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Traders in Lagos complain of shortage of PoS terminals

Some traders in Lagos have said that shortage of Point of Sales (PoS) terminals might hinder the smooth take-off of the cash-less policy of the CBN.

They said that the aim of the scheme might be defeated if the CBN did not address the shortage immediately. Many traders were yet to key into the pilot scheme 10 days after its commencement, due to non-availability of the terminals.

Mr Uche Ugochukwu, President, Association of Alaba Traders, advised CBN to deploy more PoS terminals, adding that this was necessary to remove any hurdle that might hinder the implementation of the policy.


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