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What is Impact of Nigeria about?

The Cash-less Nigeria policy, initiated by the Central Bank of Nigeria in 2012, aims to reduce cash circulation and promote digital payment methods to enhance efficiency, security, and financial inclusion. By imposing withdrawal limits and extra charges on large cash transactions, the policy encourages the use of electronic payments while addressing security risks and operational costs associated with physical cash. Overall, the policy has significantly impacted Nigeria

Author

shebackjessie11

Language

EN