The Bankers Committee has appealed to traditional rulers to assist in enlightening their subjects on the cashless policy of the Central Bank of Nigeria (CBN) in their respective communities.
The leader of bankers committee in Kano, who is also a Deputy Director in CBN, Alhaji Muhammad Hamisu, made the appeal on Tuesday when he led officials of the committee on an advocacy visit to the Emir of Kano, Alhaji Aminu Bayero.
Hamisu who presented flyers and pamphlets printed to aid in the ongoing nationwide sensitisation campaign to the monarch, appealed to the royal father to help in enlightening his subjects.
“We are here to pay homage to you and then continue with other places and markets to sensitise them,” he explained.
He said that the new notes became necessary because currency management in Nigeria has faced several challenges that had continued to grow.
“We believe that this exercise will help in increasing financial inclusion, moving towards a more cashless economy, and ensuring greater formalisation of Nigerian.
“We encourage the public to explore other payment channels, such as e-Naira, POS, electronic transfer, USSD, internet and mobile banking,” he added.
Responding, Emir Bayero assured the team that he would pass the message to his subjects and appealed to the apex bank to increase cash in circulation.
The royal father stressed that there was also the need for the apex bank to do more sensitisation in rural communities on the cashless policy, for the benefit of the underprivileged persons.
“Whatever policy we want to introduce must take a gradual process. As traditional rulers that is our concern. You should keep on sensitising the people on this cashless policy,” he said.
Bayero who urged them to meet and discuss with market leaders on the way forward, called Telecommunication companies and other service providers to improve on their network service to ease the suffering of Nigerians.
