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Which Business Can I Venture Into With This CBN New Policy. - Business - Nairaland

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Which Business Can I Venture Into With This CBN New Policy. by Ok12345(f): 6:41pm On Dec 07, 2022
Pls house
Which business can I venture into with this new can policy.

I want to lay my hand on something come 2023,I was thinking of POS but it seems the business Don cast with this 20,000 cbn maximum limit.

Help ya girl.
I don't have person to beg urgent 2k
Re: Which Business Can I Venture Into With This CBN New Policy. by faceland: 8:36pm On Dec 07, 2022
You can still do POS.

We are Nigerians and can find ways around almost any law.

You would need a different POS so you set the withdrawal as INVOICE (payment for something which would get VAT), then you charge extra... Also people can withdraw above the 20k limitation but the government would take 5%... I think their is still opportunity for those that are not intimidated by this law. There is also the option of account to account transfer and the need of trusted agent to assist the illiterate receive transfer like a Fulani selling a 200k naira ram on Sallah day.


https://www.youtube.com/watch?v=RfaIEnw15w0
Re: Which Business Can I Venture Into With This CBN New Policy. by Ok12345(f): 9:58pm On Dec 07, 2022
faceland:
You can still do POS.

We are Nigerians and can find ways around almost any law.

You would need a different POS so you set the withdrawal as INVOICE (payment for something which would get VAT), then you charge extra... Also people can withdraw above the 20k limitation but the government would take 5%... I think their is still opportunity for those that are not intimidated by this law. There is also the option of account to account transfer and the need of trusted agent to assist the illiterate receive transfer like a Fulani selling a 200k naira ram on Sallah day.


https://www.youtube.com/watch?v=RfaIEnw15w0



Thank you

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