UPDATE: How Lack Of Cash Will Affect Soldiers – NSA

Babagana Monguno, the National Security Adviser, stated that naira scarcity and the cashless policy will affect military personnel posted in remote areas.

Monguno made the remarks during a House of Representatives ad hoc committee hearing on currency reform and naira swap policy on Thursday.

The NSA, represented by A.A. Mustapha, a director in the Office of the National Security Adviser, ONSA, stated that a continuous effort is being made to fix the issue.

CBN Discouraging Cashless Policy With New Charges On Electronic Transactions – Nigerians Cry Out

“Globally, military operations, even in First World countries, such policies, if not properly well thought out will affect some of our soldiers in places where they cannot actually access digital means of paying for their daily subsistence,” he said.

Earlier in his speech, the chairman of the committee, Ado Doguwa, said: “It is the belief of this committee that the policy would have, in one way or the other, certain implications [for] the security apparatus or security architecture of the country, especially when we are facing elections.”

 

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