Naija People Dey Suffer: Naira Scarcity Waka Nationwide
Few days inside Christmas and New Year celebrations, wahala don land again for Naira notes scarcity for Naija.
Dis one happen despite the Central Bank of Naija (CBN) yarn say dem get enough Naira notes.
Just like last year December and the first quarter of 2023 wey the Naira redesign policy scatter everywhere, Naira notes scarcity don show face again and e dey vex Naija people.
As e be for Monday, the ATMs for many Deposit Money Banks (DMBs) no dey gree release cash or long queues dey dia.
We hear say DMBs don set limit for how much pesin fit withdraw, na from N20,000 to N50,000.
Transaction fees for Point-of-Sale (PoS) don double because of Naira scarcity. PoS charges don reach N200 for every N5,000 for the nation’s capital, and e be like say e dey happun for everywhere for Naija.
CBN dey blame the Naira scarcity on people wey dey waka go withdraw plenty cash from different CBN branches.
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CBN talk say no scarcity, say dem get enough Naira, but as e dey happen for ground e be like say CBN and the people dey see different things.
For June, CBN talk say the money wey dey circulate na N2.60 trillion from N982 billion for March 2023.
One person talk say CBN excuse no make sense, say the real scarcity dey and dem suppose print more money.
PoS people talk say e hard dem, say na local arrangements dem dey use to get cash. The charges for PoS don even increase wella so dat dem no go run loss.
For June, CBN talk say the money wey dey circulate na N2.60 trillion from N982 billion for March 2023.
One person talk say CBN excuse no make sense, say the real scarcity dey and dem suppose print more money.
PoS people talk say e hard dem, say na local arrangements dem dey use to get cash. The charges for PoS don even increase wella so dat dem no go run loss.
Another person talk say communication no good between CBN, banks, and people.
E talk say the current CBN management no print new notes based on policy matter. People wey dey hoard money na im cause the scarcity, and some still believe say old notes go waka comot this month.
E talk say CBN suppose do better communication so dat people go sabi say dem get enough Naira.
You fit go read di tori of Naira notes scarcity for Naija…READ MORE
