 And now to our main feature for today. Analysis of data showed that the value of e-payment transaction stood at 42.42 trillionaire in January that went down by 4.3% month on month. The 40.6 trillionaire in February from where it rose by 34% to 54.5 trillionaire in March. Now the volume of e-payment transaction stood at 1.12 billionaire in January, rising by 29% months on months to 1.5 billionaire in February and not by 46% month on month to 2.1 trillion billion in March. Our NEAP's instant payment channel had the highest volume of transactions with 123.72 trillionaire and the largest volume of transactions with 2.5 billion during the period. Oluwa Shegun, a liquid day is the public relations officer of the Association of Mobile Money and Bank Agents in Nigeria Ambin. He joins me now to discuss further on this recent development. Thanks for joining us, Shegun. Thank you, Justin. All right, it's as though the electronic channels for payment this period is actually having a huge day with transactions actually rising. But in your opinion, how would you really say that the POS industry actually has performed in the past three months? Well, in the wake of the policies released by the CBN, which I would say is topsy-topsy, at some point, many of our members, few residents were hurt on business over 70% of them during the cash crunch. And also, the few ones that were really good, really having the transaction that volume increased. Of course, limited number of agents were really amazing. So I would say it is the end of there. But of course, what really has given us this figure that you nailed down is because people actually embrace alternative channels for transactions when the cash whether really good. And so not necessarily the constitutional banks, the feedbacks had the same difference. So many engineers, people were able to just register, get the funds for payment of those services in the new ones that were rendered. And then so adoption of the alternative channels by the immediate engineers is what has actually given us this figure that you're doing with us. Shago, so a lot of people would actually say that the POS guys, those that actually were working during the cash crunch, actually were really smiling to the bank in quotes because the transaction charges jumped to us about 30% in as much as most Nigerians were actually struggling to pay this. But so far now, with the recent development and the cash being available everywhere, would you say that your members are actually following the due guidelines? During that, the cash crunch was not really related. It was something that was controlled by market forces. Because for those that you mentioned were charging for 40% of the charges, who would also tell you they were buying cash, who do you see later? They were buying cash and they would tell you sometimes they buy this cash at 7,000, they're not paying 1,000, they're not paying 1,000. They're coming back to their owners, then they also have to take the calls and mark off their own profits. So, what I've been saying is, since the Supreme Court gave the judgment and the pre-government has actually showed variance, it has, the price has really come down to normal. Even now, some of them, they were charging exorbitantly at the time, they have resorted back to their own prices and some of them, more like taking customers to the alternative channels and Q&A, especially now, because the cash is now surplus in the circulation. So, that was a period that everybody, for those that were really, that had cash, were having the feeling and saying, now prices are really coming down. And then I think normalcy has returned. All right, Sherwood, if you say normalcy has returned, let us just share with us really what is normal right now. For instance, before the cash crunch, Nigerians were withdrawing 5,000 from bank agents for about a hundred Naira, but since the cash crunch and now, it went as high as some paying about 500 or 1,000 Naira for 5,000 Naira, but right now some POS operators are still paying out, charging as much as 200, 300 to withdraw, to dispense some 5,000 Naira. So, how would you say that normalcy has returned? Yeah, even before now, the other Naira being charged with 5,000 Naira, it's not economically viable or what's not available, but it's not viable. If you put it into conservation, that we also live in this country and we also buy the same, buy gas from the same institution. 12 is now, so around 10, so around 20 Naira, cost of everything in the market has gone up. So, on the other hand, 5,000, even before the cash crunch was not a real reflection of what we should be charging. So, if you have been charged 200,000 Naira and 5,000 Naira now, it is really the price. 5,000 Naira on 10,000 or 4,000 Naira on 10,000, depending on the area, but I will tell you, the days of 410,000 Naira should be passed now. We can't, because we also go to the same market and we also shop in the same market if there are any Naira. We cannot, because we need to use our own charges. I get all of that, Jacob, but what I really want to find out right now, you have members under AMBAN, is there a regular, even as much as it might have been subject to review, but is there a regulated charge on all of this withdrawals, maybe 5,000, 10,000? What is AMBAN doing as per regulating this of charges to go across board? What we are doing is to decentralize the price regulation because no two states are the same. We understand the cost of living in the girls would be quite different from the cost of living in Nambuja and in Shonkoto and the like. So what the National Executive Council has done is mandate each state chapter to come up with the price list suitable for the economic reality of the state. So you may in Nambuja be getting set out on Naira, back on Naira, and then in Shonkoto, maybe 7,000 Naira, depending on the economic reality. And some other indices are factors that come to play in this regard. So that is the position of the association. Okay, let's talk more about the E-payments and the financial inclusion of VisaV, the central bank of Nigeria's cash withdrawal limit. It has been reviewed. AMBAN, I remember then when it was actually subjected to about 20,000 Naira per weekend, there were calls for consent. But it is right now, still on that aspect, how has it really affected your industry and how have members been impacted on this so far? How is business for them with this policy and this ceiling that has been placed on withdrawal? So that is another factor that we need to focus on. Why we are going to talk about this is surprising and it charges us, agents charge across board. The limit is to sit there on the cash withdrawal over the counter and it's only the same. So what are members doing? What agents are doing? Basically now, it's to approach merchants who have volume of transactions and cash and then try to help them to muck this cash and they claim them to be on offense and are dispensed to those that we need to cash society. So if you want to go as an agent to be banked to withdraw, probably you need to be able to withdraw more than 100,000 Naira a day. That can not as substantially help you to service those that you have within your area. So alternative areas where we get cash is from merchants, business commission, supermarket, the pharmacies and all of those. That's where we get our cash presently now. There are still talks with the central bank to give us that recognition and categorization so that agents who buy money against would be able to enter and go to the bank and withdraw minimum of 500,000 Naira a day to serve effectively in their area. Shergo, what is the future? For the first quarter of this year, we saw a rise of 298% for e-transactions now. That was basically because of the cash crunch now. All of that is over. So what do we expect to see as per statistics for this second quarter? I think what happened in the first quarter was despite the numbers I was expected because of course, basically people had no other means of transacting in this year and then we had some results for time to turn it. Going forward, I see the numbers will be turning but the numbers will still rise, bearing in mind that a lot of members have also seen the need to embrace electrolyte payments as means of livelihood and better to go about their businesses. So it's really, but it might be in a very conservative figure now, but it will still, there will still be increases in the numbers. I'm not sure that the realities in the market will prove me, I don't know. I'm not sure we have the same type that we had in the first quarter in the second quarter and a lot also depends on the viability and the sustainability of the infrastructure that we have in the banking sector. If we are able to sustain the upgrade that has come in the wake of all of these and people would embrace it more, but if we put into consideration that we see a lot of Nigerians who have issued this foot in the first quarter that have not been resolved, even now, then you will know that there are some of us that have apprehension using the time to find it. All right, I must say a very big thank you to you, Aloha, Sherro, Eligbededa, Public Relations Officer, the National PRO of Amban. Thanks for all the useful insights that you have shared. Thank you Justin, thank you for having me. All right, we'll take a very quick break. We'll be right back to round off with you all how oil prices are doing as I term this month, stay with us.