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No Going Back On Cashless Policy, Says CBN Governor

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Governor of the Central Bank of Nigeria, Godwin Emefiele, has ruled the possibility of reversing the ongoing implementation of cashless policy.

Emefiele made the declaration on Thursday after a visit to President Muhammadu Buhari in his country home in Daura, Katsina State.

Reacting to dissenting voices from the National Assembly and the public over the cash withdrawal policy, the CBN governor told journalists that the limitation was not intended to hurt anyone.

He underpinned that it was instead designed to strengthen the nation’s economy, as he assured that there will be no rigidity on the policy and no reversal.

He again appealed to Nigerians to embrace the policy as the apex bank monitors the situation to allay any hardships.

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