• Latest
  • Trending
  • All
CBN

CBN Approves Cash-Based Travel Allowance For 2025 Hajj Pilgrims

April 24, 2025
'The Future Bows to Those Who Dare to Dream,’ Zenith MD, Umeoji Tells 300 Girls

‘The Future Bows to Those Who Dare,’ Zenith MD, Umeoji Tells 300 Girls

October 14, 2026
Alpha Morgan Bank Moves Head Office to Lagos, Signals Growth

Alpha Morgan Bank Moves Head Office to Lagos, Signals Growth

October 14, 2026
Awoniyi Family Unveils Funeral Arrangements for 83-Year-Old Matriarch

Awoniyi Family Unveils Funeral Arrangements for 83-Year-Old Matriarch

October 13, 2026
Zenith Bank To Boost Opportunities for Girl-Child with Maiden Empowerment Programme

Zenith Bank To Boost Opportunities for Girl-Child with Maiden Empowerment Programme

October 10, 2026
FirstBank To Host, Sponsor West Africa International Banking Dialogue & Awards Gala 2026.

FirstBank To Host, Sponsor West Africa International Banking Dialogue & Awards Gala 2026

October 10, 2026
Thailand Pass: Emirates Excites Holidaymakers with exclusive perks and savings

Thailand Pass: Emirates Excites Holidaymakers with exclusive perks and savings

October 9, 2026
Fidelity Bank Targets Sustainable Growth with Business Forum in Lagos 

Fidelity Bank Targets Sustainable Growth with Business Forum in Lagos 

October 9, 2026
Fatgbems Marks Customer Service Week With Customers Reward, Renewed Commitment

Fatgbems Marks Customer Service Week With Customers Reward, Renewed Commitment

October 8, 2026
Relief As Bola Tinubu Led FG Announces 30-Day Petrol Discount

Relief As Bola Tinubu Led FG Announces 30-Day Petrol Discount

October 8, 2026
From Pencil to Pastel, Acrylic to Sculpture: The Many Sides of BB Arts

From Pencil to Pastel, Acrylic to Sculpture: The Many Sides of BB Arts

October 8, 2026
Lagos Police Arrest Man Wanted for Cyberbullying Clerics 

Lagos Police Arrest Man Wanted for Cyberbullying Clerics 

October 7, 2026
Lagos Police Arrest Man Wanted for Cyberbullying Clerics

Codix Group Commissions Educational Facilities in Ogun

October 7, 2026
Mass Exit Hits NGIJ as Members Reject Aliagan’s Emergence Over Multiple Voting* Members

Mass Exit Hits NGIJ as Members Reject Aliagan’s Emergence Over Multiple Voting

October 3, 2026
Industry-Academia Partnership and Future of Healthcare Education

Industry-Academia Partnership and Future of Healthcare Education

September 14, 2026
IGP Endorses Societal Concerns Drone, Intelligence Training for 300 Police Personnel

IGP Okays Societal Concerns Drone, Intelligence Training for 300 Personnel

September 14, 2026
How Police IGP Disu “Egbon Tunji” Left an Indelible Mark on Ago-Iwoye Students, By Ayo Mojoyin

How Police IGP Disu “Egbon Tunji” Left an Indelible Mark on Ago-Iwoye Students, By Ayo Mojoyin

September 7, 2026
Thursday, October 15, 2026
  • Login
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
No Result
View All Result
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech
Home Business

CBN Approves Cash-Based Travel Allowance For 2025 Hajj Pilgrims

by Reporter theconscienceng
April 24, 2025
in Business, Trending
0
CBN

CBN

Share on FacebookShare on Twitter
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share

IMG 20250115 WA0006

CBN Approves Cash-Based Travel Allowance For 2025 Hajj Pilgrims

 

THECONSCIENCE NG reports that in a significant development aimed at improving the travel experience for Nigerian pilgrims, the Central Bank of Nigeria (CBN) has approved the use of cash for the disbursement of the Basic Travel Allowance (BTA) for the 2025 Hajj. This decision marks a reversal of the CBN’s earlier plan to enforce a debit card-only policy.

 

The change comes after a decisive intervention by Vice President Kashim Shettima, who made a persuasive appeal to President Bola Ahmed Tinubu on behalf of the National Hajj Commission of Nigeria (NAHCON) and concerned pilgrims.

READ MORE:  ‘Over ₦600b TETFund Unused Funds Trapped In CBN'

 

The Vice President’s appeal emphasized the difficulties a cashless policy would pose, particularly for the predominantly rural and financially less-literate Nigerian pilgrims.

 

Speaking with journalists after a meeting with the Vice President, NAHCON’s Commissioner for Policy, Personnel Management & Finance, Aliu Abdulrazaq, confirmed the CBN’s decision to allow cash transactions for this year’s Hajj.

 

According to a statement by Stanley Nkwocha, Senior Special Assistant to the President on Media and Communications, Office of the Vice President, Abdulrazaq said:

 

“The meeting was prompted by the federal government’s earlier policy mandating the use of debit cards for the 2025 Hajj BTA. Several discussions had taken place before now, and the Vice President’s intervention, including a direct appeal to the CBN Deputy Governor, led to this positive outcome.”

READ MORE:  CBN Asks Court To Dismiss EFCC’s Forfeiture Bid Against N2.7bn Collateral Property

 

“Thanks to the CBN’s magnanimity and the Vice President’s appeal, the policy has been revised. Pilgrims will now be allowed to receive their BTA in cash. This is a landmark achievement for NAHCON.”

 

He further explained the practical challenges associated with a cashless policy:

 

“In the areas of Saudi Arabia where most Hajj rituals are performed, there is typically only one ATM available—and it’s always overcrowded. This creates major inconveniences for pilgrims trying to make purchases.”

READ MORE:  CBN increases benchmark interest rate to control inflation

 

 

 

“Moreover, about 95% of Nigerian pilgrims are peasant farmers who often face challenges using electronic payment systems. Many even struggle to recognize foreign currencies. For this demographic, cash is a more practical and accessible option.”

 

Abdulrazaq concluded by expressing optimism about the upcoming Hajj operations:

 

“With this issue resolved, we’re confident that the 2025 Hajj will proceed smoothly. Preparations have been in full swing, and now our main concern—the BTA—has been effectively addressed.”

 

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Share on WhatsApp (Opens in new window) WhatsApp

Like this:

Like Loading…

Related

Tags: CBNHajj Pilgrims
ShareTweet
Previous Post

NDLEA Seeks Drug Test For Corps Members, Others – Marwa

Next Post

Niger Governor Bago Bans Dreadlock, Others In New Executive Order

Reporter theconscienceng

Reporter theconscienceng

Related Posts

'The Future Bows to Those Who Dare to Dream,’ Zenith MD, Umeoji Tells 300 Girls
Business

‘The Future Bows to Those Who Dare,’ Zenith MD, Umeoji Tells 300 Girls

by TheConscience NG
October 14, 2026
Alpha Morgan Bank Moves Head Office to Lagos, Signals Growth
Business

Alpha Morgan Bank Moves Head Office to Lagos, Signals Growth

by TheConscience NG
October 14, 2026
Awoniyi Family Unveils Funeral Arrangements for 83-Year-Old Matriarch
Entertainment

Awoniyi Family Unveils Funeral Arrangements for 83-Year-Old Matriarch

by TheConscience NG
October 13, 2026
Zenith Bank To Boost Opportunities for Girl-Child with Maiden Empowerment Programme
Business

Zenith Bank To Boost Opportunities for Girl-Child with Maiden Empowerment Programme

by TheConscience NG
October 10, 2026
FirstBank To Host, Sponsor West Africa International Banking Dialogue & Awards Gala 2026.
Business

FirstBank To Host, Sponsor West Africa International Banking Dialogue & Awards Gala 2026

by TheConscience NG
October 10, 2026
Thailand Pass: Emirates Excites Holidaymakers with exclusive perks and savings
Business

Thailand Pass: Emirates Excites Holidaymakers with exclusive perks and savings

by TheConscience NG
October 9, 2026
Next Post
Niger Governor Bago Bans Dreadlock, Others In New Executive Order

Niger Governor Bago Bans Dreadlock, Others In New Executive Order

No Result
View All Result

Recent Posts

  • ‘The Future Bows to Those Who Dare,’ Zenith MD, Umeoji Tells 300 Girls
  • Alpha Morgan Bank Moves Head Office to Lagos, Signals Growth
  • Awoniyi Family Unveils Funeral Arrangements for 83-Year-Old Matriarch
  • Zenith Bank To Boost Opportunities for Girl-Child with Maiden Empowerment Programme
  • FirstBank To Host, Sponsor West Africa International Banking Dialogue & Awards Gala 2026

Get the latest news on the go!

Enter your email address

© 2025 TheConscience NG

TheConscience NG

  • About
  • Contact Us
  • Privacy-Policy
  • Terms and Conditions
  • TheConscienceNg.com | Breaking & Verified Nigerian News on the go!

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
X
Subject:
Message:
Ajax loader
No Result
View All Result
  • News
  • Business
  • Politics
  • Crime
  • Entertainment
  • Featured
  • Icons
  • Opinion
  • World
  • Tech

© 2025 TheConscience NG

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Share with friends
Share on Facebook Share
Share
Share on Twitter Share
Share
Share on Linkedin Share
Share
%d