Cashless Policy: Don Advocates Aggresive Infrastructure Dev

A lecturer with the Univer
sity of Ilorin, Dr  Mobolaji Abdulkareem said aggressive infrastructure development is essential for the success of the cashless policy of the Federal Government.
Abdulkareem told our corrospendent last Thursday in Omu-Aran, Kwara, that poor infrastructure could be a stumbling block to the success of the policy in some states.
The lecturer, who is the Head of Economics Department, said that aggressive development of infrastructure would ensure that the policy was embraced in all parts of the country in a short period.
“For the cashless policy to work in Nigeria, we must be able to attain a certain level of infrastructure with the adoption of the right technology.
“The way they are going about it, the policy may not work perfectly well where you have incessant power failure and low level of Internet connectivity.
“That is why the Central Bank of Nigeria (CBN) decided to start the policy in such states like Lagos, Abuja and Port- Harcourt where you have high level of infrastructure,’’ he said.
Abdukareem said that the policy had the potential to solve all problems associated with financial transactions and advised government to improve on level of education and sensitisation to achieve results.
“For me it is a good project, forget about so many negative perceptions people have come up with in terms of political statements.
“Nigerians must buy into it and for that to happen, there must be improvement in the literacy level and awareness among the citizenry.