‘It Will Increase Value Of Naira’ – Yul Edochie Begs Tinubu To Bring Back Cashless Policy
Nollywood actor and political commentator Yul Edochie has publicly appealed to President Bola Ahmed Tinubu to reinstate the cashless policy introduced during the previous administration, stating that the move could significantly boost the value of the naira and help stabilize Nigeria’s fragile economy.
In a strongly worded message shared on social media, Edochie urged the federal government to revisit and implement a refined version of the cashless economy framework, which aimed to reduce heavy cash transactions and promote digital payments. According to the actor, a well-enforced cashless policy would reduce corruption, encourage financial transparency, and ultimately strengthen the local currency.
“Mr. President, if we truly want the naira to gain value, we must bring back the cashless policy. It might have been flawed before, but it was a step in the right direction,” Edochie wrote.
He emphasized that digital transactions make it easier to monitor money flow, curb hoarding, and limit the circulation of counterfeit currency issues that have long plagued Nigeria’s financial system. He also pointed out that many advanced economies are already operating with minimal cash usage, urging Nigeria to adapt and move forward with technological reforms.
Edochie’s call comes at a time when Nigerians are grappling with the effects of naira depreciation, rising inflation, and economic uncertainty. The actor, known for using his platform to speak on national issues, has been increasingly vocal about governance, reforms, and citizen welfare.
His message has sparked conversations online, with many Nigerians echoing his sentiments while others question the readiness of the country’s infrastructure for a fully cashless transition.
Whether or not the Tinubu-led administration will consider reinstating the policy remains to be seen, but Yul Edochie’s appeal to bring back the cashless policy has reignited public discourse on how digital finance could play a role in restoring the value of the naira.
