Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
Thompson Nsisongabasi
Jul 03, 2025
Bring Back Cashless Policy, Naira Will Increase Value - Yul Edochie Begs Tinubu
READ ALSO: How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
Nollywood actor, Yul Edochie has appealed to President Bola Tinubu to revive the cashless policy introduced by former President, Muhammadu Buhari.
READ ALSO: Anxiety As Anambra Monarchs Undergo Tests Over COVID-19 Scare
In a post shared on Instagram, the filmmaker explained that the policy had a positive impact on the nation's economy during its initial rollout.
READ ALSO: Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
He said it strengthened the naira and brought down the prices of goods.
According to him, lower denomination notes like 5, 10, 20, and 50 began to hold value again when the policy was in place.
READ ALSO: 7 Online Money Traps Young Nigerians Are Falling Into
The actor also stated that the cashless system played a major role in reducing kidnapping across the country, as it limited access to physical cash by criminals.
READ ALSO: Business Registration To Now Take 30-Minutes As CAC Launches AI-Powered Portal
Edochie urged the President to consider bringing back the policy for the benefit of the nation.
READ ALSO: 2023: 'I am against zoning Presidency to the North' - Ndume reveals why
"To my leader, President Bola Ahmed Tinubu, GCFR @officialasiwajubat, 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.
READ ALSO: BREAKING: Senate Approves N74.78Billion 2021 NPTF Budget
"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,ÔÇØ he wrote.
Related Stories
Nigeria's Economy Set to Grow 4.7% in 2026 - Edun Projects Job-Rich, Investment-Led Growth
Pastra Arinze Etie Explains How Governor Otti is Ending Revenue Leakages in Abia State
How Trump's Threat Triggered N2.8 Trillion Stock Market Crash In Nigeria - Investors Panic As Confidence Plummets
How CBN's New Policy Will Force Banks To Instantly Refund Failed ATM Transactions
7 Online Money Traps Young Nigerians Are Falling Into
Business Registration To Now Take 30-Minutes As CAC Launches AI-Powered Portal
""
— Thompson Nsisongabasi