Why not negotiate a more sustainable price cap

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.

Naira go dey valuable that's all that matters

Criminals

okoo

lampi:
Because ure poor

Hmm. So rich people carry cash around?

okoo

Nice policy

I am speechless over this matter....

They will accept ooo this time buhari is mean this time

It's will affect them not the poor people living in rural area. It's very difficult to end corruption in this country because rich people will not allow any policy that didn't favour them.

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

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

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

have you ever seen them fighting over what will benefit you and I

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?

he can reverse after election.your point have been noted.

CBN should stay their ground, the governors cares about no one except their pocket.

Best way to put a check on government contact bride and vote buying.

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?

Agbado and Tinubu supporter spotted

God punish the Governors. The Conservative gluttons. They're not unlike the Funnel - they're never filled up.

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

Leave them ooo, they think the rich won't get the cash they need at anytime, na only the middle class(if we still have) and the lower class this demonic policy go affect.
I run a POS business, I'm already considering how to increase charges, how many people will be able to afford the new charges comfortably?
Even without this crazy policy, Dec is usually a tough time for POS business as you find it difficult getting fund from banks couple with network downtime

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.

So, you understand how economy, works, more than CBN, bah? Please, humbly respect yourself, and go mute,,ok?

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 are they doing it for your benefit? People that hoard palliative during covid can never tell me the they have the masses at heart?

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 am yet to see how this will benefit the common man

Ogbuefi2020:

Of course, Tinubu sponsored the governors because it will hurt vote buying. Connect the dots, why redesign the naira before the withdrawal limit at the eve of the election?

Thank you

These people are after their own pocket. When last did you see the political class champion a pro-people policy. See how they sound very desperate

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

has anytime the governors ever done something out of selfless interest for the masses?

Obviously they are doing it out of selfish interests.

Cock and bull stories.

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

Why do you need to be withdrawing several 100k cash when u can do transfer without limit?

If govs are not hoarding and mis-using cash, ther won't be any reason for the policy oo.

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/

Well done there, nor b only rural dwellers, pretending to love and fight for the citizenry’s but actually fighting for their selfish selves. Trust politicians especially Nigerian politicians at your own peril

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?

Any policy that affects the governors is good for the country brother, governors are the problem of Nigeria, know this and know peace

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?

Exactly. You don't know anything. I'm not surprised though that this is the kind of story that the Nation will carry. Bunch of Hypocrites.

We are witnessing galloping inflation and the CBN is finding it hard to control this because 80% of money is outside the banking system.

All these APC governors are crying foul because it's going to make it very difficult for them to prosecute their vote buying machinations. They want to send a delegation to the President to reverse the one policy that is actually geared towards saving the people from back breaking inflation. It's now they are claiming that they are fighting for the people. The POS operators can still operate in this clime and make money helping with deposits and transfers.

Let all those people stockpiling money in their houses bring out the money!!!

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

Poor masses

Till after election let it stay till 2024

jkpbestseries:

Poor masses

how does it affect the poor masses let us know ?

another1:

But at least let it stand till after election.

Onatisi, the chief economist of Nigeria. Na you know economic policy pass for Nigeria; you know pass all CBN hierarchy. Do you know the number of persons (economists, bankers, policy makers, accountants, data analyst etc) that sat down to discuss it out, before implantation.

How many renowned economists, bankers, policy makers, etc have come out openly to criticize this policy.