Currency Redesign, Cashless Policy Amidst Fuel Scarcity: Evidence from Nigeria

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Published: 2023-05-09

Page: 25-28


Rabiu Maijama’a *

Nigerian National Petroleum Company Limited, NNPC Towers, Central Business District, Federal Capital Territory, Abuja, Nigeria.

Muktari Yakubu

Examinations Directorate, Ministry of Education Bauchi, Bauchi State, Nigeria.

Kabiru Saidu Musa

Bank of Industry, 6th Floor BOI House along Maiduguri Bye-Pass Bauchi, Bauchi State, Nigeria.

*Author to whom correspondence should be addressed.


Abstract

Implementing cashless policies and redesigning currencies are important steps that governments can take to mitigate the effects of fuel scarcity. Fuel scarcity has become a major issue in many parts of the country, with governments struggling to maintain stable fuel supplies due to various factors such as climate change, and fluctuating global oil prices, this has led to increased pressure on governments to find alternative solutions for transportation and other energy needs. Government can effectively implement currency redesign and cashless policies amidst fuel scarcity, while minimizing potential risks and maximizing the benefits for all members of society.

Keywords: Currency redesign, cashless policy, fuel scarcity, Nigeria


How to Cite

Maijama’a, R., Yakubu, M., & Musa, K. S. (2023). Currency Redesign, Cashless Policy Amidst Fuel Scarcity: Evidence from Nigeria. Asian Journal of Sociological Research, 6(1), 25–28. Retrieved from https://globalpresshub.com/index.php/AJSR/article/view/1807

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