Why Cashless Policy should be encouraged  – Governor Obaseki

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Governor Godwin Obaseki of Edo State has adviced Nigerians to embrace the Cashless Policy being pushed by the Central Bank of Nigeria (CBN).


According to the Edo helmsman, “Most people who have bank accounts and have android phones don’t need to go to the banks to collect cash, from their phone they can make whatever payment they want to make. Others with less sophisticated phones can still make payments with the USSD code given to them by their banks to pay for transactions.


“There are also companies that offer electronic wallets service registered by the CBN, We also have POS terminals that have been licensed to operate, through which the people can also make payment”, he said


On his part, Blaise Ijebor, CBN Director said he was in Benin to encourage people to use alternative means to make payment for business transactions as CBN want to drive a cash-light environment for the benefit of all.


“You can use your ATM card, bank APP or USSD code to make payment. So, use alternative means as much as possible but we are going to make sure that there is cash supply within the next one or two days”.


“We have asked banks to pay up to N20,000 but because of the crowd, some banks might not be able to pay N20,000 at once. So, if they can pay you N5000 or N10,000, use that to manage for the next day or two. We are going to make supply available.

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