Things You Need To Know About The Lagos Smart Card
The ‘M’ pillar of Governor Babajide Sanwo-Olu’s T.H.E.M.E. agenda stands for “Making Lagos a 21st-century economy”, to rank at par with others in the comity of prosperous nations. These include a technology-driven financial inclusion that will promote a cashless economy with the deployment of information technology.
To this end, the LASG has introduced a renewable smart card that will serve various purposes including a form of ID, an electronic wallet, and emanating from a database of every resident. At a glance, It is the first of its kind in West Africa, a card that serves multiple purposes and discourages people from having multiple identities.
A multipurpose card on which the holder’s identity will reside. The card comes with financial inclusion that will enhance the CBN’s cashless policy with the capacity to make Lagos a 21st Century Economy. Has five years validity before renewal.
It will be used for access to Lagos State government services like Education, Healthcare Transportation e.t.c. Lagos Pensioners (holders of the card) have special recognition and will pay less for services when using their LASRAA card. It comes with a wallet domiciled with Sterling Bank Plc. Cardholders will never be stranded as Sterling will provide advances for their purchases even when the card is empty.
It will enhance security in the State. Maintaining a database of residents means everyone is recognized by the system and can be traced in case of any breach of the law. A law to be enacted to discourage and penalise false registration for the card. The state will collaborate with groups and gatherings of people in the state to ensure adequate capturing of Lagosians in the scheme.
