Naira Redesign: Our Businesses Still Grounded – Traders Lament

Traders in Anambra state, under the aegis of Anambra State Markets Amalgamated Traders Association, ASMATA have decried the level of agony they are passing through since January, this when the federal government introduced the naira redesign policy and cashless economy.

They lamented that the exercise has almost ground their businesses to a halt as they now find it very difficult to buy goods and supply to their customers, owing to the scarcity of cash and instability in banking services and its attendant lack of network.

Patron of ASMATA, Chief Jude Nwankwo who made the lamentations in his office at the Building Materials International Market, Ogidi, Anambra state, said no minding that the policy has not achieved any desired target, traders were the worst hit as they could hardly access the cash to buy their goods adding that in most cases, banks would debit their account without crediting the account beneficiaries and vice versa.

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