeria will not be interested in the 2023 general elections and indeed we shall withdraw our participation from the electoral process if this currency policies are suspended or cancelled or if the deadline is further shifted.”