A case of putting the cart before the horse

The Central Bank of Nigeria (CBN) started its Cash-less Nigeria Project in 2012 with a pilot phase in Lagos State before extending it to other states of the federation. Seven years later, the apex bank is still making adjustments to the project.

Unlike the apex bank’s move to gradually reduce the volume of cash in circulation, the attempt by Dr Isa Pantami, Minister of communications and digital economy, to make the Nigerian Postal Service (NIPOST) go cashless can be likened to putting the cart before the horse.

In November, Dr Pantami, in a press release credited to his spokesperson, Uwa Suleiman, directed the Postmaster General to suspend cash-based transactions in all NIPOST establishments with immediate effect.

The NIPOST boss is also expected to ensure that all its offices revert…

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