CBN, Fashola, others to appraise Cashless Policy

The Deputy Governor (Operations) of the Central Bank of Nigeria (CBN), Tunde Lemo and Babatunde Raji Fashola, governor of Lagos state, have been selected among the stakeholders in the payment system to discuss the benefits of the cashless policy at a two-day conference in Lagos.

The conference which commences next Monday is jointly organised by the De Novo Strategy and Media and the UK-based Reach Legal Consulting and Training firm.

Some of the topics to be discussed by the experts include: Implementing the Cashless Initiative Nationwide: the Roadmap; Global Payments Systems Development and Successes: World Bank Perspective; Building Resilient Infrastructure for the Effective Implementation of Payments Services in Nigeria: Charting the Way Forward; Achieving Financial Inclusion through Alternative Distribution Channels – Possibilities and Challenges; the Role of Banks in Cashless Nigeria – Making the Bank-led Model Work and Merchant and Retailer Engagement in the Cashless era – Managing Change to Effect a Seamless Transition to Electronic Processes.

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Partner, Reach Legal, IT and Telecommunications Law, Henrietta Abraham said the aim of the event is to bring together all relevant stakeholders in the cashless ecosystem to deliberate on the successes and challenges of the initiative in Lagos State, the pilot state, and the way forward, as the CBN gets ready to roll out the initiative to six other states in the country.

She added: “What differentiates this conference from others is that this is the only all stakeholders summit on cashless and the focus is purely on addressing policy issues as opposed to marketing products and services.

“That is why we make every effort to engage all stakeholders including regulators and policy makers, those who will shape the cashless policy as well as those who are affected by those policies.

Hope Moses-Ashike

Hope Moses-Ashike is an Associate Editor, Banking and Finance, with more than a decade of experience reporting on Nigeria’s financial system and broader economy. She closely tracks market movements, monetary policy decisions, company disclosures, regulatory actions, economic indicators, and global developments, and interprets what they mean for businesses, investors, policymakers, and households. Her reporting helps readers understand complex issues such as inflation trends, foreign exchange market dynamics, interest rate decisions, bank performance, and investment risks. She also covers major international events and periodically travels to Washington, D.C., to report on the World Bank/IMF Spring and Annual Meetings. Her dedication to financial journalism has earned her multiple recognitions and invitations to high-level professional development programmes. She is an alumna of the International Visitors Leadership Programme (IVLP) in the United States and holds an Advanced Financial Journalism Certificate from the Press Association Training in London, UK. Her other notable achievements include completing the Lagos Business School CMC Programme, the Bloomberg Media Africa Initiative Programme, and a Master Class in Journalism at Rhodes University in South Africa.