Nigeria becoming unbearable to live - Yemi Alade calls out CBN

  Popular Nigerian singer, Yemi Alade, has said the policies by the Central Bank of Nigeria, CBN, for dollar transactions is affecting busin...

 

Popular Nigerian singer, Yemi Alade, has said the policies by the Central Bank of Nigeria, CBN, for dollar transactions is affecting businesses in Nigeria.

Alade, in a Twitter thread on Sunday, lamented that the restrictions on dollar transactions have affected imports by legitimates, hence making the poor man ‘poorer’

She urged CBN to consider the ordinary man in Nigeria who depends on legal businesses, adding that the country is becoming unbearable to live in.

Her tweets read: “The state of the economy in Nigeria CBN REALLY NEEDS TO CONSIDER THE ORDINARY MAN IN NIGERIA! All the new restrictions on dollar deposits is affecting a lot of businesses. You don’t have enough dollars to even give legitimate business people for their imports ,why not find another solution. Poor man is getting POORER.

“Can you please create a balance for us CBN? While you have focused on truncating cash dollar deposits, the Cyclic nature of Money from rich to poor is making this country unbearable to live in.”

The 32-year-old singer urged the apex bank to consider amending its policy stressing that although it is intended to hurt money fraudsters, it is worsening the economy.

“Go to your local grocery store, whether na aboki shop or Supermarket and see that they CANNOT RESTOCK a lot of products once they run out. We do not produce any of these finished products even toothpaste.Your focus is money launderers but you are in turn worsening our economy dear CBN.

“So much bureaucracy in action and no one consciously trying to apply it to our reality! How long will your restriction on USD go on for? CBN DO BETTER,” she tweeted.

COMMENTS

Name

BBNaija,2118,Business,2732,CampusGist,1035,Celeb,4898,celebrities,240,Comedy,8,CONFESSION,11,Education,2413,Entertainment,5887,Fashion,367,Featured,626,Gist,2037,Health,721,Job,3,Lifestyle,873,Music,153,MY STORY,37,News,82962,Opinion,846,Poem,10,Politics,13464,Relationship,210,Sponsored Contents,31,Sports,17238,Style & Travel,47,Success Stories,265,Technology,342,Video,114,
ltr
item
Saga Gist - Top Source for Nigeria News: Nigeria becoming unbearable to live - Yemi Alade calls out CBN
Nigeria becoming unbearable to live - Yemi Alade calls out CBN
https://dailypost.ng/wp-content/uploads/2021/05/Yemi-Alade.jpg
Saga Gist - Top Source for Nigeria News
http://www.sagagist.com.ng/2021/05/nigeria-becoming-unbearable-to-live.html
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/
http://www.sagagist.com.ng/2021/05/nigeria-becoming-unbearable-to-live.html
true
3363430711841052055
UTF-8
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS PREMIUM CONTENT IS LOCKED STEP 1: Share to a social network STEP 2: Click the link on your social network Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy Table of Content