Yul Edochie, the Nollywood actor, has pleaded with President Bola Tinubu to revive the cashless policy introduced by former President, Muhammadu Buhari.
The controversial Nollywood actor, in a post shared on Instagram explained that the policy had a positive impact on the nation’s economy as it strengthened the naira and brought down the prices of goods.
The actor cum filmmaker noted that lower denomination notes like ₦5, ₦10, ₦20, and ₦50 began to hold value again when the policy was in place.
The actor also stated that the cashless system played a major role in reducing kidnapping across the country, as it limited access to physical cash by criminals.
Edochie urged the President to consider bringing back the policy for the benefit of the nation.
“To my leader, President Bola Ahmed Tinubu, GCFR @officialasiwajubat, I humbly suggest you bring back the cashless policy. When it was introduced by the previous administration, it increased the value of the naira tremendously.
“It helped to bring down prices of goods and it made 5 naira, 10, 20 and 50 naira notes regain value. The cashless policy also helped to reduce kidnapping massively. Consider it again Sir,” he wrote.