Part 11/11:
Nigeria’s ordeal serves as a cautionary tale about the risks inherent in abruptly sidelining cash in favor of digital currencies, particularly in developing economies with widespread poverty and infrastructural challenges. Though the goal of a transparent, efficient financial system is commendable, the path taken must prioritize inclusivity and societal readiness.
As Nigeria continues to grapple with the aftermath of its policy, the world watches to understand whether digital currencies can truly deliver on their promise or merely deepen existing inequalities. The journey of Nigeria highlights the need for careful planning, public engagement, and phased implementation in any serious move toward a cashless future.