Nollywood actor, Yul Edochie advocates cashless policy, states its important

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Nigerian actor Yul Edochie has made a public plea to President Bola Ahmed Tinubu, urging him to reintroduce the cashless policy that was previously implemented by the Central Bank of Nigeria (CBN).

Sharing his thoughts via Instagram, Edochie praised the policy for its positive effects on both the nation’s economy and overall security.

He argued that the initiative played a key role in strengthening the naira’s value, noting that by restricting the circulation of physical cash, the system contributed to a drop in kidnapping cases.

He wrote, “To my leader, President Bola Ahmed Tinubu, GCFR Asiwaju Bola Ahmed Tinubu, I humbly suggest you bring back the cashless policy. When it was introduced by the previous administration, it increased the value of the naira tremendously. It helped to bring down prices of goods and it made 5 naira, 10, 20 and 50 naira notes regain value. The cashless policy also helped to reduce kidnapping massively. Consider it again Sir. Thank you, Your Excellency.”

Edochie’s statement has sparked conversation on social media, with many Nigerians discussing the potential advantages and drawbacks of reviving the cashless policy amid the current economic climate.

Here are some of the reactions below;

@emykelz said, “Do you know how many people suffered?”

@ayamaster32 wrote, “No, we are good with the cash at hand policy, it is working for many of us”

@princedanny001 commented, “Them never listen to appointee finish, na lotto ambassador dey go listen to”

@mayor_akins71 said, “Man of the people, we believe you, Tinubu will fix Nigeria for sure”

@wearmufty reacted, “Relax Jagaban will fix it”

@deyoung_king_solomon wrote, “You are very wicked human being for saying that”

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