Village king develops own ‘currency’ to drive economic empowerment in his community but how far can it go?

  • A Kwara village king has developed a unique currency for his village after visiting abroad and seeing the same
  • He believes the currency will help bring empowerment to his community and help deepen financial inclusion
  • Although questions have been raised by the government, he has been able to prove that it is for the good and not to become powerful

A Nigerian village king, Ademola Ajibola of Ijara-Isin, a community in Isin Local Government Area in Kwara South Senatorial district has been reported to have created a means of exchange for his community in an effort to boost economic activities.

According to Premium Times, Ajibola came up with the idea after his visit to the United States where he witnessed vouchers being used as a means of exchange in some factories.