On the 1st of July Cashless policy was integrated into Nigeria.

From the media point of view,
Its implementation if properly managed should reduce inflation and curtail the illicit act of money laundering in the country. Over time monetary watchers have been of the opinion that a reduction in the huge cash manually transacted in the country could lead to a reduction in inflation rate. Besides, there is the need for the country’s monetary system to fall in line with standard practices obtained across the world which the cashless policy exemplifies.

From my point of view
1. This cashless policy would reduce the rate of armed robbery attack to individuals; of course armed robbers would know that individuals don’t carry cash at hand anymore. Don’t get me wrong, I didn’t say it will eliminate armed robbery, I said alleviate.

2. This cashless policy will save me money when buying products involving less than N5. Nowadays most supermarket sell goods for example at N98,N56, N99. Saving those petty naira is a good bargain for me.

3. I can comfortably buy the exact amount of fuel that fills my fuel tank(5044) online at www.fuelvoucher.com.ng at no extra cost without having to the fuel station with cash, card or paper.

4. I can comfortably transfer money across to other bank accounts even on weekends. I can comfortably fuel the car of people far away from me with www.fuelvoucher.com.ng at no extra cost.

5. The amount of money spent in recycling money will be curbed.

But then again?
My only ponder is how offerings will be made in church?

Feel free to contribute to this.