onatisi:
it will destroy the economy, you are ok because you are in a city where there is telecom networks, atm, pos and you have the luxury of being educated. there are many who are in remote areas where the network is very bad, how will they transact? how will food sellers going deep into rurarl areas pay farmers when even ppl in the cities are rejecting the new notes / we don't have the infrastructure yet to do these things.

It won't destroy the economy. Nobody is saying don't withdraw cash just pay charges if you exceed the limit.

Truth is that rural dwellers don't spend copious amounts of cash for their subsistent existence. If you want to go there to buy land or buy in bulk or buy votes, source for your cash and pay the charges. Just the same way if you want to go abroad you go to the black market and buy dollars.

Don't be more catholic than the pope.

Moh247:
Why not negotiate a more sustainable price cap

Uncle.... If Una wan win the election do it fair and square not by vote buying.

Islie:
•Say CBN’s policy will hurt rural dwellers

•Claim cash limit may set masses against president




https://thenationonlineng.net/governors-reject-naira-withdrawal-limit-offer-to-meet-buhari/

I thought Masari said that the govenors had endorsed the cashless policy?

According to one of the governors, "we had agreed to beg the president..."

Very wrong language. Nigeria is a federal republic.The president isn't an absolute ruler and the governors don't owe their position to him. So why beg?

LeoDeKing:
Paint it the way you want, this policy is very wrong. You can't just go copy one system from Europe and impose it on us without taking note of the structures on which they were built in that Europe.

Network is even the main challenge here, why not get at least 90% perfection on this first? Imagine after shopping in the mall, you either make a transfer or use the POS only for the money to get stucked, call the bank, they tell you to wait for 5 working days before reversal.

Secondly, why punishing over 200 million Nigerians because of less than 10k politicians? Recently, the cbn says there are over 1.4 million pos agents nationwide, with 20k daily maximum withdrawal limits, how can they continue their business?

This is just a tip of the Iceberg on the attendant issues with this policy, there over 100 other cases that are yet to be noticed and will largely affect SMEs which this govt claim to be its main apostle.

And for those thinking they are doing Tinubu, I just dey laff.

Anyway, what do I know?

God bless you my brother, our government is such a funny one, we have lots of primary responsibility they haven't fulfilled, they are arguing that the world has gone digitalised and isn't that the same world that enjoyed stable electricity and good roads access together with clean environment and water, can't they copy such and implement it here, but they are quick to copy cashless policy, let start from provision of basics need first

chiefolododo:
anything opposed by the governors is always the right thing to do

In fact anything opposed by Governors know that it's the right thing.

They only protested because it will hurt them terribly.

Take for instance my Rivers State governor still paying N18k minimum wage without employment or promotion for the past seven years also crying for the review of the policy.

The minimum wage is already less than the withdrawal limit so why complaining if you never had an ulterior motives.

Politicians are evil

LeoDeKing:
Paint it the way you want, this policy is very wrong. You can't just go copy one system from Europe and impose it on us without taking note of the structures on which they were built in that Europe.

Network is even the main challenge here, why not get at least 90% perfection on this first? Imagine after shopping in the mall, you either make a transfer or use the POS only for the money to get stucked, call the bank, they tell you to wait for 5 working days before reversal.

Secondly, why punishing over 200 million Nigerians because of less than 10k politicians? Recently, the cbn says there are over 1.4 million pos agents nationwide, with 20k daily maximum withdrawal limits, how can they continue their business?

This is just a tip of the Iceberg on the attendant issues with this policy, there over 100 other cases that are yet to be noticed and will largely affect SMEs which this govt claim to be its main apostle.

And for those thinking they are doing Tinubu, I just dey laff.

Anyway, what do I know?

You don't actually know anything. Tinubu and his cohorts are probably the ones driving the governors to go to Abuja and revise this.
It's better this way, that way no one complains about rigging.
Your master is sure of winning, so why are you concerned?
Buhari is trying to make things right. I applaud him and hopes he sticks to this change until after the elections.

This would just increase the rate of crime in the aspect of fake transfer

God1000:
They should mount pressure on president buhari and CBN to reverse this policy abeg.


But i hope they are not doing this for their own selfish interest sha because elections are coming and these governors will like to spend their slush funds without hindrances

Hehehe!

You think they 'the governors' are doing this you and I?

The fact that, they even thought of reversal means the policy is really going affecting them.

Cbn has loot our foreign reserve no more money to print enough naira note reason for this policy
Nigerians might witness hell 20k is too small daily

Increase it to 200k and after election 350k

Governor or not, the policy is too rigid. Many of us support this policy are not into business semanding large payment of money, and most times this payment areto be made ro people who do not need transfers but cash. Some might be early morning business.

Of course they are.

They are ones who wish to take out obscene amounts of currency for nefarious reasons.

kingsways:
Rubbish. They want to be withdrawing cash from government accounts to enable they steal / misuse public funds

Even if the N20k daily will be reviewed.
No government account should be exemted from cash withdrawal limits.
I don't see any reason why any government account (local, state, or federal) should be withdrawing cash.

We can review it after elections, not now. Looters

God1000:
They should mount pressure on president buhari and CBN to reverse this policy abeg.


But i hope they are not doing this for their own selfish interest sha because elections are coming and these governors will like to spend their slush funds without hindrances

You ne fool

Tell the world I am back- Davido says as he performs at 2022 World Cup closing ceremony

Watch Video

https://www.youtube.com/watch?v=orSuGEsdO9s

May God punish the useless governors, they are always united against the poor people, why didn't them beg the president to open boarder to allow rice come into the country for the benefit of the poor?

Since when has Nigeria governors forum became the mouth piece of the rural dwellers?

Do the governors care about the rural people with their mindless looting?

They are looking for avenue to loot and divert more public funds.

Mr presdo I support you on this policy at least till after may 29, 2023. Dont listen to them.

LeoDeKing:
Paint it the way you want, this policy is very wrong. You can't just go copy one system from Europe and impose it on us without taking note of the structures on which they were built in that Europe.

Network is even the main challenge here, why not get at least 90% perfection on this first? Imagine after shopping in the mall, you either make a transfer or use the POS only for the money to get stucked, call the bank, they tell you to wait for 5 working days before reversal.

Secondly, why punishing over 200 million Nigerians because of less than 10k politicians? Recently, the cbn says there are over 1.4 million pos agents nationwide, with 20k daily maximum withdrawal limits, how can they continue their business?

This is just a tip of the Iceberg on the attendant issues with this policy, there over 100 other cases that are yet to be noticed and will largely affect SMEs which this govt claim to be its main apostle.

And for those thinking they are doing Tinubu, I just dey laff.

Anyway, what do I know?

Is there ever a right time to do anything in your country?

You guys are always resisting every policy the government wants to put in place.

You guys keep on giving excuses why so, so and so cannot happen in your country meanwhile you keep comparing your country to those other countries where such policies are working out fine.

See, lemme tell you something, the best time to do something is NOW.

God1000:
They should mount pressure on president buhari and CBN to reverse this policy abeg.


But i hope they are not doing this for their own selfish interest sha because elections are coming and these governors will like to spend their slush funds without hindrances

Before nkó.
Do you think they are doing this for this masses?

These guys are all about their own pockets and self interest.

another1:
I wish this 20k daily withdrawal will stand.

he na go stand.... Na masses go suffer am....if it stand politicians will still buy vote....

LeoDeKing:
Paint it the way you want, this policy is very wrong. You can't just go copy one system from Europe and impose it on us without taking note of the structures on which they were built in that Europe.

Network is even the main challenge here, why not get at least 90% perfection on this first? Imagine after shopping in the mall, you either make a transfer or use the POS only for the money to get stucked, call the bank, they tell you to wait for 5 working days before reversal.

Secondly, why punishing over 200 million Nigerians because of less than 10k politicians? Recently, the cbn says there are over 1.4 million pos agents nationwide, with 20k daily maximum withdrawal limits, how can they continue their business?

This is just a tip of the Iceberg on the attendant issues with this policy, there over 100 other cases that are yet to be noticed and will largely affect SMEs which this govt claim to be its main apostle.

And for those thinking they are doing Tinubu, I just dey laff.

Anyway, what do I know?

Let it stand until after the elections.

lampi:
Because ure poor

That means the poor people wouldn't be affected by the policy so the governors have no points

why the policy is harsh....the merits outweighs the demerits...The governors are only concerned because it will affect them the more not cos they have the interest of the masses at heart.

do4luv14:



Bros if you look the policy well, you will see that it favours the Governor's and super rich Nigerians


let me ask you can you efforts to pay 1k extra, for withdrawing another urgent 20k


Or can you pay 5k, just to withdraw another 100k, for your small business

Who is preventing you from doing transfer?

chiefolododo:
anything opposed by the governors is always the right thing to do

Ask them to give LG autonomy now, dem go say 'No'.

Bloody wereys wey dey disguise

God1000:
They should mount pressure on president buhari and CBN to reverse this policy abeg.


But i hope they are not doing this for their own selfish interest sha because elections are coming and these governors will like to spend their slush funds without hindrances

They are na. Elections is close cash will be needed for bribes

After election it can be reviewed

Some people have planned how to spend ill gotten money during election

Say NO to vote buying

God1000:
They should mount pressure on president buhari and CBN to reverse this policy abeg.


But i hope they are not doing this for their own selfish interest sha because elections are coming and these governors will like to spend their slush funds without hindrances

you obviously know they are doing it for their looting... I fully support this policy, good or bad...

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Yeye policy, here in Europe, ATM machine you can collect 1000euro, some bank 700euro to 500euro each day. Nigerians suffer for everything. Let see how the new policy will make Nigeria good.