Central Bank of Nigeria (CBN) Advices Civil Servants To Embrace Cashless Policy A foresights of Globasure Techs. Mission.
Civil servants in Ogun State have been advised to embrace the cashless policy introduced by the Central Bank of Nigeria (CBN) as it is capable of reducing the risk of cash-related crimes, making transactions more convenient and enhancing access to banking services.
Permanent Secretary, Ministry of Finance in the State, Mrs. Ajibola Chokor gave the advise at a one-day programme in Abeokuta, to sensitize workers on the policy expected to become fully operational in the state next month.
She recalled that due to its inherent advantages, the state government had since August 2012 introduced the policy for payment in some of its agencies including hospitals and tertiary institutions, adding that it had helped tremendously in tracking revenue generated
“The programme which was introduced to all the state tertiary institutions, hospitals, forest reserves etc has helped increase tax collection, greater financial inclusion, increased economic development and generally assisted in developing the educational sector and infrastructural development” Chokor noted.
She explained that the state government had since January 2013 also directed all its Ministries, Departments and Agencies to go cashless so as to reduce physical contact with cash, ensure monetary and price stability and ultimately help shore up its Internally Generated Revenue.
Earlier in his address, the CBN official in charge of the policy in the state, Mr. Eme Eleonu said it would go a long way in enhancing the development and modernization of the country’s payment system in line with the vision 202020.
Eleonu explained further that the policy would also improve the effectiveness of monetary policy in managing inflation and driving economic growth as well as reduce security and safety risk.
This was in line with the mission of Globasure Technologies Limited in ensuring a very formidable background in creating access to end-to-end payment solution with added services to satisfy customers needs.
For more informations on the possibilities of making and emerging a cash-less Nigeria and improve financial security turn around at your door steps,