Connect with us

Daily News

THE PERSPECTIVE OF DR. ALIYU TILDE ON THE NAIRA REDESIGNATION 

Published

on

I have been an advocate of a cashless Nigeria—or of minimum cash at least. That would be one of the greatest changes we would witness. Even for us who have seen many since the 1960s, this would truly be transformative.

The 47 days ultimatum is not an inch, but kilometers closer to that target. It is necessary from the administrative, economic and security points of view.

Even without giving the Naira a facelift, I was earlier this year advocating for a maximum cash withdrawal limit of N10,000. That would make all cash-based corrupt practices difficult, stabilize the Naira substantially, stamp out kidnapping, robbery, drugs, and many crimes. Cash is the oxygen of evil in our society. Withhold it and you will enjoy watching many criminals suffocate. The additional benefits of bringing mass numbers into the formal sector are also there.

Two things have been driving kidnapping. The GSM and Cash. Without contact with the relatives of the victim, there would be no kidnapping. And without cash available, the kidnapper is left with the option of not to kidnap at all or with the conundrum of kill-or-release, with no benefit either way. After a short while, it will be a worthless venture and abandoned.

I today run a cashless Ministry of Education and I know how sweet it is for a contractor, principal or labourer to get his FULL pay as he sits at home without suffering the risk and cost of distance. Executives can instantly receive the alerts of any deduction done. How beautiful! It is also sweet when every kobo can be easily be traced to the last beneficiary at any given time.

The CBN is right. The limited cash policy cannot not take off well unless the apex Bank smokes out the cash presently in circulation. So which way is better than face-lifting the currency? All of it will be delivered to the Bank and then it will give us the cap of limited cash to wear and the bullion van drivers can go to sleep.

It could be tasking to many though. But that is the nature of all the changes we have witnessed before. They come with initial difficulty but end with a smooth ride of progress.

The elite often cites rural folks as the would be victims, forgetting whether the masses are happier with the ongoing kidnapping for cash. The Bank is giving them a choice between cash and security of their lives. We the elites are choosing the cash for them. Haba. The shock of 1984 may not be there after all. We have 47 days, not just a week. Of course the agric sector will be hit hard being cash dependent but we will get used to it. The cash in livestock and grains markets has attracted the evil eye for long. We can not wait to block its view.

Let us wake up. Nigeria today is not the one of 1984. So many things have changed. It used to take me hours to withdraw N100 from my bank at Gusau Rd, Sokoto, in 1984. Today, one can send N10million with a tap of a finger on his mobile phone. It used to take a month to send N100 between Bauchi and Jos twenty years ago. Not anymore.

Let us embrace progress. Let us be positive about it and positive things will come. It is indeed a blessing to witness so much change in a life time. Alhamdulillah.

Dr. Aliyu U. Tilde
Bauchi
28 October 2022

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Daily News

FMR. ZAMFARA SPEAKER SCORES (229) TO DELIVERS POLING

Published

on

Former Speaker of Zamfara House of Assembly Sanusi Garba Rikiji of the APC has scored a total of (229) votes to defeat the PDP who polls (61) votes only.

His poling unit is Rumfar Galadima (013) in Gusau the capital city of Zamfara State.

As for the result of the state house of assembly in his poling units, APC scored a total of (232) to defeat the PDP who polls (51) votes.

Rikiji is currently the house of reps candidate for Gusau and Tsafe in the 2023 election, whose election was declared inclusive by the Independent National Electoral Commission (INEC).

He is contesting the seat together with the serving members Kabiru Amadu Mai Palace, who is from the opposition PDP.

 

Continue Reading

Daily News

CHAIR ZBIRS, WORKS COMMISSIONER, DELIVERS POLING UNITS

Published

on

The Chairman of Zamfara State Board of Internal Revenue Service, Ali Akilu Dama Bungudu has also delivered his poling unit.

His party the APC scored a total (173) to defeat the PDP who scored (111) votes.

Similar votes were also recorded for both political parties at the level of State assembly elections.

Similarly, Zamfara State Commissioner for Works Rabiu Garba Gusau has delivered his poling units with a wide margin to defeat the PDP.

APC scored (96) votes to defeat the opposition People’s Democratic Party, which scored (16) votes for both the Governorship election and state assembly for Gusau (1) at his poling unit.

Continue Reading

Daily News

SHA’AYAU S. PAWA MAFARA SCORES (502) VOTES TO DEFEAT PDP WITH ZERO VOTE.

Published

on

A political ally of former Governor Yari Sha’ayau Yusuf S. Paws has defeated PDP in his Township Primary school poling unit in Talatar Marafa local government area of Zamfara State.

According to an official result sheet, the politician who is a member of All Progressives Congress (APC) scored (502) votes to defeat the PDP who scored (0) votes.

The politician has made history since 2015 by maintaining the only poling units which opposition party has never won a single vote during election.

He repeated the same history during the 2023 Presidential and national assembly elections conducted three weeks back, when PDP failed to score a single vote.

Continue Reading

Trending