Author unveils blueprint for Nigeria’s cashless economic transformation

Joe Dada, a Nigerian author and management professional, shared insights on transitioning Nigeria’s economy from cash-dominated to cashless in his new book titled ‘Cashless Economy: Evolution and Execution.’

The cashless policy was introduced by the Central Bank of Nigeria in January 2012, initially implemented in select states and later nationwide in July 2014. The policy aimed to address concerns regarding the high percentage of currency in circulation outside the banking system, which contributed to inflation, corruption, and kidnapping.