As naira notes scarcity bites harder

By Chisom Mabia

Farmers and middlemen in the Ibadan metropolis, Oyo State, are facing the negative effects of protests over naira scarcity across the country. This was evident by the low sales recorded by traders and customers. For instance, one of them narrated her experience along the Oje market environs on her way to Bere market, who decried the harrowing experience of how the unfortunate situation had affected the agriculture sector.

Another pharmacy customer in the Moniya area of Ibadan made purchases of Greek yogurt, fruit berries, and crackers for her breakfast, but was stranded. Upon leaving the store, she discovered that the naira scarcity protests had curtailed her movement, as most busy roads in the Ibadan metropolis had been totally deserted with no means of public transportation.

If nothing is done, the continued protests would greatly slow down virile transportation, or halt free movement of farm produce to open markets. This would further take a heavy toll on both farmers and middlemen; who are responsible for bringing their produce to market, as they may  suffer more difficulties in transportation and sales. As a result, this could equally lead to a decrease in the availability of fresh produce and an increase in prices of commodities.

Respondents, who spoke to FarmingFarmersFarms have suggested that for normalcy to be restored, there is the need for swift and effective solutions to addressing the naira scarcity issue, as its effects are being felt throughout the various sectors of the Nigerian economy.

They also appealed to the government and relevant stakeholders to work together to ensure that the agriculture sector, which is critical to the country’s economy, remains functional and sustainable in these trying times.