The entire point of this CBN policy is not any cashless kinikan - even Emefiele is not dumb enough to believe that a country of 180 million+ people that generates less than 5,000MW of electricity can go "cashless."
The point is to tax cash transactions like transfers are taxed.

That's literally the entire point of this. This administration'd only tool is a hammer that it uses to either ban stuff or extract more revenue by imposing new taxes.
Since electronic transfers are already taxed, how do you raise new revenues? Force people to pay for using cash.

If the CBN actually believed that it could impose cashlessness on Nigeria, the policy would have simply banned cash withdrawals over a certain threshold, or made them subject to an application.
Instead all it did was charge individuals 5% and corporates 10% to exceed the limit.

It's literally just another tax.
I don't understand how you people are not seeing it.
It's so obvious to my eyes.