Cash Scarcity: Abuja traders lament low patronage

Abuja traders and customers in the Federal Capital Territory (FCT), Abuja, have lamented the low patronage and high prices of goods.Information Guide Nigeria

According to PEOPLES GAZETTE, one of them, Aliyu Isa, a meat seller at the Wuse market, described the low patronage as worrisome.

“I have been coming here to sell cow meat on a daily basis, but the turnout has not been encouraging, so I decided to stay at home for some days. In spite that the holidays are over, business has not been very good. Things are yet to pick up,” said Mr Isa.

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Bello Bello, a vegetable seller, said: “Vegetables are not goods you can keep for long, and they are supposed to be consumed fresh. Some customers still complain of lack of cash and high charges in accessing cash from the point of sale (PoS) operators, making it difficult for them to patronise me,” Mr Bello said.NYSC Portal

A customer, Elizabeth Smith said besides poor e-transaction, high PoS charges were responsible for low patronage from customers.

“I could not buy anything in the market because the PoS charges were too high for me,” she said.

PEOPLES GAZETTE, reports that another customer, Angela Agbo, reiterated the need for relevant authorities to check PoS operators’ activities and make more cash readily available to Nigerians.

She said: “I know that the Central Bank of Nigeria (CBN) has given a directive to PoS operators to return to their normal charges. However, some of them still take advantage of the cash limitations.

Ms Agbo added, “When we had cash issues, most goods went high, especially when you want to make a transfer to a vendor. We expected that things should go back to normal after the pronouncement by the CBN. For example, meat sellers increased their price from N2,000 to N3,000 per kilogramme with the excuse of lack of cash.”

Also, a PoS operator in the market, who spoke on the condition of anonymity said, “I believe that if the CBN can provide enough money for PoS operators, everything will be fine again,” the operator said.JAMB Result

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