Connect with us

Economy

CBN bows to pressure, approves cash for 2025 Hajj pilgrims after VP Shettima’s intervention

DDM News

Published

on

The Central Bank of Nigeria (CBN) has reversed its earlier decision on Hajj Basic Travel Allowance (BTA).

According to Diaspora Digital Media (DDM), Nigerian pilgrims for the 2025 Hajj will now receive their BTA in cash rather than through debit cards.

This follows a decisive intervention by Vice President Kashim Shettima on behalf of pilgrims and the National Hajj Commission (NAHCON).

He appealed directly to President Bola Ahmed Tinubu, highlighting the difficulties the card-only policy posed for most pilgrims.

Many Nigerian pilgrims are from rural communities and lack familiarity with electronic banking and debit card usage.

After consultations, the CBN agreed to revert to a cash-based disbursement method to ease pilgrims’ financial transactions.

NAHCON’s Commissioner for Policy, Personnel Management, and Finance, Aliu Abdulrazaq, confirmed the approval after a meeting with the Vice President.

“We had several meetings about this,” Abdulrazaq said. “This breakthrough came after the Vice President’s timely and compassionate intervention.”

He stressed that the card-only policy would have created serious obstacles for the majority of Nigerian pilgrims.

“There is only one ATM in the key pilgrimage areas in Saudi Arabia,” he explained.

“It’s constantly overcrowded, making it hard for pilgrims to access their funds when they need them.”

Abdulrazaq noted that 95 percent of Nigerian pilgrims are peasant farmers with low exposure to digital banking.

“Some of them even struggle to identify foreign currencies,” he added. “They are simply more comfortable using cash.”

Earlier this year, the CBN introduced a mandatory BTA debit card policy for the 2025 Hajj pilgrimage.

Each pilgrim was to open a special account and receive a card for use in Saudi Arabia.

See also  Lawmakers Budget Fresh N30 Billion For National Assembly Renovation

This sparked concerns among stakeholders due to the low financial literacy of many pilgrims.

NAHCON Secretary Dr. Mustapha Muhammad Ali clarified that the change is not a subsidy or government concession.

“This is not a subsidy,” he said. “The Vice President only highlighted the practical challenges pilgrims face.”

He emphasized that most purchases are made in markets and streets where debit cards are rarely accepted.

Now, the CBN will issue cash at the prevailing market rate to all eligible pilgrims.

Abba Muhammad Aliyu, Director of Human Resources at the CBN, said the bank prioritized pilgrims’ welfare.

“Many don’t know how to use ATMs,” he said. “This policy change makes their experience easier.”

He confirmed this is simply a change in the payment method, not a return to concessionary practices.

NAHCON now expects a much smoother operation for the 2025 Hajj pilgrimage.

The BTA issue was our biggest concern,” Abdulrazaq said. “Now that it’s resolved, we’re ready to move forward.”

Kindly share!!


For Diaspora Digital Media Updates click on Whatsapp, or Telegram. For eyewitness accounts/ reports/ articles, write to: citizenreports@diasporadigitalmedia.com. Follow us on X (Fomerly Twitter) or Facebook

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest from DDM TV

Latest Updates

Why Netanyahu Agrees to Talks in Qatar Despite Hamas Rift

From Bunker to Mosque: Iran’s Supreme Leader Reemerges as Tensions Mount

After 25 Years In Pakistan, The Real Reason Behind Microsoft Exit

El-Rufai Expresses Regret Over Silence on 2023 Election as Leaked Video Sparks Outrage

Soludo engages Anambra indigenes in US as tour of accountability, inclusive governance continues

PSG Survive Red Card Madness and Musiala Horror to Knock Out Bayern

Deported at Dawn: The Vanishing of Eight Men on the Fourth of July

Why former APC National Chairman, Odigie-Oyegun joined ADC

Akpabio Faces Ouster as Zulum Leads Northern Governors Mass Defection

AMCON puts Silverbird Mall up for sale over unpaid debt

Subscribe to DDM Newsletter for Latest News

Get Notifications from DDM News Yes please No thanks