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Coronavirus: CBN Urges Nigerians To Go Cashless

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The Central Bank of has urged Nigerians to tilt towards alternative payment methods like electronic transfer as against cash transactions so as to avoid the spread of the Coronavirus.

Coronavirus: CBN Urges Nigerians To Go Cashless
Coronavirus: Urges Nigerians To Go Cashless

The CBN Director of Corporate Communications, Mr , gave the advice in an interview with the News Agency of Nigeria (NAN) in Lagos on Tuesday.

He stated that one of the ways people could contract the disease was by touching an infected surface or object and then touching one’s mouth, nose or sensitive body parts. In view of this, he said, it was safer for Nigerians to adopt alternative payment methods such as electronic transfers, internet banking, USSD transfers, use of mobile banking apps, etc, to avoid contracting or spreading the disease.

Coronavirus: CBN Urges Nigerians To Go Cashless
CBN Director of Corporate Communications, Isaac Okoroafor

Okoroafor further noted that these alternative payment methods came with benefits, were well developed and worked well.

He said:

 Its efficiency has minimised liquidity, settlement, systemic credit and operational risks which were inherent in financial transactions. It is secured, reliable, accessible, prompt and cost effective to meet all users’ needs. Nigerians should use it.

He added that the Naira note is one surface that different people come in contact with on daily basis, and advised that it would also be wise for users to wash hands after handling money, before touching food. This is particularly important for people, who constantly handle food to be eaten by others.

The CBN’s spokesperson reiterated the need for Nigerians to handle the Naira with care and pride, describing it as a symbol of our identity and value. He warned Nigerians against stepping on, squeezing, defacing or staining the naira notes. Okoroafor also warned that it should not be sold or counterfeited.

 

Adelowo Adegboyega
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