My Encounter with Some Nigerian Press Today - I Shared My Thought About the Current money issue in our Country

If only the Nigerian government will work on the reports from the masses generated by the press so far, then we may expect a positive change. I'm glad to see many Nigerians who are bold enough to speak up🗣️, without fear of anyone. The issues with the new Nigerian notes on poor circulation and its effect on the people have been trending on social media. People Have been expressing how bad the situation has been since the redesigning policy began and the end use of the old Naira Notes. The CBN later extended the deadline for the use of the old notes to 10th February 2023. So apparently, they have been seizing every old note they receive in the bank hall without releasing much of the new notes and this made things difficult for the people.

I wouldn't blame Nigerians, this is a new implementation and people are yet to adapt to it. However, not all traders accept bank transfers for a business, they prefer cash otherwise, they won't release their goods. For the ones that will accept bank transfers, most times there is always not a good network for a successful transfer, making buying and selling more difficult. We still need physical cash even with the cashless policy the government wants to embark on. Short-distance transportation fares and other minor transactions don't necessarily need a transfer.

Scarcity of fiat, people making transfers to the traders who agree to accept that

Well, the effects of the scarcity of fiat currently have made a lot of people lose their precious money just to have access to cash. Take for instance, if you want to withdraw #10,000 (about $14), you will have to pay charges of #2,000 ($3) to have the money via POS. Imagine losing $3 just like that in this harsh economy. Most times, getting the money (cash) is like searching for gold. If you've been to the bank you'll know how hard it's to get cash nowadays. POS people also pay charges to get cash from the bank, can you imagine that they also buy money from big businessmen in the market, and then resell it to others at such high charges (money to money business)? In my opinion, we can't blame the POS people, Government is the one that what us to suffer. This is not the first time currency was changed, we never suffered like this before, So their deadline is the problem. No point in having a deadline, let both notes coexist till the old note vanishes completely. Well, I hope this drama will end soon because I am yet to know where it's leading us to.

I made sure to express myself and let the government hear my voice, hopefully, they will act on it.
I was also interviewed on the forthcoming Nigerian election...

The presidential election is coming up on the 25th of this month. I express my readiness for the voting exercise by having my PVC (permanent voters card) and I wish that a good number of Nigerians will take responsibility by exercising their civil rights come 25th, February 2023.

This Encounter was videoed and recorded and if I get to watch it on Television, I promise to Capture myself speaking and post it here on hive, a beautiful idea from @sayee moma😇❤

Let's speak up when the opportunity presents itself, who knows it might favor us.

THANKS FOR READING!!!
PLEASE NOTE ALL PICTURES ARE MINE