Award-winning and talented singer, Yemi Alade laments about the poor state of businesses in the country. She calls out the Central Bank Of Nigeria for being a major cause for it.
Taking to social media, the singer has brought to light the current state of businesses and how they are suffering as a result of the restrictions put on USD deposits.
Yemi calls out CBN to create a balance for everyone in this regard as truncate cash dollar deposits, the more the cyclic nature of money from rich to poor makes the country unbearable to live in.
Yemi Alade says that CBN should do better for Nigerians for this current restriction on USD is doing more harm than good.
The majority of Nigerians are not rich and the more the CBN keeps up with regulations that are not favorable to the majority, then they get to suffer.
Taking to Twitter, she said, CBN REALLY NEEDS TO CONSIDER THE ORDINARY MAN IN NIGERIA! All the new restrictions on Usd deposits are affecting a lot of businesses. You don’t have enough USD to even give legitimate business people for their imports, why not find another solution. The 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 don’t 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? CBN DO BETTER! It’s bad enough that you charge 50 naira per naira transaction and almost 3k monthly for account maintenance