Vilgax:


lol, cool down commie.

all political ideologies are idealistic on paper.
the insatiable greed of man corrupts everything no matter how noble it seems.

omonnakoda:
Source please

Advocate500:
don't be too sure about that ooo, tinubu and his enablers will have access to any amount of cash they want, don't be deceive by central bank and their useless policy,the poor man will end up being the victim of this policy.

dre11:
Nigerian Central Bank Policy On Cash Withdrawal Limits May Hinder Economic Growth As It Happened In India—Report




https://saharareporters.com/2022/12/15/nigerian-central-bank-policy-cash-withdrawal-limits-may-hinder-economic-growth-it

Okoroawusa:
That policy has come to stay. Anyone that doesn't like it can relocate to India

Jimmythewise:
There are societies that are better than others. The democratic ones usually end up on the least.

Ade1177:

I have a question

Cashless yh?
All my banks

I use 3

Access bank
Zenith bank and gt bank

And I have not had a day without complain

It's either no network,
No alert, or no credit atall

Or worse
Mobile app won't open for hours
No apology
No notification

Get stuck without cash because you can't access your mobile app

So how is going to work when I need 200k

And I can't withdraw more than 20k and its a matter of urgency or God forbid life and death situation

Hier:


Artisans would receive wages within the minimum withdrawal per day. Traders all of those small small cashes, should not be above 5k or the 20k minimum withdrawal. Anyone who would receive 10k should be doing sth big, and they should be able to afford an android phone and at least have a little bit of education which would enable them understand how mobile banking operate

ken6488:
stop using this mama lie


Have ever bought something of 1m from mama and paid in cash

joyousever:
By then those businesses would have adjusted to the policy by making provisions for electronic transactions. And for alms, how much do you give as alms? Do you empty your account to do so?

Okoroawusa:
That policy has come to stay. Anyone that doesn't like it can relocate to India

highness25:
Mama has people that works for her. I've bought something worth 600k from Mama. She doesn't have account, I paid cash. After work, her accountant goes to give account in her office at the village and she submits cash to her.

Vilgax:


that's debatable...

while I agree democracy is far from the perfect system, humanity as a whole has made considerable progress under its influence.

Hier:


Sure, if you would be getting a pay of 10k in today's Nigeria, you should have an android phone and know how to operate one

jumper524:
NIGERIA ain't India, and if the cashless policy is not imposed on us, then it may never happen. There would always be critics to state how itll affect us. The benefit of this cashless policy is way too large to consider its little downturn. Nigeria besides have the fastest growing improving banking system in the world.. make the policy and see wide range improvement. Soon mobile wallets would have a platform where you can pay bike and car drivers as little as 200 via transfer without charges. The policy has both short and long term benefit while the downside is only shortie as we are one of the best in adaptation.
No rook for thieves hoarding cash any longer.

Only advice I can give any old school is to get a good android phone and also learn how to use and secure it. The world is pushing forward and sometimes people are left behind, don't be left out.

jumper524:
NIGERIA ain't India, and if the cashless policy is not imposed on us, then it may never happen. There would always be critics to state how itll affect us. The benefit of this cashless policy is way too large to consider its little downturn. Nigeria besides have the fastest growing improving banking system in the world.. make the policy and see wide range improvement. Soon mobile wallets would have a platform where you can pay bike and car drivers as little as 200 via transfer without charges. The policy has both short and long term benefit while the downside is only shortie as we are one of the best in adaptation.
No rook for thieves hoarding cash any longer.

Only advice I can give any old school is to get a good android phone and also learn how to use and secure it. The world is pushing forward and sometimes people are left behind, don't be left out.

xperiencelove:
If you do a legit business with huge funds, learn how to use digital money.
I know beforehand that fraudsters and money lunders will find this policy hard on them and they will pay those useless media houses to publish lies about it.

backnbeta:
So many illiterate and semi illiterate artisans out there operate with cash! Market women, labourers, food vendors...how will they manage? Yes, People will adjust eventually; but is it the best for an economy like ours?

IranianSea:

Thanks you. I want you to understand the statement " Cash withdrawal" it's not the same is transfering from your account to another account. You can transfer 10millions to another account but you can't have that amount in cash at hand ( physically)

donleo92:
those guys in cbn are daft..
there is nothing bad with this policy, but these thing should be done in phases. And more education of these policy to the market women.

I was around oilmill market yesterday, those women were just raining insults on the cbn governor. I feel people should be given time, and appropriate measures should be put in place to educate ppl

CheapHomes1:

What is the benefit of the policy?

Seun:
You think our economic situation can't get worse than it is today? That's what many people thought at the end of Jonathan's presidency.

GeneralDae:

Too many benefits mehn.

Okoroawusa:
That policy has come to stay. Anyone that doesn't like it can relocate to India

joyousever:
The sweetest part of this policy is that, it has come to frustrate the kidnapping industry which is being sponsored by the power brokers kicking and frowning against it .Duh

GeneralDae:

Our economic situation is in a better direction now than where Jonathan left it in 2015.
Then 27 states needed bailout for salaries because they were bankrupt.

CheapHomes1:

If they are, how come you can't answer the question...What is the benefit of the policy?

GeneralDae:

Exactly. This policy is just great, Nigerians do better when they are forced or put under pressure. If we take the bull by the horn now, then Nigerians in the rural areas would adjust.