By Abbas Badmus
Some Nigerians have instructed the story of how the continued money crunch annoyed their efforts to purchase and preserve sufficient meals stuff at dwelling forward of the final elections.
Because of the unpredictability of election outcomes within the nation, Nigerians usually purchase a whole lot of family stuff with a plan to remain indoors in case of any breakdown of legislation and order.
Chatting with ECONOMY ON THE STREET anchor, Rahma Oladosu, a whole lot of Nigerians lamented the difficulties they skilled because of the naira shortage brought on by the federal authorities’s naira redesign coverage.
One of many respondents, who sought anonymity mentioned apart the shortage of money, incapacity to do switch additionally annoyed her market plans.
“There is no such thing as a money, the problem is just too heavy for us, every little thing I will likely be doing right here now could be switch and it is vitally tough I wont mislead you,” she added.
“To purchase meals now we discover it tough, no the place to get cash, to even get cash to move to the place to vote is a giant problem,” one other Nigerian lamented.
ECONOMIC CONFIDENTIAL can now report that the Central Financial institution of Nigeria (CBN) has determined to obey the Supreme Court docket ruling on the usage of previous notes until December 31.
Banks throughout the nation have now resumed accepting and issuing the previous naira notes and that is anticipated to enhance money liquidity throughout the nation.