• Latest
  • Trending
  • All
CBN

CBN Approves Cash-Based Travel Allowance For 2025 Hajj Pilgrims

April 24, 2025
President Tinubu Hails Banking Legend Jim Ovia at 75th Birthday

President Tinubu Hails Banking Legend Jim Ovia at 75th Birthday

November 5, 2026
US Midterm Election: Primate Ayodele Gets It Right Again (VIDEOS)

US Midterm Election: Primate Ayodele Gets It Right Again (VIDEOS)

November 4, 2026
Okeira Community Set for Celebration on December 18

Okeira Community Set for Celebration on December 18

November 4, 2026
SPECIAL FOCUS! Adekunle Badmus: The Rise and Rise of a Global Nation Builder

SPECIAL FOCUS! Adekunle Badmus: The Rise and Rise of a Global Nation Builder

November 4, 2026
Fafoluyi Hails Pan-Igbomina Leader, Fakayode on Birthday

Fafoluyi Hails Pan-Igbomina Leader, Fakayode on Birthday

October 30, 2026
GTCO Fashion Weekend 2026 to Spotlight Authentic African Fabric Makers Through Fashion Collective

GTCO Fashion Weekend 2026 to Spotlight Authentic African Fabric Makers Through Fashion Collective

October 29, 2026
Esimone Charges Africa To Turn Gas Wealth into Industrial Growth

Esimone Charges Africa To Turn Gas Wealth into Industrial Growth

October 29, 2026
Fidelity Bank Redeems US$`400m Eurobond at Maturity

Fidelity Bank Redeems US$`400m Eurobond at Maturity

October 28, 2026
AutoLife fest 2026

AutoLife Fest 2026 Set to Hit Lagos on Saturday

October 28, 2026
Verdant Zeal’s 14th Innovention Series Targets Entertainment As Africa’s Cultural Export

Verdant Zeal’s 14th Innovention Series Targets Entertainment As Africa’s Cultural Export

October 28, 2026
How Golvia's Innovation, 'Social Commerce Wheel' Will Benefit African Creator, Trigger Digital Growth - Nwankpa

How Golvia’s Innovation, ‘Social Commerce Wheel’ Will Benefit African Creator, Trigger Growth – Nwankpa

October 30, 2026
POLITICAL ANALYSIS) ADC and Atiku’s Road to Aso Rock: How the Former VP Could Defy the Odds in 2027

(POLITICAL ANALYSIS) ADC and Atiku’s Road to Aso Rock: How the Former VP Could Defy the Odds in 2027

October 26, 2026
CRU Affirms Rising Public Trust For Police

CRU Affirms Rising Public Trust For Police

October 23, 2026
CP Tijani Says CRU-ECAPI Advocacy Timely, Beneficial

CP Tijani Says CRU-ECAPI Advocacy Timely, Beneficial

October 23, 2026
New Movie Series, 'The Quiet' To Premiere Friday

New Movie Series, ‘The Quiet’ To Premiere on Friday At AFFIF 2026, X-rays Insecurity in Nigeria 

October 21, 2026
SDP Candidate, Oladigbo To Receive Students Union Award

SDP Candidate, Oladigbo To Receive Students Union Award

October 19, 2026
Thursday, November 5, 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:  Bank Loans to Customers in 2019 Rose by N2.23tn –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:  Standard Chartered Bank Cancels N65 ATM, N4 SMS Charges, Others

 

“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:  How Nigeria's Refineries Worked Under Babangida

 

 

 

“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

President Tinubu Hails Banking Legend Jim Ovia at 75th Birthday
Business

President Tinubu Hails Banking Legend Jim Ovia at 75th Birthday

by TheConscience NG
November 5, 2026
US Midterm Election: Primate Ayodele Gets It Right Again (VIDEOS)
Politics

US Midterm Election: Primate Ayodele Gets It Right Again (VIDEOS)

by TheConscience NG
November 4, 2026
Okeira Community Set for Celebration on December 18
Entertainment

Okeira Community Set for Celebration on December 18

by TheConscience NG
November 4, 2026
SPECIAL FOCUS! Adekunle Badmus: The Rise and Rise of a Global Nation Builder
Champions

SPECIAL FOCUS! Adekunle Badmus: The Rise and Rise of a Global Nation Builder

by TheConscience NG
November 4, 2026
Fafoluyi Hails Pan-Igbomina Leader, Fakayode on Birthday
Lifestyle

Fafoluyi Hails Pan-Igbomina Leader, Fakayode on Birthday

by TheConscience NG
October 30, 2026
GTCO Fashion Weekend 2026 to Spotlight Authentic African Fabric Makers Through Fashion Collective
Business

GTCO Fashion Weekend 2026 to Spotlight Authentic African Fabric Makers Through Fashion Collective

by TheConscience NG
October 29, 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

  • President Tinubu Hails Banking Legend Jim Ovia at 75th Birthday
  • US Midterm Election: Primate Ayodele Gets It Right Again (VIDEOS)
  • Okeira Community Set for Celebration on December 18
  • SPECIAL FOCUS! Adekunle Badmus: The Rise and Rise of a Global Nation Builder
  • Fafoluyi Hails Pan-Igbomina Leader, Fakayode on Birthday

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