|
Getting your Trinity Audio player ready...
|
By Celestine Ihejirika, Jalingo
The Central Bank of Nigeria (CBN) has urged market traders in Taraba State to use advantage of one week extension offer by the apex bank to dispense old Naira notes of N200, N500 and N1000 denomination in their possession on or before the approved deadline of February 17, 2023.
CBN representative and Director, Financial System Strategies (FSS), Ibrahim Hassan who led the delegation to the state told cattle traders in Iware market, one of the largest in the north-east region, to hurry up and make good use of the extension provided by the CBN to beat the deadline.
Addressing district heads and market leaders, Hassan said they were in the state to monitor and supervise the policy implementation of the program, pointing out that the essence of the ongoing sensitization exercise was to expose the business community on other alternative means of meeting up with the deadline through opening of accounts, depositing old naira notes, making cashless transactions among several other benefits. “We have a financial inclusion target of making sure that the majority of Nigerians have access to formal financial services considering the larger population of Nigerians. this is the strength we need to leverage on,” Hassan said.
He noted that visit to Iware cattle market was a deliberate attempt by CBN for sensitization and discourage the use of cash transaction in the ongoing exercise.
The CBN representative who addressed the crowd in Hausa, reminded on the need to make the process easier through cashless transaction as well as impact the knowledge acquired during enlightenment programme to better their lots.
Speaking with journalists shortly after the programme, Hassan said he was delighted by the response of the traders especially now that the deadline was almost at hand.
