By default, CyberPanel version 2.0.2 installed PHP 7.1.x for the PHP CLI version.
To change the PHP CLI version, SSH to your server and enter the following command:
cp /usr/local/lsws/lsphp74/bin/php /usr/bin/
Change the “lsphp74” to the PHP version you desired (make sure the desired PHP version is available on the server).
Hope this helps.
P.S – The process above was done on CentOS 8 and CyberPanel version 2.0.2.
P.P.S – The latest PHP CLI version (7.4) was needed because I was working on Laravel 8 project. The composer was not working due to some of the Laravel Packages and Laravel 8 itself require a minimum of PHP 7.2.5 version.