The rationality behind cashless policy in Nigeria

Below are the reasons why Nigerian government imposed cashless policy across the country 👇

To reduce the circulation of physical cash across the country, 

To make sure that, politicians do not use money during rally and duration elections respectively,

To generate more revenue to the Federation account, 

To minimise the monster of Bribery and corruption across the country, 

To help to embrace Internet transactions across the country, 

To control the entire economy and develop the national economy respectively, 

To make sure that all the transactions are on record for easy investigation. 

To mitigate the existing crime rate, examples, kidnapping banditry , to make sure that kidnappers do not request money as ransome,

 Above are some of the reasons behind the cashless policy.