Lack of cash retards business activities in Kano, rural areas.
By Jabiru Hassan, Kano.
As the nation’s centre of commerce, Kano state is now witnessing shortage of cash to makes business at both the metropolitan area and rural communities as monitored by our correspondent.
Similarly almost all the PoS operators described the situation as killing their activities especially when there is no cash due to the issue of new naira and deadline extension across the country.
Furthermore, all banks branches in the city of Kano were seen very congested as everybody wanted to withdraw money for daily needs while government workers trooper to get their salaries paid into their accounts.
Malam Adamu Inusa who had a chat with Standard Times at Fidelity Bank Murtala Mohammed Way, saidthat ” I am here since morning but as at the time of speaking to you, I didn’t get to the ATM stand due to overcrowding, and I don’t know what to do to have something for my today’s meal”. He concluded.
At Bichi Town, our correspondent found out that all the Pos operators closed shop due to the lack of cash in their possession where some people staged a long queue at First Bank so as to have something for domestic uses.
Most of the people that have an interaction with our correspondent has called on the CBN to makes the new notes available and in 5,10,20,50,100,and 200 denominations in order to ease difficulties in getting small currency within the people