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CBN sensitise traders in Calabar on cashless policy, e-Naira

The Central Bank of Nigeria (CBN), in collaboration with the Bankers’ Committee, has carried out an awareness and sensitization campaign on the cashless policy and e-Naira for traders at the popular watt market, Calabar.

NEWS DAIRY reports that the awareness campaign featured a popular Nollywood actor, Imeh Bishop-Umoh, popularly called “Okon Lagos”.Information Guide Nigeria

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Okon Lagos who spoke in the Efik language encouraged the traders to embrace electronic payment to reduce the movement of cash and to make transactions seamless.

The Assistant Director, of Payment System Management, CBN, Mr. Chika Ugwueze who spoke at the campaign said that the CBN initiated the e-Naira platform as an alternative to cash.

Ugwueze said the campaign was meant to sensitize the public on the CBN cashless policy as an alternative to cash usage in Nigeria.

NEWS DAIRY reports that he explained: “The important message to all Nigerians is that the e-Naira is not an alternative to your bank account, but an alternative to cash in your wallet because it offers payment efficiency and improves security.JAMB Result

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“Generally, the e-Naira has helped to deepen the payment options in the market. The CBN has developed different platforms for using e-Naira.

“As long as you have a telephone in Nigeria, you can have access to the e-Naira

“There is no deadline for going cashless; we are just presenting options that will widen payment platforms and make them available for Nigerians,” he said.JAMB Portal

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Also speaking, Mr. Thomas Udie, Relationship Manager, Access Bank, Calabar, noted that Access bank branches in Calabar have no issues with cash disbursement to customers.

The Assistant Banking Officer, Zenith Bank, Calabar, Mrs. Ebere Bassey encouraged the traders to embrace the electronic means of payment and reduce their over-dependence on cash.NYSC Portal

NEWS DAIRY reports that one of the traders at the event, Mrs. Theresa Okon said that although the policy was a good one, they still needed cash for their day-to-day businesses.


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Idongesit Akpa-Ayang

Idongesit is a graduate of Communication Arts, University of Uyo. Currently working as a news reporter at InfoGuide Nigeria.

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