Abuja – A Coalition of Civil Society Groups ( CCSG ) has called on Nigerians to support the cashless policy on deposits by the Central Bank of Nigeria ( CBN ) saying it would turn around the nation’s economy.
The group disclosed this on Saturday in Abuja in a press statement jointly signed by the President and Secretary of the coalition, Bassey Etuk William and Abubakar Ibrahim respectively.
The group noted that the policy is capable of reducing unsolicited charges on transactions by the banks and reducing unnecessary burdens on the customer.
The statement said the policy would put an end to the economic saboteurs and as well reduce the overhead cost of currency production.
According to the statement ” Ever since the inception of electronic transfer, we all realized 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 same time separate legitimate transactions from questionable once, which the electronic transfer will reveal out over time”
CCSG noted that Nigeria would experience a paradigm shift in the tax payment and fight against corruption with the implementation of the policy.
” We cannot keep doing the same thing the same way and we expect the same result, we all must rise to support this policy and serve as change agents that will propagate the good benefits some of which we mentioned here.
” A cashless economy will also curb corruption as well as reduce the expenses incurred in printing and transportation of currency notes across the states. It will also make tax payment easy as we know we have a bad record of paying tax as a nation.
We thus call on all well-meaning Nigerians to support this policy as a means of stopping economic saboteurs and reduce the overhead cost of currency production which the country always goes through ” The statement read.
Recall that many Nigerians have kicked against the policy of the apex bank describing the charges as unnecessary adding that the move would discourage the culture of savings among Nigerians.