✕ CLOSE Online Special City News Entrepreneurship Environment Factcheck Everything Woman Home Front Islamic Forum Life Xtra Property Travel & Leisure Viewpoint Vox Pop Women In Business Art and Ideas Bookshelf Labour Law Letters
Click Here To Listen To Trust Radio Live

FG cashless policy, impacts and miseries among Nigerians

The federal government directive to the Central Bank of Nigeria to redesign the currency heeds positive impacts despite the hardship faced by the masses. The implementation challenges are the sacrifice we have to bear for better governance and a better society.

Objectively, with the policy, the government will be able to curtail inflation in the economy by reducing the much money outside the banking environments and sustaining the electronic cashless business transaction system in the country.

The level of insecurity has been reduced to a minimum as access to so much money has been reduced and confidently makes it easy for security personnel to manage the situation professionally without much media involvement.

SPONSOR AD

In the political arena, the electioneering process is becoming peaceful because of the unavailability of too much money to share and struggles, which could lead to a free and fair election in the forthcoming election in Nigeria. Social vices also seem to be reduced and experience lower patronage as the exchange of money (cash) becomes difficult.

The menace of corruption is being put under control/watch as electronic transactions will expose and make it easy to trace the source of the money and create fairness in the mind of those having the intention to involve in it. The policy also encouraged personal saving, financial discipline, and saving extravagant expenditures in the life of an average Nigerian.

The federal government’s recent strategic move during the last presidential broadcast by the president and other relevant stakeholder interventions are highly appreciated and encouraged to be sustained for a better Nigeria.

In addition, the central bank of Nigeria should ensure the federal government directive on making available the old N200 note denomination released to the public is strictly carried out quickly to quench the demand for it.

The telecommunication service providers under the good supervision of the Nigeria Communication Commission (NCC) should ensure stable telephone networks to support the federal government’s transition to a cashless system and the improvement of the effective power supply.

This is a call to all Nigeria and the relevant stakeholders to bear the pains now and support the government for a better tomorrow, better change comes with hardship but be right assured that after every hardship ease follows.

Abdulmalik Saidu (Kupa) wrote via Saiduone.com@gmail.com

Sponsored

Discover the latest trends on Temu! Shop mobile phones, fashion, beauty, home essentials & more. Start exploring now!


Click here to learn how it works.

Sponsored

Unlock AI's potential! Get top prompts for content, blogs, social media, research, draft proposals and more. Boost creativity start using AI tools today!


Click here to learn how it works.

Sponsored

Start Affiliate Marketing Today! Learn step-by-step how to set up a blog, find programs, create links, and earn money—beginner-friendly guide inside!


Click here to learn how it works.

Sponsored

Join our FREE WEBINAR! Discover the 3-step formula to turn WhatsApp into a cash-generating machine. Sign up now and start earning!"


Click here to learn how it works.

Sponsored

Master Facebook Ads! Learn to set up Business Manager, run campaigns, optimize budgets, and drive sales. Start your journey to ad success today!"


Click here to learn how it works.

Sponsored

Unlock your confidence and attract the love you deserve! Learn how to become irresistible to women—start your transformation today!"


Click here to learn how it works.

Join Daily Trust WhatsApp Community For Quick Access To News and Happenings Around You.