 mosque may deva waves okay was a growing period for a lot of people. One morning I went to a branch of one of Nigeria's old banks in a rural town and I was surprised to learn that people had come to pick positions as early as 2 am. I did not bother getting on the virtual queue after I learned someone had a Italy number 250. It appeared there was a resistance to the cashless policy of the central bank of Nigeria. Some could not imagine transacting without cash. There were also experiences of debits without recipient getting value. I had several personal experiences including one transaction from September 2022 that is still all resolved. There is also the issue of fraud however I believe we must take four steps if we want to be relevant as a nation in the coming years. When we take transfer it is impressive that tomato and fruit sellers, the cab drivers, the keken riders and barbers are retailers that now offer to receive payments cashlessly. Slowly trust in being built in the system. The payment service banks have been fantastic. Some of them are now powered with the traditional banks with the number of active accounts they have. Their apps are easy to use and the process of opening a basic account is seamless. Could the cashless policy and narrow design have been better handled? You would agree that even successful processes can be improved. A payment channel that is adapted for a transportation model in Nigeria should be developed. It will be splendid to get into a bus or taxi and pay digitally without worrying if a transfer will be successful or not. This is important as high capacity vehicles convey many people daily so need a process that will seamlessly handle several successive payments per minute. I believe this is an additional opportunity for the PSBs. We might have gone through avoidable pain and hardship but have moved in the positive direction. All hands will be on deck to ensure that the pains of the narrow design policy is not in vain like the labor of our heroes past. I hope in our last few months we have planted a tree that would one day give shade to our unborn generation. I must agree with you that I'm very surprised about how apt everybody is adopting this new payment form of payment transfers. I remember telling myself that I don't have cash. How will I go about paying for stuff and getting things done and like transfer now. Transfer. Everybody is just saying transfer and I'm like it's impressive to go and get your head done and the first one in their mind is that oh this is my account number. I've been to the salon today. I've been to the barbers today. I've been to the nails studio today and everybody was like transfer. So basically I've been moving around without cash which is actually impressive because I remember just a few weeks back I used to have anxiety because I needed to make some payments. I would transfer from our big banks and you'll be there. The thing will buffer. Go around the square. I hope I've communicated the name. Go around the square. Come back. Go around the square. I'll be there having palpitations because I've just commissioned somebody to do something. I'm supposed to make payments. My integrity is on the line and don't be the transfer is not going. There's someone somebody told me that oh pay us through or something. I don't want to mention the name or something and I was like what is or something and I had to act around that. Is this legitimate? Is this working? I have one of those. They work without network issues. They have their own issues but compared to the traditional banks their services seem to be better. So I think we're all jumping on this with a positive attitude. We are looking for solutions outside of the box and that's something that is very common with Nigeria. It is the citizens that actually provide solutions to our problem and I was coming here today and I thought to myself that in Nigeria we always survive and is our survival instinct that revolutionizes our society that helps us to develop products that can solve our problem. Now cashless society everybody is doing transfer. Traditional banks their app is forever down network is forever having issues. Then we now have PSBs and I think like that and like that the people will continue to push for the development that we truly deserve and deserve in Nigeria. Anyway the CBN governor actually give an explanation. I think some couple of weeks ago about this issue we mentioned and I agree with him. You know the reason why the traditional banks are having these problems is because they are the banks them they have visited for several years. So just imagine a bank like let me use okay I won't mention them specifically but you know what I'm talking about they have customers they have millions and billions and billions of customers so when before the cashless policy most many Nigerians are not used to transferring and since people still prefer to go to the bank to do a transaction so their channels their traffic their network the servers can actually accommodate the little traffic they have okay but the cashless policy made the traffic heavy so that was why the smaller ones we are talking of the other PBS they don't have large customers like these people so they have IDO servers that's why they can work seamlessly but anyway the CBN governor promised that he will work with relevant stakeholders to see how to make them work but very importantly one of the PSBs has hit 30 million subscribers okay so the importance of that line of business and investors in it and we are ready for one output because any any fault making organization I believe should have seen that this is what is likely to happen and then you make allowance for it so so the PSBs are no longer small guys anymore they okay so let me just tell you I went from Lagos to Iqiti and then all I had was 200 Naira but when I stepped out of my house I took a cab to the airport took a plane to Akure took a cab into Akure town got on a commercial bus from Akure to into Iqiti and I did not give anybody cash even in Iqiti and in the last five weeks in Iqiti what I've been doing is doing a lot of transfer and you find that these small guys are actually very much on ground they are in Iqiti you see a lot of POSs and a lot of people that have accounts from with these PSBs and interestingly we are talking of an area where where you have maybe for a local government composed of a few towns you have just one physical branch so I think the digital banks are actually better positioned for for what we have now I'd like to jump in here I'd like to jump in here and most people look at the issues between PSBs and traditional you know banks and say you know it's a state of structure it's not it's not a state I wouldn't say how I understand how this information came about because of course we're on TV but the truth is banks have lied about their assets fixed and current so I'd cite you to where the CBA said it had put out a particular amount of cash and said come with your own physical cash since you say you have to sell amount and will change it to naira the traditional banks obviously could not come up with the physical cash which clearly states that if some people have altered balance sheets and said things that are not true because when it comes to the reality they can't bring it out so at that point you have the small boys who of course are doing these things anyway well we wonderfully have you know the only lady in the house the first lady olayemi ejimaya after the the next break with different opinions thank you