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.
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