

The Central Bank of Nigeria has put in place modalities to introduce the cashless policy 30 states of the federation having completed phases 1 and 2 of the policy in six pilot states- Abia, Anambra, Lagos, Ogun, Kano, Rivers- and the Federal Capital Territory (FCT).
The CBN, in a notice by its Corporate Affairs Department to all stakeholders and the general public, said Phase 3 of the policy’s implementation would commence in the remaining 30 States of the Federation on July 1 as scheduled.
The apex bank also said it has mapped out modalities to ensure the cashless policy succeeds in other parts of the state as it did in the pilot states.