Obinna Chima, Editor, THISDAY Saturday
EDGY OPTIMIST BY Obinna Chima
Nigeria’s transition to a cash-less economy has been one of the country’s most remarkable financial success stories. From cash reduction, ease of payment, financial inclusion, improving the effectiveness of monetary policy in managing inflation, supporting economic growth, convenience, efficiency, among several others, the benefits of a cash-less society far outweigh its demerits.
That is why as part of efforts to sustain its gains, successive leadership of the Central Bank of Nigeria (CBN) have made efforts to ensure that policies around Nigeria’s payment system vision remain formidable.
Today, electronic transfers remain the preferred means of payment for millions of Nigerians when they go into supermarkets, restaurants, hospitals, pharmacies, filling stations and when they deal with artisans.
