Lincoln Shevy - Shine (EP)
The current naira scarcity in Nigeria has affected everyone in different ways. With the government’s deadline for the acceptance of old notes and the limited circulation of new notes, people are scrambling to find ways to access cash.
From those who don’t have any money to those who are hoarding it, the scarcity has brought out a range of reactions. Let’s take a closer look at the 5 types of people during this difficult time.
Those Who Don’t Have Any Money In The Bank And At Hand
These are Nigerians who are already broke and don’t have access to money in any form. They are the most affected by the scarcity and have the hardest time making ends meet.
Those Who Have A Naira Plug
These Nigerians have connections with those who work in the Central Bank or Banks and have a steady supply of new notes. They are able to access cash more easily than others and are less affected by the scarcity.
Those Who Wake And Sleep At The ATM
This group includes those who operate POS machines and have become the overlords this season. They wake up early in the morning to queue for money and then disperse it to others at high prices.
Those Who Are Desperately Looking For Money
These are the cash-strapped Nigerians who spend a lot of money every day and are now facing a difficult time. Their bank apps may not be working, and they have money, but they can’t spend it. This has left them in a desperate search for cash.
Those Who Are Hoarding Money
These Nigerians have withdrawn large amounts of money through their plug and are still complaining about the scarcity of the naira with everyone else. However, they are still hoarding cash and not making it available to others.
The current naira scarcity has affected everyone in different ways. From those who don’t have any money to those who are hoarding it. With the government working to address the issue and new notes slowly becoming more widely available, hopefully, the scarcity will soon come to an end.
