, 1.4 million PoS operators may lose jobs on the CBN new policy- AMMAN Boss -

1.4 million PoS operators may lose jobs on the CBN new policy- AMMAN Boss

To start with, AMMAN as an association that recognises the effort of CBN in trying to fix the economy, drive down inflation rate, and put in place all necessary policies and mechanisms to ensure stability in the economy, particularly getting to the point of economic recovery, which is a good agenda.

However, this new policy sets us back for certain reasons. Over the past decades, mobile money bank agents across the country have been putting efforts to drive financial inclusion. We have over 1.4 million mobile money and banking agents over the country who make a living in this job.

We as an association have over the years tried to align with the objectives and goals of the CBN in terms of financial inclusion, and I can tell you that many agents across the country have committed decades of their lives to go into those local government areas where banks are not present to serve and deliver financial services.

The efforts of many agents have yielded positive gains for the country. Right now, we have over 60 per cent of Nigerian adults who are already financially included, which was not the case a decade ago.

In the long run, we feel really disturbed by this policy of the Federal Government because the policy would render over 1.4 million Nigerians jobless, inclusive of their dependants and employees. With the support we render to small businesses, I can assure you that if you do a little research by going to the marketplace, you would see clear agents on the impact of money agents across the market. We are doing so well that we have made life very easy and meaningful for Nigerians.

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