Home Uncategorized CBN to reintroduce cashless policy nationwide – CBN Governor

CBN to reintroduce cashless policy nationwide – CBN Governor

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The Governor of Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, has unveiled plan to extend the cashless policy nationwide almost two years after the policy was halted.

Emefiele said all necessary structures have been put in place to improve banking services in the country.

He made this remark Wednesday during the First Bank of Nigeria’s 125 years anniversary gala night dinner.

According to him, his predecessor, the Emir of Kano, Alhaji Muhammadu Sanusi II, had introduced the policy, but the CBN under his leadership was not certain about the rate of financial inclusion and penetration in the country.

The CBN had in April 2017, suspended the nationwide implementation of the cashless policy.

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