eNaira: Could Nigeria become the world’s first cashless country? | The Guardian Nigeria News - Nigeria and World News

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'In 2021, we live our lives digitally. We shop, socialise, learn, work and even date there. So why does our economic system still expect us to make transactions the same way as our ancient ancestors,' asks Rate Your Leader's JOPopoola. Nigeria eNaira

A little over a year ago, I called on President Muhammadu Buhari to make Nigeria the first country on Earth to abolish cash. Perhaps, he was listening. Last week, the President announced that Nigeria is to become the first African nation to introduce a digital currency. The said eNaira is designed to cut transaction costs…

This is the Nigeria we want to see: bold, creative, modern, capable of continental leadership – and driven by digital technology. Although old-fashioned, and will be with us for some time to come, there is no question cash’s days are numbered.But the real benefits of a digital economic system could be the ones that benefit our democratic system.

Transparency and accountability are practically impossible with anonymous and untraceable cash payments. And this has huge implications when it comes to making sure public money goes where it is supposed to go.

 

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JOPopoola Nigeria will not be anything...not during this government.

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