CBN full implementation of cashless policy go start today

[knowngunman]

As the matter be now, e no be new thing again say CBN no want people to dey carry plenty cash for body dey Waka up and down. Dem say they prefer make money dey inside system (bank) dey flow so dem go fit track every transaction wey dey happen. The problem now be say whether the thing go work smoothly or not because from the history no be the first time be this wey CBN dey introduce this kind policy but e dey fail.

In 2012, the Sanusi Lamido-led Central Bank of Nigeria (CBN) introduced cashless policy with the aim of reducing the quantum of physical cash that is being used in the system in an attempt to cut down on cash handling expenses of banks.

During that period na just few states implement the policy before they con suspend am in 2015. So how this new one intended to be different from the previous one?

Emefiele had announced the full implementation of the cashless policy effective Monday, January 9, 2023

Although, the CBN boss Godwin Emifiele Don assured us say everything Don set wey go make the policy work effectively but na naija we dey na. Na so dem go talk normally

All infrastructure that is needed to ensure a smooth working cashless system such as the CBDC, online banking, Payment System Banks (PSBs), point of sale terminals (POS) agent banking, mobile banking and ATMs have since been deployed.

As the matter be now, if you want to withdraw money from ATM na 200 naira and lesser denomination e go dispense for you. To get 1k note or 5h, you go enter inside bank or you go to POS center.
if you Wan read full details about this you fit click Here
So wetin you fit talk about this policy? You think e make sense?

[Obari]

This policy make sense I no go lie especially for the fact say na mostly our politicians the law go affect most because na same them go need plenty physical cash to take carry out their corrupt practices no be person we no get money.
This very law no get any major effect on a common citizen of the country wey still dey struggle how he go take meet up life and if at all the policy later come stand, then before then, the common man go don adapt to the change.
On the other hand, the law get great impact on us especially crypto users wey dey always prefer anonymous transactions because with this very move wey CBN and government dey take like this, I no sure say privacy go dey again.

[Marykeller]

Na good thing sae the cashless policy don start. Em go make much sense make bank play their part wella in delivery the services needed by them by their customers, make them no go do magomago put for the mata cos everything for this country(Naija) get as em d be.

The Central Bank of Nigeria, CBN has vowed to sanction any commercial bank hoarding the new naira notes from the public. According to CBN, from Thursday (today), monitoring of commercial banks will commence, in order to know those who are not giving the new naira notes to customers.

In other hand, CBN suppose create much awareness for the street based on how peso go suppose the differentiate the fake naira note and the real. No be to give sanction be the problem, peso fit tell the real and counterfeit naira notes easily.

You go fit believe sae many Nigerians neva take their eyes see the new naira notes since wey the redesign am till now.

[Coyster]

E get anybody wey fit confirm if this withdrawal/cashless policy don start in earnest, since the day wey them talk say e don start i never go bank, neither have i even withdrawn any money out of my account through any channel, so i no go fit talk put if banks and other financial institutions don they follow the guidelines wey CBN give them.

You go fit believe sae many Nigerians neva take their eyes see the new naira notes since wey the redesign am till now.

I be one of such Nigerian oh, i never physically see or touch the new naira notes, na only online i don see am, wetin i notice be say the new naira note never begin they circulate wella, the last time wey i use ATM take withdraw money, na old note the machine dispense for me. Anyway make we pray say all these policies go help naija. God bless Nigeria.

[knowngunman]

E get anybody wey fit confirm if this withdrawal/cashless policy don start in earnest, since the day wey them talk say e don start i never go bank, neither have i even withdrawn any money out of my account through any channel, so i no go fit talk put if banks and other financial institutions don they follow the guidelines wey CBN give them.

You go fit believe sae many Nigerians neva take their eyes see the new naira notes since wey the redesign am till now.

I be one of such Nigerian oh, i never physically see or touch the new naira notes, na only online i don see am, wetin i notice be say the new naira note never begin they circulate wella, the last time wey i use ATM take withdraw money, na old note the machine dispense for me. Anyway make we pray say all these policies go help naija. God bless Nigeria.

Lol me and you dey the same lane. Since the unveiling of new naira notes I never carry my eyes see it at all. Although I no remember when last I withdraw money using ATM or POS sef all my transactions are purely online. I dey collect cash from my bros dem when I need it and run them transfer.

[Dzwaafu11]

As the talk they go like these e good but the way CBN they run things nowadays no go sweet us at the end oh I swear dah matter of make people no dey Waka with too much money for there pocket good for security purpose... But dah Mata of daily limit transactions wey they talk I don't know whether they still they do am, what if someone get person for like hospital, or u need urgent money how person go do sometimes naija Mata go just they do somehow wetin they suppose to do they no go do am they'll be spending alot of money on other things

[SmartCharpa]

My side during  market day see as money take dey scars from Pos alot of people have been complained that no money even 100k wey charges be 5h na 1k now, wat about all this people that are doing pos job how are dey going succceed if they no get plenty account wey dey go take use run the business how dem go take gain, na the rules wey go just dey bring sufferness to the country dem go dey make.