CAUTION; cashless policy investments

CAUTION; cashless policy investments!!!

The Central Bank of Nigeria would take delivery of new Naira notes before the end of September for circulation, the cost which is put at 250 billion Naira. Dr Tunde Lemo,the deputy governor of the CBN confirms this in an interview with journalists. what however cut my fansy here is the cost of producing the new notes. in a country where much is desired in infrastructure, you can not help but wonder whatever happens to the cashless policy and why does the country have to cough out that much to print its currency.

Some months ago, the apex bank had made a lot of publicity about the cashless policy it is willing to pursue, and the rarity of the nation of investment in the sector that is alien to the Nigerian market but will certainly guarantee high yield return on investment for the investor in the infrastructure that will facilitate the cashless policy.

A lot of investors, Nigerians and non-Nigerians alike, took the bate, and now we have POS centres scattered along the nooks and cranny of the country, however, if the country continues to shun out new currency, then there is a question mark on the long term viability of the business in the cashless policy investment niche.

I understand that some folks have invested in rendering services to facilitate the cashless policy, does it means that you should back out? NO!!!  HELL NO!!!

I simply want to make you understand the possibility, that your venture might only be for a short term, therefore it will be wise to take caution in adding more funds to the venture. For those who are yet to invest in it, be warned!!!!!!

It will cause no harm at all if you apply caution and observe the indexes before you plore your hard earned money  a venture that will last only a while.

The apex bank had earlier said that new naira notes would be in circulation by June, and that the smaller denomination notes (N5, N10, N20, and N50) would be reprinted on paper. Dr Lemo says that the public would get a LARGE QUANTITY OF NEW NOTES to replace the old and mutilated notes, particularly the higher denomination notes in the first instance, then later the lower denominations.

                 ... LARGE QUANTITY OF NEW NOTES!!!

to boost the cashless policy???

caution is the word people, caution!!!

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