The Solid Solutions

Sometime in August 2016, Nigerians woke up to the news that three Citizens have been declared wanted by the Nigerian Army in connection with the Boko Haram and Chibok saga. Surprisingly, two of the three wanted persons reside within kilometres of the Nigerian Army Headquarters. To cap it off, One of the wanted persons reported to the Nigerian Army that evening only to be told to report the next day. The rest is history...... In the last twenty-four hours or thereabout, the Nigerian media has gone agog with another bizarre news. There was a co-ordinated, simultaneous, 'osama bin laden-esque, abbottabad-style' invasion across the federation. One would have thought however that the operations were to capture Abubakar Shekau, instead Nigeria's secret service (SSS) went on rampage arresting high ranking judicial officers. The SSS has subsequently released a statement explaining and justifying its actions. Unsurprisingly, as is always the case, the war against corruption h

On January 1, 2012, the Cashless Economy Policy of the Central Bank of Nigeria (CBN) kicked off. A large volume of literature has been circulating, analysing and criticising the Cashless Economy Policy. This gives us a poser as to what a cashless economy means and why we actually need a cashless economy. Firstly, we need to understand the nitty-gritty of cashless economy before we can relate it to the Nigerian economy hence proffering solutions as to what makes Cashless Economy Policy effective locally. A cashless economy is one where purchases and transactions are done mainly by electronic means and seldom by cash. This does not mean the total abolition of cash from the economy -as this is impracticable- it means cash will still be spent and acceptable widely but there will be a reduction in the heavy usage of cash and an increase in the use of alternatives to cash due to the negative consequences of cash usage. THE NEED TO CHANGE FROM OUR CONVENTIONAL CASH-BASED ECONOMY TO A C