Yemi Alade Calls Out CBN for New Harsh Restrictions on Dollar Transactions

Yemi Alade (photo credit - Instagram) 

By Kosiso

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Nigerian music queen, Yemi Alade is one out of many other Nigerians who are not satisfied with the new CBN policy for dollar transactions. 

Writing via her official Twitter handle, Yemi Alade called on Nigeria’s apex bank, CBN to consider the ordinary man while coming up with these policies. She also asked them to do better. Read her tweets in the text below;

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“The state of the economy in Nigeria CBN REALLY NEEDS TO CONSIDER THE ORDINARY MAN IN NIGERIA! All the new restrictions on dollar deposits is affecting a lot of businesses. You don’t have enough dollars to even give legitimate business people for their imports ,why not find another solution. Poor man is getting POORER.

“Can you please create a balance for us CBN? While you have focused on truncating cash dollar deposits, the Cyclic nature of Money from rich to poor is making this country unbearable to live in.”

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“Go to your local grocery store, whether na aboki shop or Supermarket and see that they CANNOT RESTOCK a lot of products once they run out. We do not produce any of these finished products even toothpaste. Your focus is money launderers but you are in turn worsening our economy dear CBN.

“So much bureaucracy in action and no one consciously trying to apply it to our reality! How long will your restriction on USD go on for? CBN DO BETTER,”.