The Bankers Committee of Nigeria, which comprises the Central Bank of Nigeria (CBN) and the commercial banks has commence an enlightenment campaign on the implementation of cashless policy across major markets in Kano state.
The committee accompanied by the commercial banks operating in the state visited Singer market and engage the marketers, thereby calling on them to accept and embrace the cashless policy which is the future.
Speaking during the program, representative of the Financial Literacy on Public Enlightenment, Ibrahim Mujitapha, said the intention is to create awareness on alternate payment options as part of the CBN Naira redesign and cashless policy in the country.
He said the CBN have several alternatives to dealing with transaction and payment unlike using cash, adding that the decision become necessary to go market-by-market for people to be aware of these alternate processes and utilize them.
“We are going round markets in Kano to ensure they get used to the alternate transaction processes to ease the difficulties associated with payment or transactions.”
Speaking on the network failures associated with the system, Mujitapha said they are working tirelessly along with the commercial banks to resolve the issues and ensure a hitch free transactions for the general public.
On his part, a Kannywood and Nollywood actor, who serves as ambassador to the program said it high time that Nigerians embrace the cashless policy in order to have a cashless society that will witness rapid transformation in the banking sector.
He urged the general public, especially the marketers to accept the new policy so that they will make progress in their businesses.
Some of the alternate transaction processes are the e-Naira, transfer, mobile banking and so on.
Several commercial banks were ate the enlightenment campaign and have rendered free services to the marketers which include account opening, complaints and so on.