Saturday, October 23, 2021

    Cashless policy: Ahmed tasks FG on facilities

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    Babatunde Akinsola
    Babatunde Akinsola is aNaija247news' Southwest editor. He's based in Lagos and writes on the Yoruba Nation political issues, news and investigative reports

    Gov. Abdulfatah Ahmed of Kwara on Monday in Ilorin called on the Federal Government to put in place the necessary facilities which would ensure the success of its cashless policy.

    A statement issued by the governor’s Chief Press Secretary, Abdulwahab Oba, said Ahmed made the appeal when a Central Bank of Nigeria (CBN) team on cashless sensitisation visited him.

    He said the Federal government should make available necessary infrastructure, especially power, while the CBN must evolve critical success factors for the policy.

    Kwara-State-Governor-Alhaji-Abdulfatah-Ahmed1-360x357Ahmed noted that with a cashless economy, corruption would be reduced as movement of cash and the attendant tendencies for corruption would reduce critically.

    The governor also suggested an overhaul of the curricular of Banking and Finance programmes in tertiary institutions so as to meet current exigencies.

    He said his administration had concluded plans to establish an office which would drive inclusive banking in the state with the appointment of a Special Assistant on Inclusive Banking.

    In her address, the Acting Governor of CBN, Dr Sarah Alade, represented by the bank’s Ilorin Branch Controller, Mr Monday Olatewo, said the cashless policy would modernise Nigeria’s payment system.

    She also said it would reduce the cost of banking services and drive financial inclusion.

    Alade assured the governor that implementation of the policy would start in the state on July

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