What will happen if the scarcity of naira in Nigeria still persist.

Inflation: A scarcity of naira will likely lead to inflation, as the supply of money decreases and demand for goods and services increases.

Decreased Investment: A shortage of naira may discourage investment, as businesses and investors become wary of the country's economic stability.

Decreased Trade: Naira scarcity may decrease trade as businesses struggle to acquire the currency needed to purchase imports or pay for exports.

Unemployment: Companies may be forced to lay off workers or reduce hours if they are unable to access the naira they need to pay salaries and maintain operations.

Black Market Activities: In the absence of enough naira, black market activities such as currency hoarding and speculation may emerge, causing even more scarcity and instability.

Difficulty in Importing Essential Goods: The scarcity of naira may make it difficult for the government to import essential goods such as food, medicine, and fuel.

Hardship for Ordinary Citizens: Ordinary citizens may face financial hardship as they struggle to afford basic necessities in a highly inflationary environment.

Political Instability: Naira scarcity can contribute to political instability as citizens become increasingly dissatisfied with their economic situation and the ability of the government to address it.(CHIKALASENSE).

Baba Buhari said, let's give him 7days. His now craig

I don't know what this OP is talking about. The services you mentioned shouldn't be carried out with cash.

Why can't a company pay into it's staff's bank accounts? Importers don't need physical cash, small businesses should make use of digital channels, Why do you guys don't want to move this country forward?

The only people of concern should be rural dwellers who don't really know how to use digital platforms.

This policy is the best so far. Nigerians don't just want to change.

chikalasense:


What will happen if the scarcity of naira in Nigeria still persist.

Inflation: A scarcity of naira will likely lead to inflation, as the supply of money decreases and demand for goods and services increases.

Decreased Investment: A shortage of naira may discourage investment, as businesses and investors become wary of the country's economic stability.

Decreased Trade: Naira scarcity may decrease trade as businesses struggle to acquire the currency needed to purchase imports or pay for exports.

Unemployment: Companies may be forced to lay off workers or reduce hours if they are unable to access the naira they need to pay salaries and maintain operations.

Black Market Activities: In the absence of enough naira, black market activities such as currency hoarding and speculation may emerge, causing even more scarcity and instability.

Difficulty in Importing Essential Goods: The scarcity of naira may make it difficult for the government to import essential goods such as food, medicine, and fuel.

Hardship for Ordinary Citizens: Ordinary citizens may face financial hardship as they struggle to afford basic necessities in a highly inflationary environment.

Political Instability: Naira scarcity can contribute to political instability as citizens become increasingly dissatisfied with their economic situation and the ability of the government to address it.(CHIKALASENSE).

I don't agree with you

The scarcity will only lead to chaos all over Nigeria.

Marvyx:
I don't know what this OP is talking about. The services you mentioned shouldn't be carried out with cash.

Why can't a company pay into it's staff's bank accounts? Importers don't need physical cash, small businesses should make use of digital channels, Why do you guys don't want to move this country forward?

The only people of concern should be rural dwellers who don't really know how to use digital platforms.

This policy is the best so far. Nigerians don't just want to change.

Mr Changer,

please come and change them abeg