First off, people confuse and interchange Naira redesign with cashless policy. They're not!

While I wholeheartedly support the CBNs Naira redesign I'm vehemently against the cashless policy. India tried that cashless experiment and failed, woefully. No Western country forces their citizens to go cashless, non. Such initiative is encouraged so it can be willingly adopted, not forced. Never forced!

This is my experiment, I believe everyone who's currently in Nigeria can participate.

Go out of your houses, out of your gates, to the streets or markets. What do you see?

Let me tell you what you most definitely see. The capital city, Abuja, for example right now is looking so dry one will think there was a compulsory holiday. Economic and social activities are at half swing. Everything is either slowed down or totally at a stop, leaving only the most necessary activities in motion.

That's the result of cashless policy in any and all countries' social and economic life. Especially a developing country like Nigeria. Especially!!

CBN better release enough money after the elections so things can go back to how it was, this thing will not work, it's a gradual and self-willed thing.

It is CBN in an attempt to hide their failure decided in a knee jerk reaction to their failure decided to start calling it cashless policy, the original plan was for it to be a cash swap even if the total money received was not to be equal to the amount given it, it was still meant to be a cash swap.

LocalStandard1:
First off, people confuse and interchange Naira redesign with cashless policy. They're not!

While I vehemently support the CBNs Naira redesign I'm wholeheartedly against the cashless policy. India tried that cashless experiment and failed. No Western country forces their citizens to go cashless, non. Such initiative is encouraged so it can be willingly adopted, not forced. Never forced!

This is my experiment, I believe everyone who's currently in Nigeria can participate.

Go out of your houses, out of your gates, to the streets or markets. What do you see?

Let me tell you what you most definitely see. The capital city, Abuja, for example right now is looking so dry one will think there was a compulsory holiday. Economic and social activities are at half swing. Everything is either slowed down or totally at a stop, leaving only the most necessary activities in motion.

That's the result of cashless policy in any and all countries' social and economic life. Especially a developing country like Nigeria. Especially!!

CBN better release enough money after the elections so things can go back to how it was, this thing will not work, it's a gradual and self-willed thing.

9jatriot:
It is CBN in an attempt to hide their failure decided in a knee jerk reaction to their failure decided to start calling it cashless policy, the original plan was for it to be a cash swap even if the total money received was not to be equal to the amount given it, it was still meant to be a cash swap.

Yes cash swap is the word, cash swap should be the modus operandi and priority, not cashless nonsense. It won't work here, it won't walk anywhere. Quote me with facts!

The countries with the most currencies in circulation are those top countries economically and developmentally, why's that? Cause they know cashless is nonsense no one wants to try forcing it.

So they use the IMF and World Bank to advise and make developing countries go for the forceful tyrannical, totalitarianism first so they under study the fallouts. Mind game!

They then tell you it modernization, civilization and very woke. Then you cave in!

Nigerians will soon go back to trade by barter before they accept cashless policy fully. Quote this comment two years from now.

Agbado urchin on the loose🤣🤣🤣🤣

haffaze777:
Agbado urchin on the loose🤣🤣🤣🤣

This is my opinion on the new currencies, which I vehemently support, as I wrote here. I am so OBIdient I have Peter Obi's Picture as my profile pic.

But this isn't about Naira redesign but cashless policy, learn to read and understand. You don't need to be first to comment, seun will not pay you for that.

https://www.nairaland.com/7543932/new-200-naira-note-most

https://www.nairaland.com/7545603/simplest-way-know-obidients-actually

Nigeria will be the last country on earth where cashless policy will work. Is it with all these epileptic networking services and erratic power supply we want to go cashless? Especially at this period where IT personnels in the banking industry are leaving the country in droves. By the time people's hard-earned money begin to hang during transit (wire transfer) and get trapped nowhere for days without reversal, nobody will teach anybody to revert to cash payment system.

kernniejay:
Nigeria will be the last country on earth where cashless policy will work. Is it with all these epileptic networking services and erratic power supply we want to go cashless? Especially at this period where IT personnels in the banking industry are leaving the country in droves. By the time people's hard-earned money begin to hang during transit (wire transfer) and get trapped nowhere for days without reversal, nobody will teach anybody to revert to cash payment system.

I wrote about this sometime ago, it has already started happening even Nairaland took a post like that to front page.

https://www.nairaland.com/7552310/nigerians-lament-bank-app-crashes

https://punchng.com/nigerians-lament-bank-app-crashes-as-transaction-failure-persists/?

LocalStandard1:


This is my opinion on the new currencies, which I vehemently support, as I wrote here. I am so OBIdient I have Peter Obi's Picture as my profile pic.

But this isn't about Naira redesign but cashless policy, learn to read and understand. You don't need to be first to comment, seun will not pay you for that.

https://www.nairaland.com/7543932/new-200-naira-note-most

https://www.nairaland.com/7545603/simplest-way-know-obidients-actually

You're agbado urchin joo