Quote from: Coyster on Today at 12:38:45 PM

Quote from: Marykeller on Today at 11:21:25 AM

As CBN wan limit daily and weekly withdraw of peoples funds, make them know forget the high increase of goods and service for the country. At least when person do his or her daily withdrawal of 20k em go do am for em household.

There is only limit on withdrawal, not on mobile banking transfer or direct payment through a PoS machine, so like i said for my earlier post on this matter, wetin go happen now be say, with this development most businesses (both large, medium and small scale) would start accepting payments through online transfers and would also ensure they have their own personal PoS machines for direct payment, thus even if you no get cash you go still buy wetin you wan buy. You go just use the little cash you are afforded to buy things from small traders (for example, things like tomato and pepper), then when you want to make other more expensive purchases, you basically make a transfer to them, or pay them through their personal payment PoS. This policy no go affect in this way as you talk am.

Having said that, e no mean say i am in support of this new policy as i don already talk put for the matter, you fit check am for here, na there i don explain how this policy go affect Nigerians and how e no really get too much advantage if you check am critically.

If businesses (small, medium, and large scale) start to accept transfer as our govment take talk am wetting go happen to our aged parents way day do business for our local markets. How dem wan take know when them done receive alert? assuming say person dey way go confirm am for them e mean say na de same person go dey do transfer for them when them wan buy more goods or pay for something wey day above 20k. I no wan talk about dey ones why no go school way till today them no sabi use smart phone hey be say wetin dem dey do na if them one check something for their phone them go call person make them help them. Those way go need help to do their transactions from other people go dey exposed to scam wella. This policy no gel, even if them go implement am at least make e be after them done hold better seminar way go educate this aged and illiterate ones on how to face the new policy.