The Electronic Payment Providers Association of Nigeria (E-PPAN) has urged the Federal Government to enforce the cashless policy in the 36 states of the federation.
The association ‘s Executive Secretary, Mrs Regha Onajite, told the News Agency of Nigeria in Lagos that the government had stalled the full implementation of the policy in the 36 states.
She said that six states are now paying cash handling charges for going above limits while the rest of the 30 were free, saying the infrastructure on the ground carry the current volume of business transactions
``There is nothing as strategic as a government bringing out a policy that affects the adoption of electronic payment.
``So, what I can advise is that the government should monitor and enforce the implementations of that policy.
``For the cashless policy, we find that the government have stalled its full implementation in the 36 states of Nigeria.
``So, six states of the federation are paying cash handling charges for going above daily limits while the remaining 30 state are free.
``It should be implemented in the 36 states. The infrastructure we have on ground can carry it.
``And it will encourage further investment by the private sector, so the government should influence or implement cashless Nigeria in total in the 36 states.’’
According to her, with e-payment being effectively used across the country, incidents of money laundering will abate in addition to promoting transparency and accountability.