 We're back with the breakfast in Plastivia, Africa. Time for us to look at the second conversation. The House of Representatives at the Plenary re-invited the governor of the Central Bank of Nigeria, Sibia, and Godwin, Emethily, to fully brief theologians on his recent monetary policies, especially the cash withdrawal limit of 100,000 Naira weekly. It will be recalled that the House had via motion at the plenary session at the week someone emethily for explanation on the policies later to take off on January 9, 2023. The House had found the policy on a tenable and asked the governor to appear before it on December 15, 2022 for more information on it. But the governor was not available on the day to brief the House. However, he wrote to the Speaker of the House, and we're talking about Femi Bajabi Amila, pledging to brief the lawmakers at earliest possible time. That's usually the format of this letter. But the governor was also not available on that day. And so to brief the House, however, like I mentioned earlier on, he had written to the Speaker, and he's requesting that he would brief the House at the earliest possible time. However, it was also reported that the minority leader had drawn the attention off the House to the fact that they had taken decision to suspend these actions as the action of having this policy been implemented on the 9th of January. We just had straight to having this conversation now with our guests this morning. Quickly, we have two gentlemen who will be joining the conversation via Zoom this morning. We have Suleiman, who's on standby. He'll join us. And we also have Hussani, who joins us this morning, an economist. Olari Waju, Hussani, an economist. And Suleiman, who joins the conversation. He's a public affairs analyst. Thank you, gentlemen, for being part of the show this morning. All right. So let me start with Olari Waju. What are your thoughts on this development? The CBN cash withdrawal limit, the CBN governor not being available to answer, and the fact that, you know, the House is saying we're already taking a decision to suspend the policy. What are your thoughts really? Thank you so much. The policy of cash withdrawal limit is like two in one, right? There has been a policy that was released a couple of weeks ago to identify cash in circulation that is over 80% in circulation. So CBN came up with a figure to say we have 3.2 trillion Maya notes, out of which 2.7 trillion are out of the cash vote. So it brought about the counterfeiting, the security challenge, and the negative effect of such. And it brought in the design, the redesigning of the legal tender notes of 200, 540 and 1000 error notes respectively. And I'll attend to, as well, and show that this same set of money do not go out of the bank vaults again. Another policy came out, which is the withdrawal limit. But however, as much as possible, this withdrawal limit of a thing is positive, if it is well implemented, is a positive policy to the economic growth. But nevertheless, there are some key areas that are left untouched. Take, for example, the policy identified the limit of 20,000 per individual per day to maximum of 100,000 per week and cooperate for 500,000 per week. But fail and also identify what you can get on POS to the 20,000 error, what you can get on ATM machine to the 20,000 error. But fail to identify the fact that the reality of Nigerian market, if you want to buy a common bag of price, you start 5000 error. So that means if you cannot buy with cash, you have to buy with periods. But the periods now has a limit of 20,000 error. Are you saying you want to buy a bag of price in the market and you have to go to the market twice? So the limit has to be adjusted. That's one area. Also, we have over 1.4 million agent network in Nigeria at the moment to drive the banashian inclusion. Let's stay with the action. I mean, we understand that this is what this policy is about and the implication for all of this. But while we're looking at the action of the CBN governor, the action of the lawmakers, here has been summoned to answer questions. I mean, lawmakers have been really concerned about this particular policy. And at some point, the minority leader has stated that, hey, we have taken a decision that it should be suspended, although the banks have gone out and some of this currency is already in circulation. So I'd like to show you a thought on that. The IMF Lee wasn't available to respond to all of this. And then there's reinvitation. What's the guarantee that he would respond? What happens now that the lawmakers are asking that they be suspended? Well, you have the apex bank. It seems like a lot of confusion in the system. Ninth of January is almost here. Okay, thank you. Thank you for calling me back on that. I think the action of the governor, even claiming to be on official duty, is another show of, to say, lack of giving respect to constituted authority. I don't know if there is a section or a penalty by the House of Representatives or the legislative action. But I don't see any reason why he cannot even designate a deputy director or deputy governor or somebody who is in that section to come and put more clarity to this withdrawal limit. I think it's more of a autism and trying to carry people along. We are in a country where we get away with a lot of things. And I think there should be a penalty for avoiding such because Nigerians need answers. And the answer needs to be given at the right time. Ninth of January is here and it's close. And it is necessary that the House of Representatives take necessary action to ensure that the interests of the citizenry are protected. Alright, Suleiman, I'll come to you now. What exactly is a play here with the National Assembly on this invite? Some people feel that this is corruption fighting back. Are you of the same view? No. Actually, good morning and thank you for having me. I can say that the National Assembly is acting on the interests of the common masses to invite the CBN, CBN governor to grip them on the issue of the withdrawal cash limit. Just like as I said by Zane earlier, this policy of the CBN is coming at a time that a lot of Nigerians are even unemployed or unemployed, so to be about 1.4 million members of an unbounded actual mobile money operators of Nigeria will be rendered either out of work or they will lose their job. So in essence, again, answering your question, this is something that the CBN governor even as a head of the effects back in Nigeria should show up and answer to the invitation of the House of Representatives. As Alia said, you remember this policy has less than two weeks to even go into action. And also, we should also take note that by Tuesday, the National Assembly may be going on recess for the year. So if the CBN governor did not appear on the front of a National Assembly this week, I must tell you that that will be all and it will be taken over to October next year. So this is, if it is correction, I don't think it's correction fighting back. So what we just need is the next policy in place so that these things can be checked. National Assembly are acting on their statutory function to invite any public official that took any decision or any actions that is detrimental to the welfare of the entire Nigeria. So we cannot afford about 1.4 million and an average Nigeria do not even have access to basic things like withdrawal and all among what that is. Just like we say that 5,000 Naira is said the bag of rice. You're asking me that if I want to buy a bag of rice that deposit $20,000 you can come back the following day to deposit another. And again, if the idea is to promote the Naira or how do I put it, the electronic transport, we must also look at how many Nigerians are banked, how many of them are on bank, how many of them are on that bank. All this must be put into postulation. If you go to places like Abuja, it's even easier to do. If you go to other rural places or other rural towns in Nigeria, it will be hectic for Nigerians to carry out their daily activities based on the withdrawal limits that have been cap on them. So it needs to be looked at. The CBN governor should at least, if he cannot come in person, should send someone that has a good knowledge of the whole policy so that he can brief the us of it. For those who you say are not in the financial system, isn't this a very good opportunity for them to be captured? I mean, we want to see every single Nigerian in the financial system so that we can trace who is sending money to who. Don't the benefits outweigh the disadvantages if you look at this whole situation? Okay. I would like to come in there. So yes, the benefits are to raise it. However, you will recall that this policy has been, the cashless policy has been on grants since 2012, and it took at least five years before people began to adopt the cashless policy as of 2017, where the purest was introduced, was adopted by the general public. So it is even the COVID-19 that made it more stronger, COVID-19 had great then that make it more stronger that people see reason why they have to do this. So what we are saying here is this policy has been on grant, but this needs to be forced. There is no proper awareness, right? Education is also illiteracy, it's also a problem because people don't know how to use smartphones. A lot of this technology are on smart technology. We have seen a lot of theft activities happening on USSD, which makes it more risky. So people need to be educated and it takes time, more especially the way you deal with regions where people are not illiteracy at the high level there. So there needs to be time, it's an opportunity, but we need to be a gradual process in phases, not like you do it a short while and it does hit like that. So what we are saying is if there is a possibility to have an increase in limit, create room for more adoption and enforcement, I think it is a good opportunity for Nigeria. Well, let's have Suleyman Shah his thoughts on the next issue that is going to be raised. Of course, Khan and others have actually said that it feels like all of this, some people are saying it's just political elements, a lot of disgruntled individuals who are pushing against this particular policy. Do you think that those who are speaking against this policy are at their interest or is for the interest of Nigerians at the end of the day? Yeah, I think that's where the interest is coming now. I think there is one thing that we say Nigerians are poor. Then we draw a limit. The same Nigerians are saying that no, this is out of their place. Now, for those that says the policy is about a particular interest, they may not be out of place. But at the same time, one thing we look at is this, anything, any interest that takes care of our collective interest as a nation should come first. As Susein also said, one thing we should look at is that the illiteracy level in this part of the world is so low. And again, number two, the number of people that are even on bank should also be brought into the capital of the financial inclusion by policy. Now, if you are taking these people out of the whole thing, it's like you are frustrating them more. This thing has to happen in faces. What we should have done now is let us at least widen the scope a bit, increase the withdrawal limit, and also the timing. It can even be the first quarter, the second quarter of the year to do all these things. So that's my take. All right. Jan, I want to thank you very much for your time. Larry Wajih, who's saying who's the economist in Abuja and Suleiman Akande, public affairs analyst, we're grateful for your time. Thank you so much. Thank you very much for your time. All right. We'll keep monitoring the situation to see where exactly this ends up. If I may fill you, Godwin, who is the CBN governor, will appear. I think the application, the expatriate application filed by the Department of State Services identified him as Godwin Mifili, full stop. And then the judge, Melody Anbojassi's show, pointed out that they didn't even say who he was. It was left to the imagination of the judge to know whether he was the CBN governor, the Godwin Mifili, a high ranking individual. So it's a race we've seen if Godwin Mifili, Central Bank of Nigeria, we have to point that out, not to say Godwin Mifili, full stop. We'll appear before the National Assembly and what will come out of that. For now, Nigerians are suspected as the motive of the National Assembly and indeed the DSS. A lot is going on really. It's a bit messy, but we pray for the best and the outcome for the country at the end of the day. That's the sides of our package this morning. You can follow us on our social media platforms. We have Facebook, Twitter, Instagram, Plus TV Africa. We also on the internet is working, check our website out only YouTube at Plus TV Africa and Plus TV Africa Lifestyle. My name is Kofi Bartels. And my name is Messia Boko. Do you have a fantastic day? We're joined in the newsroom at nine o'clock, fourth on news proof. Please stick with us.