Lets Discusses About This Recent Cashless Policy In Nigeria
The Central Bank of Nigeria (CBN) in its recently released circular on the implementation of the cashless policy has stated that in addition to already existing charges on cash withdrawal, charges will now apply on Naira cash deposits in some states across the country that is: Lagos, Ogun, Kano, Abia, Anambra, Rivers states and the FCT.
But some people doesn't actually understand the importance of this cashless policy and it is very important to me, you and our country.
And the tax will affect only the transactions that above 500k with 2% respectively.
So, what do you understand by this cashless policy and its importance?
Let's educate our selves....