Naira Scarcity: Untold Story Of Dying Businesses In Nigeria

Do you really know the extent of suffering that the Naira scarcity brought on small businesses in Nigeria?

Their trouble started when the Central Bank of Nigeria withdrew cash from the economy.

Days to the deadline, when Nigerian began to run to the banks to deposit their Naira notes, those who do small businesses also joined the rat race.

Unfortunately, they were not ready for the Naira scarcity.

This scarcity stifled their businesses that solely rely on daily petty cash in the wallets of Nigerians to survive.

One of those affected is Mrs Akinsola.

She is a baker that specialises in making snacks like egg roll, buns, fish roll and a few others in that category.

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She casts her mind back to the era before cash disappeared and shudders at how much she had lost.

Indeed, she could see how much her business had been rolled back by over 6 years.

The snacks maker shares a story of how the Naira scarcity hit her business hard.

At some point, she had to beg to survive and meet her responsibility.

WATCH HER SHORT VIDEO

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