Yul Edochie cashless policy appeal to President Tinubu triggers emotional reactions as he claims the system once boosted the naira and eased prices

Yul Edochie cashless policy remarks have triggered a wave of emotional responses across Nigeria, as the actor publicly called on President Bola Ahmed Tinubu to reinstate the former Central Bank of Nigeria’s cashless system.

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Edochie, known as much for his controversial political stances as for his roles in Nollywood, took to his Facebook platform to express strong support for the reintroduction of a policy he says once brought meaningful economic relief.

In his heartfelt post, Edochie argued that the cashless system introduced under the previous administration led to a significant appreciation in the value of the naira.

He further insisted that the policy brought down the prices of essential commodities during its brief implementation. His appeal appears to reflect the growing frustration among citizens grappling with the cost of living crisis.

According to Edochie, “We must look at policies that actually helped the people. That cashless policy helped us. Our naira gained strength, and market prices dropped. We felt it.”

His message was clear and directed to the highest levels of power, asking Tinubu to consider public welfare and economic stability above politics.

His comments have ignited conversations on social media platforms and local news outlets, with many Nigerians weighing in on the merits and pitfalls of the past cashless initiative.

Some users supported the actor’s call, highlighting that the brief enforcement of digital transactions created a more structured economy. Others, however, criticised the policy for excluding large parts of the population who lacked access to internet banking or smartphones.

Economists are divided in their responses. While some agree that encouraging digital payments reduces corruption and stabilises currency movement, others warn that such systems must be properly rolled out to avoid alienating rural and unbanked populations.

There is also the question of infrastructure readiness, especially in remote areas where electricity and internet services remain unreliable.

Despite his fame in the entertainment world, Edochie has never shied away from voicing opinions on national matters. This latest statement adds to a growing list of his interventions, which have positioned him as one of the more politically active figures in the Nigerian film industry.

His call to action comes at a time when inflation has reached record highs, and Nigerians are desperately seeking practical solutions. As the Central Bank contemplates monetary policy adjustments under new leadership, discussions around the cashless system have gained renewed relevance.

Public reactions are mixed, but the sentiment of urgency is universal. Edochie’s words have found resonance with everyday Nigerians who recall the difficulties of cash shortages but also remember brief moments of economic balance during that period. Some citizens claim that the controlled digital flow made it easier to budget and reduced the temptation for excessive spending.

Yet, critics argue that Edochie’s take is overly simplistic and fails to address the complex financial logistics involved. They caution that what worked in theory did not necessarily succeed in practice due to lack of preparation, limited public awareness, and technical shortcomings that caused serious distress at the time.

Nevertheless, the actor’s post has reignited a critical debate. Whether or not Tinubu considers the suggestion, the topic of a revived cashless economy is now back in national discourse. Edochie’s message concludes with a hopeful tone: “I believe in our nation. If we take the right steps, we will rise.”

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With voices like his amplifying public concerns, the push for economic reform continues to grow. Whether the government responds or not, one thing is clear: the people are watching closely, and they remember what worked, even if only briefly.