Naira Scarcity: Sales Of Made-in-Nigeria Goods May Drop 25% – MAN Business
“To be clear, there is no doubt that the currency redesign is desirable; there are socioeconomic and political imperatives for the change.
“The negative impact it portends for local producers, the agricultural and distributive segments of our economy is huge. Ajayi-Kadir cautioned that adequate measures should be put in place to ensure a smooth currency transition, particularly in the unbanked areas of Nigeria.According to him, there is need for strategic communication and joint operations to ensure widespread and sustained availability and circulation of the redesigned naira notes.
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