News
Cash crunch: Petty traders, transporters device means to remain in business
An existential threat is facing petty traders and transporters as cash crunch bites harder in Nigeria.
This is as most consumers now prefer to patronise malls, established transport companies and other corporate businesses than going to the open market squares, where petty traders and individual transporters only ask for cash payment.
A journalist, Mr Tony Okafor, who was trying to avoid paying cash for condiments for the preparation of a pot of soup for his family, said he had to resort to buying the ingredient for soup in a mall.
“I didn’t know how I could go to the market to tell a woman selling pepper or fish that I want to make transfers to them, so I resorted to buying everything at Roban Stores.
“That was how I bought an ice fish that was reddish. I didn’t know such a specie of fish existed, but I had to make do with it, even though it was not my choice.
“Of course, I had to pay higher to prepare just one pot of soup, but it was better than not having food at all,” he lamented.
Okafor is not the only Nigerian involved in this. Many Nigerians have jettisoned open market square transactions because of the involvement of cash. Another journalist, Ikenna Ezenekwe shared a similar experience. The journalist, who is an Abuja resident, said he bought condiments for making soup in a mall, including stockfish, dried fish, which Igbo people refer to as ‘okporoko’.
-
News3 days ago
Family, Friends Celebrate Jailed Former Deputy Senate President, Ike Ekweremadu’s Birthday
-
Niger Delta6 days ago
Niger Delta Stakeholders Accuse Olu of Warri and PINL Management of Dishonesty Over Terminated Pipeline Contract
-
Politics3 days ago
PROPHESY TO PRESIDENT BOLA AHMED TINUBU ABOUT 2027
-
Politics7 days ago
Rivers’ crisis: Timi Frank to TInubu, APC: Wike’s illegal impeachment plot against Fubara distabilze your administration
-
Politics7 days ago
Ogbia Council Boss, Appoints Prince Isaac Amakuro as Political Secretary
-
News7 days ago
Baraza executes court order, removes properties from Becky father’s residence
-
Business3 days ago
Baraza: Bribena pleads for understanding, highlights solutions to organization’s problems
-
Business6 days ago
Wema Bank Unveils CoopHub, Nigeria’s First Digital Platform for Cooperative Societies