Stella Dimoko Korkus.com: Singer Yemi Alade Says The Poor Is Getting Poorer In Nigeria And Calls Out CBN For Its Dollar Policy Affecting Businesses..

Advertisement

Advertisement - Mobile In-Article

Monday, May 17, 2021

Singer Yemi Alade Says The Poor Is Getting Poorer In Nigeria And Calls Out CBN For Its Dollar Policy Affecting Businesses..

Nigerian singer, Yemi Alade, says the policies of the Central Bank of Nigeria (CBN) for dollar transactions is affecting businesses in Nigeria and in a series of Tweets on Sunday She said it the way it should be said...








She tweeted....

“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.”

“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,” .

17 comments:

  1. Honestly,
    Running a business in Nigeria atm is frustrating!!!...

    ReplyDelete
    Replies
    1. It's frustrating walahi
      Even to pay for international exams that are above 100dollars is a problem.

      This government is a very wicked one, they put their people in top positions, yet they won't allow us run our businesses in peace.

      To restock goods is a huge problem and when you finally do, cargo will want to kill you, tell me how you expect someone to survive.
      Oya provide jobs now, mba, yet hustle for yourself they will still press your necks.

      I am very tired.

      Delete
  2. It's the stupid dollar policy for me,can you imagine limit to buy things abroad is 100$ since last year,very annoying and frustrating

    ReplyDelete
    Replies
    1. I keep wondering if Nigeria would get better.

      Delete
    2. I never knew how bad it was till last week I was to pay for an exam. Just $1,700 was impossible! Even then, you must buy from black market wether you like it or not. The only thriving business now in Nigeria is bureau de Change and we know the people that dominate that market. Meanwhile, those are the people funding insurgency. This is obviously orchestrated to provide for the very enemies of Nigeria.

      Delete
  3. The poverty level in the country at the moment is disheartening. Things are just so expensive and the prices of items keep going high by the day. Lord have mercy!

    ReplyDelete
  4. Baby Malu Over17 May 2021 at 09:39

    Me I'm just sad that 2023 is still far so that this evil government could just leave, so much affliction, starvation and suffering are on the rise. Lord please let this cup pass over, we've had enough 🙏

    ReplyDelete
    Replies
    1. If PDP comes in, u won't even see Naira, talk of Dollar. They're no better. The problem with Nigeria is the Nigerian. Nigeria has to work on its values and inculcate the right values from childhood. It's not rocket science. For now, we can only keep praying 'cos the generations on ground right now are ALL write offs.

      Delete
    2. @Anonymous 10:19, very well said. We all fail to talk about this, but rather blame those in government.

      Delete
  5. The time is Nigeria is yet to respect its institutions and remove individualism then the better for us...No one is bigger than his seat/Institution/Position that he or she occupies...The problem with CBN is that the few persons who are majorly capitalists are the ones controlling the economy and calling the shots..In fact watch the video on Youtube on what Otedo Peterside said during the Economic summit organized by CBN in 2019...He said the whole truth about the economy...

    ReplyDelete
  6. The so called rich sef don dey turn poor. It’s alarming !

    ReplyDelete
  7. I love how Yemi Alade constantly speaks out on issues like this. Thank you for using your celebrity status well.

    ReplyDelete
    Replies
    1. ...Nan2 is now N2600. I bought it @N2300 about two weeks ago.

      Prices of goods keep on increasing every single day. This government is wicked.

      Delete
  8. After effect of 'round pegs on square holes' Mediocrity over Meritocracy.

    Help us, O God of our salvation, for the glory of Your name.
    Deliver us, forgive us, and purge away our sins for Your name's sake - Amen.

    ReplyDelete
  9. Please tell them.............o

    ReplyDelete
  10. Dollar = bureau de change = Hausa

    Shame on APC/CBN. See how they are using Mazi Emefiele

    ReplyDelete

Disclaimer: Comments And Opinions On Any Part Of This Website Are Opinions Of The Blog Commenters Or Anonymous Persons And They Do Not Represent The Opinion Of StellaDimokoKorkus.com

Pictures and culled stories posted on this site are given credit and if a story is yours but credited to the wrong source,Please contact Stelladimokokorkus.com and corrections will be made..

If you have a complaint or a story,Please Contact StellaDimokoKorkus.com Via

Sdimokokorkus@gmail.com
Mobile Phone +4915210724141