CBN's Reforms Alleviate Year-End Cash Scarcity in Nigeria

The Central Bank of Nigeria (CBN) tackled year-end cash scarcity by reinforcing operational discipline and ensuring the financial system serves Nigerians reliably. Under the leadership of CBN Governor Olayemi Cardoso, a committee was set up to holistically address the cash scarcity issue, providing relief to millions of Nigerians needing cash for daily expenses and business operations.

Traders across major cities praised CBN for finding solutions to the problem, with improved access to cash through bank branches and ATMs. Customers like Nkiru Onyema and Stephen Abiodun experienced quicker cash withdrawals and deposits, reducing wait times significantly.