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CBN takes cashless campaign to Abuja Market

By on November 29, 2013

The Central Bank of Nigeria (CBN) has taken its cash-less sensitization campaign to Wuse ultra-modern Market, Abuja. The campaign was given a big boost with the presence of Charly Boy and his crew of tricycle riders displaying to the admiration of the traders.

Speaking at the occasion, the CBN Deputy Governor, Operations, Mr. Tunde Lemo told the crowd that the various alternative modes of payment remain the smart way to go in modern business transactions instead of cash payment.

He told the enthusiastic Wuse market traders that the CBN had gone ahead to allay the fears of Nigerians over the safety of the electronic cards by further fortifying the security features of the debit cards.

He cited the example of the popularity of the use of alternative payment channels in places like Kenya and Uganda, and expressed hope that Nigeria will do better that these countries in the near future.

Also speaking, Charly Boy encouraged the traders to key into the CBN cash-less policy, because he had seen that it will help to transform the Nigerian economy and develop the country.

Responding, the Wuse Market Shop Operators and Traders’ Cooperative Society, Abuja admitted that the benefits of the cash-less policy were such that they could not be over emphasized. They noted that it will help to alleviate the problems and challenges associated with carrying huge sums of cash from one point to another.

The traders and the huge crowd were entertained by the Charly Boy dancers and comedians who dished out various rib-cracking jokes and various dancing steps.