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Nairaland Forum / Nairaland / General / Business / Cashless Policy Will Only Affect 10% Of Nigerians (20485 Views)
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Re: Cashless Policy Will Only Affect 10% Of Nigerians by BetterPoison: 7:42am On Sep 21, 2019 |
It will affect 10% directly and 90%indirectly |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by ekestic1976(f): 7:42am On Sep 21, 2019 |
sureheaven: |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by vibre: 7:42am On Sep 21, 2019 |
And I'm part of the 10% |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by F117nighthawk: 7:43am On Sep 21, 2019 |
Useless talk,when u know nigerians are docile and gullible, u know u can always implement any useless policy to them,a society that is divided along tribal, religious and ethnic sentiments, this is what u get,they will only grumble,shout and make noise,they no fit fight,protest to force the government down to its knees to reverse policy |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by ZorGBUooeh: 7:43am On Sep 21, 2019 |
Rubbish Nigeria is not ready yet .it will work effectively in a society filled with educated pipu |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by hush15: 7:43am On Sep 21, 2019 |
aaronson: That is not true. Filling stations and businesses generally would suffer.... |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Oharina(m): 7:43am On Sep 21, 2019 |
cenaman:Buhari ajoka, APC ajoka, CBN ajoka, Naira jokaziri. |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by sureheaven(m): 7:45am On Sep 21, 2019 |
Funny thing is all the transactions carried out by those criticizing the government when they travel out of Nigeria is done by this same cashless policy. Atiku in Dubai, Reno omokri in US, Nnamdi kanu in UK, mention them, they use the cashless policy. One good reason Nigeria isn't moving forward is there are lots saboteurs. All they do is pull down the effort of the government, twist everything and make sure they mislead the populace. 1 Like |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Dave0116(m): 7:46am On Sep 21, 2019 |
sureheaven:what's the maximum daily withdrawal on ATM in Nigeria? Is it up to $400 Why must we be looking for ways to loot the people dry, when there's no evidence for the money? NIGERIA DON'T DESERVE MY DIME in any form be it tax or any form because In the end they use it to send their kid abroad and buy cars of N5.5b. Let's not forget they charge N65 for transactions on other banks ATM after 3 transaction and all of this robbery is directed to the federal government, VAT same thing... 2 Likes |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by cenaman(m): 7:46am On Sep 21, 2019 |
Legitn:They are space booker. |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by ArticleBeast: 7:47am On Sep 21, 2019 |
mrvitalis:Na Una sabi o... Here for Rwanda we dey live quality life. If Buhari like make e dey auction Una sabi |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Nobody: 7:48am On Sep 21, 2019 |
Mr CBN governor be more creative than this, you are a technocrat for crying out loud,in America/western nations their reserve/central bank charge 0% to banks on loans, and offer high rates of interest to customers keeping money with the bank, this automatically ensures funds are properly utilised as more people will save their money in the bank. what you are doing by taxing people higher is looking for a simple solution...think, do your work. 2 Likes |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by sureheaven(m): 7:48am On Sep 21, 2019 |
what's the maximum daily withdrawal on ATM in Nigeria? Is it up to $400 Why must we be looking for ways to loot the people dry, when there's no evidence for the money? NIGERIA DON'T DESERVE MY DIME in any form be it tax or any form because In the end they use it to send their kid abroad and buy cars of N5.5b. Let's not forget they charge N65 for transactions on other banks ATM after 3 transaction and all of this robbery is directed to the federal government, VAT same thing... The maximum withdrawal on ATM in Nigeria is more than $400. I don't wanna argue with fools who believe a retired major general has no certificate. |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by professorMD1: 7:49am On Sep 21, 2019 |
I see this policy as another fight to steal for the rich and give to the masses |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by islandmoon: 7:49am On Sep 21, 2019 |
all we are saying is implement it in Fulani territories also, you can not collect tax from us alone , herdsmen are the one burying cash in the bush , educate them, they are dragging the nation backward, cattlemen are controlling billions of naira in cash transactions, find a way to tax them 1 Like |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by xtivin(m): 7:49am On Sep 21, 2019 |
sureheaven:Well, you've used the US as a case study, you also forgot their inflation rate is 1.7% while ours is 12.09%. You cant compare US and Nigeria on any Economic Policy pls. In the US,they have all the mechanisms in proper control and most populace a digitally literate. now, you expect a typical Business Man or Woman to spend extra 5% to buy goods worth 500k?. This policy is good but our economy is not ready for it now. |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Nobody: 7:51am On Sep 21, 2019 |
In simple terms. They want to discourage epayments on business trxn instead of physical cash payment.For example,if I sell my car for #600k,the buyer should credit my account instead of giving me the cash.But if I insist in the cash,then I should be ready to pay #2,000(2% of excess #100k)when ever I wanna deposit the money in my acct. 4 Likes |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by nestkojex(m): 7:52am On Sep 21, 2019 |
The parliament should allow this man do his job. Na wa for Nigeria o |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Nobody: 7:54am On Sep 21, 2019 |
1 Like
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Re: Cashless Policy Will Only Affect 10% Of Nigerians by islandmoon: 7:56am On Sep 21, 2019 |
professorMD1:to steal from south and share in the North where it's not implemented 1 Like |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by gcof(m): 7:57am On Sep 21, 2019 |
Dave0116:why I laugh when people go on and on about saving money by the FG, I keep asking what has been done with any saved money |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by sureheaven(m): 7:58am On Sep 21, 2019 |
Well, you've used the US as a case study, you also forgot their inflation rate is 1.7% while ours is 12.09%. You cant compare US and Nigeria on any Economic Policy pls. In the US,they have all the mechanisms in proper control and most populace a digitally literate. now, you expect a typical Business Man or Woman to spend extra 5% to buy goods worth 500k?. This policy is good but our economy is not ready for it now. You know nothing about the cashless policy and you are here foaming like black soap. I live in US and in Nigeria. Cbn said you will only pay charges on deposit above #500k not the whole 500k. It's simple, if you are depositing 550k, you will only be charged on the extra 50k not all the 550k. 2 Likes |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Nobody: 7:58am On Sep 21, 2019 |
Jestin: I bet you, it will happen the day Biafra becomes a sovereign state. |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by alezzy13: 8:01am On Sep 21, 2019 |
hush15: Then they should go cashless. If you can amass 500k DAILY ie over 10million monthly but cant invest in something as simple as mobile transfer, then something is wrong |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by alezzy13: 8:05am On Sep 21, 2019 |
xtivin: Not really a fan of this govt,but let's be logical here. How many of such 'typical' businessmen make such amount a day? |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by alezzy13: 8:06am On Sep 21, 2019 |
sureheaven: Bless you jare. |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by BonkoINC: 8:06am On Sep 21, 2019 |
I guess many of you don’t even understand this whole Thing .. Now look tat the photo below. 2 Likes 1 Share
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Re: Cashless Policy Will Only Affect 10% Of Nigerians by hisgrace090: 8:08am On Sep 21, 2019 |
aaronson: So the first they'll make 500.000naira bank will deduct almost 20.00naira from ehh? |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Legitn(m): 8:08am On Sep 21, 2019 |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by wink2015(m): 8:10am On Sep 21, 2019 |
Highlights1: This Policy is targeting southern companies and businesses/individuals who will now pay the bulk of these taxes to the federal government while their area remain under-developed. The north in their traditional "We are so poor philosopy" will only pay just a little of the targeted taxes. Why is the north not forcing their people to invest heavily in Agriculture so that they can heavily be taxed? President Buhari is targeting the Niger delta region, the heavy business states of Lagos, and South Eastern Nigeria to get money to run the federal government. Is it not high time northern states also contribute in the baking of the so called national cake? After southern states in Nigeria have paid these taxes they will share it to their over bloated local government in the north and their numerous big men of northern extraction occupying federal positions in government in Nigeria. 1 Like |
Re: Cashless Policy Will Only Affect 10% Of Nigerians by Subduer: 8:14am On Sep 21, 2019 |
islandmoon:Fulani Cattle market is strictly by cash. |
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