
Development Diaries
February 21, 2025 at 09:28 AM
Another beautiful morning with another headlining story to keep Nigerians on their toes.
The Central Bank of Nigeria (CBN) claim that higher automated teller machines (ATM) withdrawal charges will improve cash access sounds like asking Nigerians to pay more for their own inconvenience.
The CBN has said that its decision to increase charges on cash withdrawals from automated teller machines (ATMs) of other banks was needed to incentivise banks to ensure improved access to cash at the ATMs.
With rising costs of living, should citizens now be punished for using the nearest available ATM? Instead of burdening struggling Nigerians, the CBN should push banks to expand ATM networks without making access to cash more expensive.
Check out more headlining stories here; https://developmentdiaries.com/nigerian-newspapers-key-advocacy-calls-friday-21st-february-2025/