Breaking News: MMM reduces crime and increase investment in Nigeria Says …
The acronym MMM is no longer a new thing to many Nigerians as over 2
million Nigerians are already in the system which they refer to as God
sent in this time of economic hardship in the country. Some would say if
not for MMM, how would they cope with the present economic hardship.
Tropage went round to get people’s views on what MMM has done in the country. Here are some of the views collated by tropage:
Reduction in Crime: People believe that MMM has
reduced crime drastically in the society. In the past few months when
MMM became popular in Nigeria, youths across the country see MMM as a
platform for making more money as such their minds are occupied on what
to do with the money generated through MMM. It is evident that the rate
of crime such as stealing, kidnapping, internet fraud, 419 etc have
reduced in Nigeria since MMM became popular among the young population
of the country
Expansion in Internet Banking: There has never been a
time that internet banking in Nigeria witness massive usage more than
the advent of MMM. Through MMM people who have never thought of using
internet banking now use it for their daily transactions thereby
reducing long queues been witness in our banking halls. According to a
reporter who spoke to tropage, he said before the advent of MMM he
spends lots of man hours trying to make business transactions in the
bank but now, he is aware of internet banking as a secured and safe
means of transaction as such all his tranfers are done through internet
banking thereby saving him time and resources.
Increase in the Use of Internet: Early November, NCC
in its Monthly Internet Subscribers Data for September says the number
of internet users on Nigeria’s telecoms networks has hit 97.21 million,
up from the 95.37 million recorded in August. This increase, many
believe could be largely as a result of MMM which is operated online as
well as the various social media platforms been created for information
and awareness on MMM. This also means that telecoms providers will also
witness massive increase in sale of data.
Increase in Telecoms Communication: In MMM, members
call one another other for transactions (To Get Help and To Provide
Help) when ever they are paired with one another. As such they
occasionally call to ascertain that such transactions will be done.
These calls happen on a daily basis to ensure that transactions are
smoothly done. As a result more airtime is needed at all times. This
may be one of the reasons we have not witnessed much decline in Nigeria
communication Sector.
Increase in Consumption Capacity: MMM has made so
many Nigerians increase there consumption capacity. MMM puts more money
into people’s hands thereby making them to consume more either by buying
assets, housing – shelter, food, clothing etc.
Increase in Saving: People who never thought they
will ever have N100,000 in their account now have more than N1,000,000
in their account – all thanks to MMM for providing the opportunity for
such wealth. According to a promoter of MMM who spoke with Tropage says
if someone has told her few months ago that she will be having over
N2,000,000 (N2m) in her bank account today, she would have thought such
fellow would have been talking to the wrong person. She said MMM has
made her to save more as she now has over N2m lying in her bank account.
Going by this, if an average MMM participant has more saving in his or
her account it means the banks will have more money for business
transaction because as a student of economics, we believe that savings =
investment.
All these and many more are the impact of MMM in Nigeria. The system has to be promoted to the fullest in Nigeria
Source: tropage
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