Politics
Nigerians React As Grassroots Farmers And Traders Cries-Out Frustrated Over Prolonged Cash Shortage Impacting Businesses (Details)
Several grassroots farmers and small traders are expressing frustration due to the prolonged cash shortage in the country, noting that it has significantly impacted their businesses….CONTINUE READING....KINDLY READ THE FULL STORY HERE▶
Individuals engaged in farming and trading, who shared their experiences with Nivo News, revealed that they have opted to avoid keeping their money in banks to prevent it from becoming inaccessible.
Associations representing small and medium-scale enterprises emphasized that the persistent cash shortage would undermine the government’s initiatives to promote financial inclusion, particularly at the grassroots level.
A farmer from the Igboho area of Oyo State, Mr. Dele Bamigboye, lamented, “Many buyers of my farm produce have not paid because they claim they cannot access money from banks. This is affecting my business, as I operate on a cash basis and currently cannot access my funds.”
Another trader in the Ogidi area of Ilorin, known as Mama Kudi, stated, “I am only selling to those who have cash to pay because I cannot access cash from Point of Sale (PoS) machines, and banks are limiting their cash distribution. I need cash for purchasing goods and conducting transactions, so I am not depositing money in the bank.”
Despite assurances from the Central Bank of Nigeria about sufficient cash in the economy, Nigerians continue to bemoan the scarcity of cash, with many ATMs lacking funds and banks restricting over-the-counter cash services.
Commenting on the adverse effects of the cash shortage on the drive for financial inclusion, Dr. Femi Egbesola, President of the Association of Small Business Owners in Nigeria, expressed concern. He remarked, “The confidence of individuals trying to structure their businesses and deposit money in banks is eroded, especially during this festive period. Micro-businesses heavily rely on cash for daily transactions.”
Solomon Aderoju, Vice President of the Nigerian Association of Small and Medium Enterprises in the South-West Region, highlighted that the cash crunch would impact the confidence of grassroots individuals in the banking sector. He explained, “Financial inclusion aims to encourage opening bank accounts to avoid keeping money at home. With the current situation, confidence is lost, and people will be reluctant to entrust their money to banks.”
latest
FROM BEHIND BARS! Uwazuruike Drops Bombshell: Nnamdi Kanu Is Recruiting Igbo Youth For Violence From Prison!.
Ralph Uwazuruike, an agitator for the Biafran nation, has accused Nnamdi Kanu, the leader of the Indigenous People of Biafra (IPOB), of continuing to recruit Igbo youths for violent activities from his prison cell in Sokoto. Uwazuruike claims that this ongoing recruitment is directly responsible for the deaths of many young people.....KINDLY READ THE FULL STORY HERE▶
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Call to Action: He urged Igbo leaders and the pan-Igbo organization, Ohanaeze Ndigbo, to travel to Sokoto to demand that Kanu cease his recruitment efforts.
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Opposition to Violence: Uwazuruike emphasized his own aversion to violence and questioned how someone serving a life sentence for terrorism can continue to mobilize youths for such causes.
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Advocacy for Amnesty: He questioned why IPOB members cannot renounce violence and seek government amnesty and rehabilitation, similar to the programs offered to repentant terrorists and bandits in northern Nigeria.
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Context of Allegations: Uwazuruike’s comments appear to be prompted by recent social media videos featuring hooded, armed militants who claim loyalty to Kanu and threaten further violence in the South East to secure his release.
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Leadership Changes: These concerns also follow reports that Kanu has restructured his leadership team from prison and initiated a vague “100-man-project”.
latest
THE VIRAL REBUTTAL! APC Chieftain Ayekooto Fires Back: Remi Tinubu’s Advice Was Not For Yahoo-Boys Or Obidients!.
APC chieftain Ayekooto Akindele has defended First Lady Remi Tinubu regarding her controversial advice to women about engaging in small-scale businesses, such as selling roasted corn, akara, and kuli-kuli. Akindele clarified that this guidance was not intended for internet fraudsters or supporters of Peter Obi.....KINDLY READ THE FULL STORY HERE▶
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Target Audience: The advice was specifically aimed at individuals living at or below the poverty line who seek to earn an honest living while maintaining their dignity.
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Defense of Small Businesses: Akindele argued that the businesses mentioned by the First Lady are daily necessities patronized by almost every household in Nigeria.
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Critique of Critics: He claimed that those criticizing the advice, including “Yahoo-boys” and “ObiDENTs,” view such work as beneath them because they aspire to high-level trade like selling cars, rather than starting with small-scale ventures.
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Advocacy for Honest Labor: The APC chieftain emphasized that these small enterprises provide a path to earning a livelihood without resorting to immoral activities or cybercrime.
The Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN) has expressed deep sorrow and shock over the assassination of its Benue State Chairman, Ardo Risku, and is demanding that security agencies launch a comprehensive investigation to ensure the perpetrators face justice.....KINDLY READ THE FULL STORY HERE▶
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Context of the Attack: MACBAN reported that Risku was killed shortly after attending a security meeting requested by Ohimini Local Government officials to discuss regional peace and stability.
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The Incident: Approximately an hour after the meeting, Risku and an associate were intercepted and fatally shot in Okudu village.
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Premeditation Concerns: The association views the killing as a “dastardly and deeply disturbing act” and highlighted that the timing, immediately following a peace-oriented security meeting, suggests the attack may have been premeditated.
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Pattern of Violence: MACBAN noted that this incident follows a recent attack on the deceased’s son, a lawyer, in a village last week, further supporting the need for a thorough and transparent investigation.
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Broader Impact: The association emphasized that targeting community leaders and peace advocates actively sabotages efforts toward dialogue and peaceful coexistence.
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Commitment to Peace: Despite this tragedy, MACBAN reaffirmed its dedication to collaborating with government and security institutions to resolve national security concerns and offered condolences to the victim’s family and the Benue State chapter.
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