The twin challenges of Naira and fuel scarcity, one holding on to the other like Jacob to Esau’s heel, is a bitter pill to swallow. Days have gradually turned to weeks, weeks into months, and the sting of the scarcity of the new naira notes continues to be a thorn in the flesh of the large populace whose daily survival depends on it. Access to the new notes has been a herculean task; withdrawing the stipulated cash withdrawal limit requires an excruciating amount of effort. Black market merchants of the Naira, such as Point of Sales (POS) agents, have greatly multiplied their charges on withdrawals and deposits. How are we using the Naira to purchase Naira in our own country?

Source: Nigerian Tribune February 13, 2023 19:29 UTC