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Policy Paper on the Revised Cash Withdrawal Limit: Implications for Nigeria's Small and Growing Businesses

Dear ,If you recall, the Central Bank of Nigeria (CBN) introduced a new policy on cash withdrawal in December 2022 as a follow up to the naira redesign and the apex bank’s cashless policy. The cash withdrawal policy which stipulates a maximum withdrawal limit for both individuals and corporate organizations will take effect from Monday, January 9, 2022.As with most economic or entrepreneurship policies introduced by the Government, there are likely implications for Nano, Micro, Small and Medium Enterprises (NMSMEs) and the business environment in Nigeria.What are the implications of this policy? Are there opportunities and/or challenges we foresee?This “Policy Paper on the Revised Cash Withdrawal Limit: Implications for Nigeria's Small and Growing Businesses” explores the likely implications, opportunities and challenges with the implementation of the new cash withdrawal policy and provides policy recommendations to mitigate foreseeable challenges. Download a free copy here and do share with your network.For feedback, questions and/or recommendations, please send an email to [email protected] look forward to hearing from you.Kind regards,The FATE Institute