A Cashless Nigeria

SIM Registration And Cashless Nigeria

Nigeria is moving ever closer to a cashless economy.  They have registering the SIM card of every mobile phone.  And now they are linking the SIM registration and the owner of the phone through their biometric registration.  Their goal is to track every monetary transaction, the buying and selling, in Nigeria.

Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. Revelation 13:16-17

The Nigerian Communications Commission (NCC) has successfully uploaded more than 110,433,976 registrations to its back-end facility. This has provided the nation with the highest and most credible biometric data ever collected under one roof in Nigeria.
With clear indications of multiple registrations, even if the commission’s efforts at cleansing and harmonising the data yield figures close to 60 million authentic and verifiable registrations, it sure will still provide a big backbone for the cashless society envisaged by the Central Bank of Nigeria (CBN).
If we consider that most people using mobile phones engage in monetary transactions, we may not need a soothsayer to predict that the figures will be a good representation of both the banked and the unbanked in Nigeria, and that they will invariably belong to the class of Nigerians who will play in the emerging cashless society.
It is therefore predictable that the cashless Nigeria, envisaged by the CBN, would depend largely on registered SIMs as the most credible and verifiable pool for secure transactions.
http://www.leadership.ng/nga/articles/29797/2012/07/15/sim_registration_and_cashless_nigeria.html