A Coalition of Civil Society Groups has called on Nigerians to support the cashless policy on deposits by the Central Bank of Nigeria, saying it would turn around the nation's economy.

The group disclosed this on Saturday in Abuja through a statement jointly signed by its President and Secretary, Bassey William and Abubakar Ibrahim.                                   

The group noted that the policy would stop economic saboteurs and reduce overhead cost of currency production. 

It said, “Ever since inception of electronic transfer, we all realised that it is more secure, less costly and much faster as we have completed transactions unlike when it was all about moving huge sums of cash around.

“We thus use this medium to call on all well-meaning Nigerians to embrace the policy as a means of encouraging cashless policy needed to drive the economy and separate legitimate transactions from questionable once, which the electronic transfer will reveal over time.”

Recall that many Nigerians have kicked against the policy of the apex bank, describing the charges as unnecessary.

 

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