They’re coming for your money… And whether you like it or not, they’re going to get it. Worse, there’s nothing you can do about it. Welcome to a cashless society.
The federal government is going after corrupt politicians, bandits and terrorists. To do this, they’re going to eliminate cash.
Take it or leave, it could be President Muhammadu Buhari’s legacy for Nigeria and the last straw that will help the nation reduce corruption.
Not Something New To Us
To do this, the government is forcing individuals to go cashless. With this the government gets unprecedented access to our personal affairs.
So don’t be surprised to find that in years to come, money as you know it will be a thing of the past.
Financial analyst and stock broker, Charles Fakrogha, in a chat with iBrandTV reporter said the cashless system, as introduced by the Central Bank of Nigeria, is not something new to us as a people.
According to the stock broker, there is really nothing new about the cashless system apart from the fact that we will not be able to go about with our cash as usual.
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The cashless policy does not mean that there will not be cash exchange on some petty transactions but large transactions with physical cash might no longer be a fancy.
He suggested five ways to make cool cash under a cashless system.
Online Training Program
Online training helps individuals develop skills in a particular sphere or industry. This training is not physical as in holding a regular class within the four walls of a building. Rather, it is virtual.
In this situation, payment is via transfer into the account of the facilitator, nobody needs to obtain physical cash to make payment. It is a cool way to make money in a cashless society.
In fact, if you have cash, you might not be able to register or make payment.
At the end, the facilitator smiles to the bank.
Consulting
Another way to make cool cash in a cashless society is to engage in consulting services for firms who need professional advices on how to grow their businesses.
Consultants help organisations manage, change and solve problems so they operate more efficiently and raise profitability.
Such a consultant, would now be paid via a cheque or transfer into his bank account for his services to the organisation.
Oil Racketeering
Most crude oil racketeers have gone cashless.
It is a lucrative business, but you will need to understand how things work in this environment to be able to delve into it.
Conducting Transactions On Stock Market
Transactions in the stock market is also cashless, buyers and sellers in the market conduct their activities in a transparent form where funds can be monitored.
The stock market, though free for all had been transacting businesses for close to a decade with cashless policy.
All you need to do is link up with a stock brokerage firm and obtain an account. Afterwards, the buying and selling of stocks begins.
You will not be the one buying by yourself. Experts will guide you to ensure you make the right choice of blue chip shares.
Providing Goods And Services
Providing services to individuals who need them or helping them get the services they need is another way to make cool money in a cashless society.
As earlier stated, these things are not really new to us per say, it is just that now they are becoming more pronounced.
Services like food delivery, phones and accessories, shoes, jewelries and so much more.
Interestingly, you do not need physical cash to start these businesses.
If a cashless society will help end the era of corruption by cash rewards, would you not support it?
