Online Platforms, ATMs to Function During Lockdown -FG

ATM machine
  • Online Platforms, ATMs to Function During Lockdown -FG

Godwin Emefiele, the Governor of the Central Bank of Nigeria and the Minister of Finance, Budget and National Planning, Mrs. Zainab Ahmed, have said the nation’s financial system will continue to operate during the two weeks lockdown announced by the Federal Government.

This was disclosed in a jointly signed statement and made available to the media in Abuja.

According to the statement, the president allows skeletal operation of the financial system and money markets to ensure Nigerians can still perform online transactions.

“To ensure that Nigerians can still perform online transactions and use ATMs whilst observing these restrictions, we will like to inform the general public and all affected stakeholders that we have obtained exemptions from the President to allow very skeletal operations in the Financial System and Money Markets in order to keep the system in light operations during this time.

“We are mindful of the difficulties these restrictions would bring on ordinary Nigerians and are grateful to the President for approving these exemptions, which should help ease some of these burdens.

“We urge all Nigerians to be patient, cooperative and united as all hands are on deck to defeat this virus,” it stated.

The statement added that the restrictions are very important to substantially reduce the spread of the COVID19.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya

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