Friday, July 4, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE

No going back on cash withdrawal limit policy – Emefiele

Adesina .O (Teekay) by Adesina .O (Teekay)
December 8, 2022
in National
Reading Time: 2 mins read
0 0
A A
0
Godwin Emefiele

CBN Governor Godwin Emefiele

Share on FacebookShare on Twitter

The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, has said there is no going back on the new cash withdrawal limit policy slated for take-off on January 9, 2023.

Emefiele, who stated this to State House Correspondents in Daura, Katsina State after a meeting with President Muhammadu Buhari, also said the policy is not targeted at any particular person but aimed at developing the economy.

He, however, hinted necessary reviews of the details of the policy would be carried out after implementation.

Responding to questions from Correspondents after his meeting with the President, Emefiele said: “Well, the Senate of the Federal Republic is National Assembly, they are legislative arm of the government and from time to time we brief them about what is happening and about our policies and I’m aware that they have asked for some briefings and we will brief them but I think it’s important for me to say that the cashless policy started in 2012.

READ ALSO

Senator Natasha guilty of contempt, must pay N5 million fine, apologise: court rules

Abducted Bayelsa judge regains freedom

SDP chairman dies in Kaduna auto crash

Buhari’s govt far better than Tinubu’s own— Amaechi

“Almost three to four occasions we have had to step down the policy because we felt that there is a need for us to prepare ourselves and deepen our payment system infrastructure in Nigeria. Between 2012 and now 2022, almost about 10 years, we believe that a lot of electronic channels have been put in place that will aid people in conducting banking and financial service transactions in Nigeria.

“We heard about people talk about some of the people in the rural areas and the truth is that even online banking, as I was coming out to Daura, I saw a kiosk that has super agent today. It’s because of the way we felt that there was a need for us to deepen the payment system infrastructure.

“We have 1.4 million super agents that are all over different parts of the country, all local governments, and all villages in this country and I have told my colleagues, some of their names are already on the CBN website and we will publish all the names of all the super agents and having super agent, which is different from the banks, which is different from microfinance banks, which is different from other financial institutions.

“Having 1.4 million of them is as good as having 1.4 million banking points where people can conduct services and we think, Nigeria as a big country, the biggest economy in Africa, that we need to leapfrog into the cashless economy.”

POPULAR TODAY

    • All
    • National
    • Local News
    • Politics
    • World News
    • Sports
    • XTRA

    BREAKING: Court slams senate, orders immediate recall of suspended Natasha Akpoti

    July 4, 2025

    Datti Baba-Ahmed says Tinubu is a phenomenon, advises the coalition on how to defeat him

    July 3, 2025

    NNPP chieftain backs ADC-led coalition, says Nigerians must resist dictatorship

    July 4, 2025
    INEC logo

    INEC flags off voter registration for Anambra guber poll, warns against vote-buying

    July 4, 2025
    Source: The Nation

    Discussion about this post

    ADVERTISEMENT

    LATEST

    Bauchi man kills father during argument

    July 4, 2025

    UK authorities charge ex Arsenal player, Partey, with rape

    July 4, 2025

    Senator Natasha guilty of contempt, must pay N5 million fine, apologise: court rules

    July 4, 2025

    BREAKING: Court slams senate, orders immediate recall of suspended Natasha Akpoti

    July 4, 2025

    Abducted Bayelsa judge regains freedom

    July 4, 2025

    NDLEA arrests Delta suspect with N200m cannabis in Lagos

    July 4, 2025
    Load More
    NEWS PICKS — WITHIN NIGERIA

    WITHIN NIGERIA MEDIA LTD.

    NEWS, MULTI MEDIA

    WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

    Follow us on social media:

    CORPORATE LINKS

    • About
    • Contacts
    • Report a story
    • Advertisement
    • Content Policy
    • Privacy Policy
    • Terms
     
    • Fact-Checking Policy
    • Ethics Policy
    • Corrections Policy
    • REPORT A STORY
    • PRIVACY
    • CONTACT US

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    No Result
    View All Result
    • HOME
    • FEATURES
    • NEWS PICKS
      • BREAKING
      • National
      • Local News
      • Politics
      • Diaspora
      • Business
      • Education
      • Sports
      • World News
        • Africa
        • U.S
        • Asia
        • Europe
      • XTRA
    • ENTERTAINMENT
    • MORE
      • GIST
      • ARTICLES
      • VIDEOS

    © 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName