Cashless policy: Take it easy on Nigerians, Emir Bayero cautions CBN

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The Emir of Kano, Alhaji Aminu Ado Bayero, has cautioned the Central Bank of Nigeria and commercial banks to follow the cashless policy steadily in step-by-step for the people in the country to embrace and familiarize with the new change.

“Every good change is like this; people hardly accept it at once. You should also consider people in the rural areas because they suffered the most during this hard time.”

He advised that the e-banking system should be improved as it also contributed to the challenges people are facing, adding that “You should liaise with the phone and SIM companies to ensure that the process is made easier for people.” Speaking earlier, a deputy director of the CBN, who is also the team leader, Muhammed Hamisu Musa said the essence of the visit was to seek for the blessings of the Emir and also to urge him to enlighten the public to embrace cashless policy because it has come to stay.

The Deputy Director said the Bankers Committee encompasses all the MDAs of banks and the CBN and that they will embark on an enlightenment tour to markets to seek people to embrace the culture of cashless policy as it will benefit them the most. “We know that culture change is not easy, that is why we are trying to take it gradually on people so that they will accept the policy. We are trying to bring out the benefit of the policy at least it will motivate them to accept the policy,” he said.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

 

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