Hi! guys? I’m Shakiru Owolabi, an average guy with flare for writing. This blog site is dedicated to issues relating to government and economy matters among others.
In Nigeria, where I come from, looking back to around 1992, prior to the introduction of Automated Teller Machine (ATM), we are used to queuing up in bank halls to withdraw cash from our accounts or deposit money into it. The stress is better imaginable particularly during workers salary payment period. You can imagine the rowdy and sometimes the stench smell of clothes worn by Artisan customers that come to cash cheque.
Virtually all Nigeria and largely Africa economic activities are cash-based. The only exception is, bank cheques issuance in business-to-business (B2B) transactions.
But now, e-commerce transaction is gradually replacing the obsolete cash economy with cashless transactions. Starting with the ATM where you slot in your electronic card punch the button for the amount you want and cash your money. And now, the the government is forging ahead through the Central Bank, to minimize the cash-base economy syndrome. I’m so exited by the government drive in this direction and feel motivated to make an in-put towards archiving that aim.
The urge to be part of the enlightenment campaign, to sensitize people using this medium becomes an imperative for me to inform people on the need to do away with cash payments. Cashless payment culture in Africa and Nigeria in particular, is long overdue.