GOY HARPS ON IMPORTANCE OF CASH-LESS POLICY

Honourable Gbolahan Olusegun Yishawu, member representing Eti-Osa constituency 02 in the Lagos State House of Assembly, has reiterated the need for all Nigerians to embrace the cash-less policy recently introduced by the Central Bank of Nigeria (CBN).
Hon. Yishawu stated this while delivering a keynote address as the special Guest of Honour at the CBN/Nigeria Computer Society (NCS) Forum on Cash-less Policy Security Issues, held at the Education Resources Center, Babs Fafunwa Complex, Ojodu Grammar School in Lagos.
While pointing out that the cash-less economy is the way to go, the Legislator explained that the policy has a lot of positive attributes attached to it. He noted however that the cash-less policy will not eliminate collecting money from the bank, but that the CBN has only introduced the policy  in order to regulate the amount of cash being moved around  on daily basis
Giving other reasons aside the CBN’s reason for introducing the measure, Hon. Yishawu added that the introduction of the policy will reduce the high risk of using cash: lost to robbery, fire, flood and other natural disaster.
“The measure will reduce the act of corruption, because nobody will want to collect cheque for bribery, it will also help business, and get more businesses  online. We can’t go wrong with digital. One of the things that drives improvement  in the economy is information Technology; it has started from e-payment and other platforms. So we all must embrace it. Since Lagos is the Business hub of the country and the West African region, with a large percentage  of business in the region done in Lagos, it is proper for  the pilot project to start here, so we all must support the cash-less policy”. He added.