By Chinwendu Obienyi
The Central Bank of Nigeria (CBN) and Nigeria Inter-Bank Settlement System (NIBSS) have reiterated their commitments towards ensuring that the objectives of the cashless policy in Nigeria are realised.
Speaking at the Electronic Payment Incentive Scheme (EPIS) 2016 Efficiency Awards recently in Lagos, Deputy Governor, Operations Directorate, CBN, Dr. Adebayo Adelabu, noted that having recorded successes since the emergence of the e- payment, the bank was working hard to ensure the aim of the cashless policy is realised.
“The central bank is working to ensure that the aim of the cashless policy is realised and the function of any initiative depends on the amount of preparation that one does before going into execution level.
“We used about six states as pilot states and we have learnt our lessons, made mistakes and corrected them. Before we move into the other 30 states, all learning points would be effected,” he noted.
Adelabu further said, “we believe that with the time spent on preparation, we will not have any challenge when we go nationwide and the cashless policy will be extended to these remaining 30 states from April this year.”
Also speaking at the event, Chief Executive, NIBSS, Mr. Ade Shonubi, said that the role of NIBSS in the system has always been that of infrastructure provider, assuring Nigerians of plans to improve the payment system.
“We would make sure that the backbone works, we would try to scale it up so that as the volume grows, there would be no impact and since we already have an idea of what is going to happen, we are already scaling up. The banks and other stakeholders should do well to sensitise members of the public on the initiative,” he said.
The highlight of the event saw Guaranty Trust Bank Plc carting away the Customer Experience Award, Electronic Payment Platform Experience Award, Cashless Driver Instant Payment and Cashless Driver PoS Issued Cards Transaction.
Zenith Bank won the Cashless Driver Bulk Payment and the Cashless Driver PoS Transaction awards.