New Naira: FCT Market Women Decry Low Sales

Market women in the Federal Capital Territory have decried low patronage, attributing it to poor circulation of the new naira notes.

The women told the News Agency of Nigeria on Sunday in Abuja that the situation had affected their trade adversely.

A correspondent of NAN who visited some of the markets, reports that most of the women had resorted to collecting transfers to enable them make sales, especially those of them selling perishable items.

According to NAN, the naira scarcity has made some of the market women, who hitherto did not have bank accounts to open one.

At the Garki International Modern Market, Ngozi Kalu, who sells food items, said she had not sold anything for almost two days as her customers complained that they did not have cash and she did not have a bank account.

“When customers come, they complain that they do not have cash to pay and ask if they can transfer.

“I do not have a bank account, so if they do not have the cash to pay me, they go somewhere else to try.

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“That is how I have missed so many sales for two days. I wish I had a bank account,” she said.

Another trader simply known as Mama Victor said she had recorded little sales, because she had a bank account, buyers were able to transfer to her account.

“Some customers come and ask if they can transfer, so I give them my account number.

“That is the only way I have been making sales because there is no money anywhere. Even the PoS operators do not have money.”

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At the Wuse Market, Mrs Sarah Benjamin said, “Before, if you come to my place at this time, I would have made a lot of sales and you will see people buying carrots, peas, pepper, etc, but today, it is not like that.

“Many customers say they do not have cash to pay. One of the customers who did transfer was debited but the money has not reflected in my account, that is another challenge,” she said.

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Photo Credit: Getty 

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