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Tuesday, May 01, 2012

CBN, BusinessWorld host Cash-Less Lagos Fair

Plans to host a successful three-day Cash-Less Lagos Fair have been advanced by the organizers, the Central Bank of Nigeria (CBN) and BusinessWorld newspaper.
Speaking on behalf of the two host organisstion, the Deputy Editor, BusinessWorld Newspaper, Mr. Abimbola Tooki said that the 3-day Cash-Less Lagos Fair at LTV Event Centre, Agidingbi, Lagos May 9-11, 2012.
He also said that the fair which theme is on ‘Bringing Hands-on Experience of Alternative Payment Options to Consumers,’ would afford banks, card companies, telecom companies, and other providers of alternative payment options a great opportunity to interact with consumers.
He explained that highlights of the fair would include keynote speech by the Mallam Lamido Sanusi, governor of the Central Bank of Nigeria, presentations by experts on alternative payment options, and raffle draw/promotions by exhibitors and the organisers. 
“It is believed that the challenge for the cash-less policy is not paucity of alternative payment options any more, but getting the public to be acquainted with these options and embrace them too,” he said.
This challenge, according to him, would be resolved if the barrier between the banks and other alternative payment providers and the general public is broken.
The Cash-Less Lagos Fair, Abimbola said, would break the barrier by providing neutral ground for the banks and other alternative payment solution providers and the general public to meet.
Additionally, the fair would allow banks and all the alternative payment solution providers the opportunity to showcase and demonstrate their products\services in the full glare of the general public.
The fair, he further said, would be very helpful to participating companies who would receive instant feedback from the general public based on what they see and touch about the products and services.
While he said, the public would be better informed after the fair because they would get all the answers to questions agitating their minds and then make way for them to embrace these products and services.
He pointed out that the CBN’s cash-less policy is basically about reducing drastically the level of cash transactions in the country and gravitating towards alternative payment modes that make commercial transactions convenient while reducing the risk of carrying cash.

Remmy Nweke

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