Kano - The Governor of the Central Bank of Nigeria (CBN), Sanusi Lamido
Sanusi, has advised businessmen and women in Kano State to bear with the new
cashless policy in order to ensure its success.
Lamido made the remark at the closing ceremony of the 34th
Kano International Trade Fair in Kano.
He said the policy was meant to enhance economic activities in the
According to him, the new policy will not only improve efficiency of
Nigeria’s payment system but will also contribute to the country’s
economic and social development.
“Even though any policy has its own challenges but this policy is meant to
modernise the country’s payment system.
“It is also important to note that this policy intends to eliminate the old
system of carrying huge physical cash for payment in Nigeria.”
He commended the organisers of the fair for their foresight, saying the fair
would go a long way in boosting socio-economic activities in the state.
Earlier, the President of the Kano Chamber of Commerce, Industry, Mines and
Agriculture (KACCIMA), Umar Dansuleka, described this year’s trade fair as the
best in the past 20 years.
He commended Kano State Government and the CBN for their support
toward the success of the fair.
NAN reports that Sokoto State was awarded the best exhibitor and best stands
awards while NEXIM Bank and First Bank of Nigeria PLC were given the sponsors
of the year award.