Entrepreneurs count losses over scarcity of new Naira notes

Written by on February 6, 2023

Some small scale industrialists and entrepreneurs in the Federal Capital Territory (FCT), have continued to count their losses over the lingering new Naira notes scarcity.

They told the News Agency of Nigeria (NAN) on Sunday in Abuja, that the situation was hurting their businesses as they continue to record low patronage.

According to Dr Solomon Vongfa, the National President of Association of Small Scale Industrialists (NASSI), the redesigning of the naira is actually a good policy but the implementation came at the wrong time.

Vongfa, who expressed concern that the Naira scarcity was adversely affecting commercial activities in the country urged the Federal Government to quickly address the situation.

He said that businesses of most members of the association were going down thus bringing hardship to them.

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