The issue of naira note redesigning and the policy to make the old naira note not useful has so far caused a lot of damage in my country. Last week, the Nigerian president addressed the citizens stating clearly that the #500 note and the #1000 note are no longer legal tenders. This news caused a lot of angry Nigerian youth to start destroying banks and another financial institutes, protesting on the streets, and destroying some properties related to the government. I have mentioned before that if there is a proper circulation of the new note the government wants us to start using, there shouldn't be any problem but no, there is no available cash for the masses. Just limited cash in circulation has so far affected even feeding so many families. Yes, I strongly support a peaceful protest whereby we express ourselves hopefully, our voices can be heard but instead of a peaceful protest, some people crossed boundaries by destroying things and even stealing in the process.
Some days ago, a bank manager not far from my home was killed in the office by an angry Nigerian youth. These guys burnt down the bank building and the manager died in the process. His death further caused other violence in the community, there were gunshots everywhere, and people were running away for their dear life. Schools were forced to shut down immediately and I was so worried over my kids out there, glad they were brought home safely later in the evening that day after the state government deployed Armies to salvage the situation.
The problem with the lack of fiat is a pretty long one over here. Traders are in a bad market because of this. There is a very bad network for bank transfers and this has caused a lot of traders to stop accepting transfer and it's just a few of them that uses the card for payment of goods. So if you don't see where to use a card for payment, you can't buy anything. Even little transportation fee to the market is becoming a nightmare. There has been lots of trekking because of no money, and the unnecessary stress we are going through. A woman in my street was crying 😭😭, weeping over the lack of money to buy food for her children. Of course, she has little money in her bank account but has no access to it and so the hunger she is facing with her kids
My husband spent 2days queuing in the Bank hall just to get #15,000 ($9). After two days in the queue, the bank could only give him $9 to use out of whatever balance he has in the bank. People spend most of their days queuing in the bank nowadays just to access cash. It's indeed terrible here nowadays 😔
The presidential election is in 3 days. The president said that the scarcity of cash is also to curb the politicians from buying voters with money. News reaching to us again is that before and after the election, there may not be a network to avoid any possible cash transfer as well by the politicians. Well, we are all crossing our fingers to know where all these dramas are leading us to.
If you see a Nigerian this time, please give that person a warm hug, we are going through hard times, and we need help indeed.
THANKS FOR READING!!!
Whatever happening in Nigeria it's quite expected. And the government of the country is the reason behind the scene. In the current time controlling the violence seems impossible and the violence is natural in such kind of situation.
Feeling sad for the situation but nothing we can do..
Indeed, the government is behind the whole thing and I think they realise how bad it has been and reverse a little bit. However, I only wish we can get help in a time like this
For the past three weeks I've not had access to the new notes and banks in my side are completely shut down. I didn't even bother because the last time I went to hustle for the naira. I ended up sick till now. May God just heal our land
Oh my goodness 🥲🥱
I am so sorry to hear about your health
It's well with us
The stress has been horrible
God heal our land indeed
Indeed indeed, how are the kids?
They are good
Everyone is feeling the heat
I'm frustrated honestly, I'm sick and it was a nightmare to get drugs until a friend came thru.
Wooot 🥱🥱🥱🥲🥲
This is bad
So sorry sweetie
We will come out strong
hugs🤗
I was lucky to find a POS with cash yesterday after much pleading, though they were only able give me 2000 naira. And I paid 600 naira for it because I really needed cash to cook. It is really getting out of hand and something should be done quick.
Hmmmm
Imagine loosing your hard earned #600 just to access 2k
It's well oo
It's really bad. But I had no other options. Make hunger no kill me.
It is time to wake up, and people should start using Hive, in all the world around.
Exactly, that are the problems Crypto like Hive try to fix.
But, the shops should start accepting Hive too, and people should quickly start learning and earning here, to be able to survive, and have a nicer and greater future, for family's and kids.
Please,spread the words, knowledge and teach the people about Hive, and how to use it. I do the same, but in Serbia.
Wow....this is a great idea and yes, I have been spreading the news about hive. I wish we can pay for good using crypto ..at least it will save us from unnecessary network issues all the time
Hmm, my sister, it's really unbearable and not funny anymore, you have said it all, one of the reasons why I advocate leaving this country, recycling old leaders does not change anything but rather worsens the whole situation. May God help us in this trying time. I'm fed up.
My dear
I am eagerly waiting for the election result
It's well with us
Welcome to Nigeria, where you use money to buy money🚶🚶🚶
lolz naira having a black market
Lol
Big time val.
Lolz
Hahaha 😂🤣🤣🤣
Bro, please waybill some cash to me please 😍🤣
Lol, for where you see the cash nii? Na cashless policy we dey run now.
Hahaha 😂🤣
God help nigeria. It is well. Imagine 9$ after the queue and the stress.
Hehe.
Let’s see what will happen after the election.
All fingers crossed
May God help us my dear
I wonder where the country is heading to where we still suffer to get our own money where we kept it even using money to buy money again
It worth wondering my brother
But we gat to keep hope alive
Sure keeping the hope alive for a better day
Well, it's really not easy for anybody this period.
I'm even more scared as to how families survive in this period because I know what I go through even as I stay Alone... It's well
Pushing enough cash in circulation will destroy the whole idea the CBN governor had based on the various conversations I've had about this particular New Naira Note issues but then it's just that he didn't actually make plans of the challenges that would come with the new policy..
The policy doesn't in anyway affect vote buying because these politicians just need to make call to the bank manager nearest to them and the whole cash in the bank will be with them with no stress.
It's just multifactorial sha
Try and open a Kuda or Opay Account atleast to escape the bank network issues atleast if you can
We'll survive together my best aunt 😌
Awwww
So nwa is back to hive
Great.....are you home now?
Thanks for another insight on this, I have to look into this opay cos it's no longer funny
We will survive shaaa even though it's so annoying here
No, my polling unit is here in school so I'm not travelling.... It's just a week break for us though do I decided to see this place within the break 😀
I can see you have been blasting everywhere 😅
It's annoying everywhere actually, we just have to explore better options to ease our anger
It's well
Hahaha 😂🤣
I have to pour my anger here and I am relieved now..lol
Wow ..stay safe in school oo
Be at alert
Alright ma
My dear oooo. This Naira issue is really running is rags. It's so inconveniencing to have money in bank, but nothing at hand. It gets worse when MTN plus mobile banking apps decides to also get in the way. Hmmm. We really need help in this country
The network issue is the worst of it all
Anyways let's see how it will play out👌👏
Well written
Thank you
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The chaos that's going on with the Nigerian currency is truly frustrating! I feel bad for you who live there and have to suffer the issues of the foolish bureaucrats.
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