**Cash or Cashless - Nigeria living with the Consequences of Adamancy**
Cash fuel crimes and corruption while the transparent footprints offers by Cashless discourage both and much more for a peaceful and secure society.
Nigerian adamant on cash economy and reaping the consequences of our choices - Woro community massacre as a Casestudy.
Nigeria's brief experiment with a cashless policy in 2023 yielded remarkable results, showcasing the potential of digital transactions to curb insecurity and promote financial inclusion.
The policy, introduced by President Muhammadu Buhari, disrupted cash-for-ransom activities, forced criminals to abandon cash, and even led to corrupt officials and security agents giving up their illicit activities.
**Achievements of Buhari's Cashless Policy:**
- *Distrupted Cash-for-Ransom Activities*: Cashless policy made it difficult for criminals to use cash, disrupting their operations and crippling their ability to fund terrorist activities.
- *1. Criminals Abandoned Cash*: Bandits and terrorists discarded cash as it became unusable, reducing their ability to operate and plan attacks.
- *2. Corrupt Officials Abandoned Cash Hoards*: Officials who hoarded cash from bribes abandoned it, fearing detection and prosecution.
- *3. Security Agents Abandoned Roadblocks*: Corrupt security agents stopped extorting money at roadblocks, as cash transactions decreased.
- *4. No Criminal Accepts Cashless*: Cashless transactions leave digital footprints, making it easy to track and arrest criminals 👮.
**Aims and Objectives:**
- Reduce cash-related crimes, such as banditry and kidnapping
- Promote digital transactions and financial inclusion
- Enhance security and accountability
**The Cash-Crime Nexus:**
The Woro community massacre serves as a stark reminder of the consequences of relying on cash.
Bandits and terrorists thrive in cash-based economies, using it to fund their nefarious activities. In contrast, cashless policies disrupt their operations, making it difficult for them to survive.
**Impact on Nigerian Security:**
The cashless policy demonstrated its potential to improve security, but its reversal has led to a resurgence of crime.
Nigerians must weigh the benefits of cashless transactions against the risks of reverting to cash-based economies.
**Recommendations:**
- Revive and strengthen the cashless policy
- Invest in digital infrastructure and cybersecurity
- Enhance public awareness and education on cashless benefits
- Enforce strict regulations against cash-related crimes
**Conclusion:**
The Woro community massacre serves as a painful reminder of the consequences of choosing cash over cashless security.
Nigerians must decide whether to endure the insecurities of cash or embrace the safety and accountability of digital transactions.
It's time to choose a safer, more secure future.
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