The Nigerian Naira Redesign Series: Effectiveness of the CBN Cash Swap Initiative for Rural Areas
January 30, 2023
Gloria / Inclusion for all / Trade & the economy
We are concerned about the effectiveness of the CBN Cash Swap initiative due to factors such as the uneven distribution and coverage of agent networks particularly in rural areas.
In Episode 7 of the Naira Redesign Series on Inclusion for All Radio, our podcast host @chinasa.collins is joined by Victor Olojo (social media handle) – President, Association of Mobile Money and Bank Agents in Nigeria (AMMBAN) to discuss the effectiveness of the CBN Cash Swap initiative for rural areas.
Mr. Olojo expresses his opinions passionately on the difficulties faced in obtaining the new Naira notes in rural areas, the limited timeframe, and the lack of sufficient measures to ensure a successful implementation of the cash swap initiative.