Quote from: cryptobest4all on January 01, 2024, 09:01:23 AM

👉👉Cashless policy
The transition of old to new Naira notes created a tidal wave of anxiety and unrest for citizens. The cashless policy almost turn the rich to look like a poor. A season whereby you have enough money in account and have no money in hand to spend. During this period alot of people loss their lives as most hospital demand for cash on treatment in which victim may not be able to provide.

👉👉Fuel subsidy removal
The removal of fuel subsidies led to a staggering increase in fuel prices, profoundly impacting the cost of living. The increase in price of petrol really make lives more difficult for the citizens as their is increase in price of most goods and services.

I think most problem we encountered is lack of understanding and not taking advantage of any situation and silent ugly incident. If Nigerians citizen were able to accept transfer for buying and selling of goods there wouldn't be need for the scarcity of money to be noticable. I think there are many medium of transaction apart cash we still have direct bank transfer or crypto currency payment for those who accept crypto. But the moment we chose to Chanel our energy on a single medium of exchange the more problem we put ourselves.

No doubt the government has not play a good role but sometimes we need to coordinate ourselves in some certing things and not blame government for our failure. During the time of scarcity of money I have gone to so many shops to buy things and they were saying that they don't accept transfer except cash. And even if you want to transfer you will still add charges to it and the charges will be equal to withdrawal charge. Is that not wickedness in higher order? So my question now is that did government ban transfer since there were scarcity of cash? Because they were doing as if there was a ban place on bank transfer that made them to add charges to goods purchased. So I think most of those problems were cause by we the citizens. The part federal government did not play there role very well was the part that they didn't make it a gradual process but made it so sudden. What they would have done is to receive the old not from its citizens from bank
And supply more new Naira notes to the bank and gradually the old Naira notes would have disappeared silently but they rather chose to do it there way without considering how it will affect the masses.
👉👉Economy downfall and inflation
The year witnessed a significant downturn in the economy with the Naira experiencing a dramatic fall in value. This also has caused an increase in price of goods and services. Making the country difficult for most citizen.

Although, 2023 was full of challenges but I'm glad we all made it through. Congratulations to us all and wishing us a fruitful and prosperous new year.
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