International records / OpenAlex research

Cashless Policy Initiative and Socio-Economic Implications in Nigeria

Structural violence theory posits that social structures and institutions can perpetuate harm, inequality, and oppression, even in the absence of intentional acts of violence. This theory can be applied to the CBN’s 2023 cashless policy, which seeks to promote digital transactions and reduce the use of cash in the economy. While the policy aims to enhance efficiency, convenience, and transparency, it also has unintended consequences that affect marginalized groups disproportionately. This work will explore how the cashless policy compounds existing inequalities, creates new forms of exclusion,…