• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, August 8, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Food traders lament spoilage due to low patronage as banknotes crunch bites harder

Food

The Matters Press by The Matters Press
February 7, 2023
Reading Time: 2 mins read
0
Food shortage: Nigeria bans foreigners from direct purchase of produce from farmers

Some foodstuff traders in major Federal Capital Territory (FCT) markets are lamenting the gross food decay in their stalls due to low patronage by citizens who lack naira notes for purchase.

RELATED POSTS

Military gets pay rise

Nigeria marches toward state police

Nigeria today, terse position

Many traders at the popular Life camp fish market, Dutse, Wuse, and Kubwa markets in Abuja complained that large perishable goods had become stale.

A Dutse market tomatoes and pepper seller, Usman Abu, said that before the circulation of the new naira notes, he bought many goods in anticipation for good sales but has been disappointed over the low patronage.

Abu described the little or no patronage as ‘unusual’ and blamed the low sales on the lack of naira notes in circulation.

He said that overtime, customers had pleaded with him to make available his account details to enable money transfers but he said he has no phone to confirm transactions, hence the refusal.

The Tomatoes seller who gradually got agitated as he expressed his displeasure to the economic changes, pleaded with the Federal Government to return the old currency or rather readily make available the new naira notes.

A vegetable hawker, Mrs Tina Okafor in life camp fish market who had her one-year-old daughter on her back, said customers who do buy vegetables in large quantity now buy three times less than their usual purchase due to lack of enough cash.

“One of my regular customers yesterday told me to sell N500 naira Ugwu to her on credit that she will pay me N600 naira when next she comes to the market.

“Because I had barely sold anything, I was forced to give her but I know she will pay me back,” she said.

Mallam Isah, a Kubwa phase IV market fruit seller who displayed some partially spoilt fruits said that he had begun selling his fruits at discounted rate due to the slow sales.

Isah said that because his fruits no longer look fresh, buyers had refused patronizing him as he blamed the bad fruits on the lack of naira and bulk fruits he bought.

A man who pleaded anonymity in Wuse market, said he was in the market to buy foodstuff but unfortunately the cash he had at hand wouldn’t enable him buy all he hoped to get.

“This Automated Teller Machine (ATM), bank queue and lack of money at Point of Sale (POS) centers has made if difficult for everyone both the rich and poor.

“I just realised the money I brought to the market to buy soup ingredients wouldn’t be enough and now I might be unable to buy meat.

‘Is this how we want to continue in this country when we have a government?” he asked.

He pleaded with banks to make all ATMs functional to reduce bank queues, urging all financial crimes organisations to sanction banks hoarding the new naira notes.

Tags: food
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Economic implications of Niger coup to Nigeria, ECOWAS
Economy/Technology

Military gets pay rise

August 5, 2026
Police nab 233 officers for graft
News

Nigeria marches toward state police

August 4, 2026
Tinubu’s economic reforms encourage investment – UK
Energy

Nigeria today, terse position

August 2, 2026
Tinubu tells the world: Africa Does Not Wish to Replace Old Shackles With New Ones
Economy/Technology

Resilience, patriotic endurance of Nigerians keep Tinubu’s historic economic reforms alive

July 30, 2026
FG achieves economic growth in spite of global shocks – Minister
Economy/Technology

IMPI acknowledges Nigerians as ultimate hero of reforms as economy turns around

July 30, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

NIGERIANS AS ACTUAL EXECUTORS OF TINUBU’S REFORMS AS ECONOMY TRANSITS FROM CONSUMPTION TO PRODUCTIVITY

July 30, 2026
Next Post
Chevron, NNPC secure $1.4bn for drilling project

NUPRC gazettes 5 oil industry regulations, completes 6 others

Council seeks incentives to boost indigenous ship operations

3 ships discharge frozen fish at Lagos ports – NPA

Recommended Stories

Strike puts Nigeria in darkness

REA to electrify 250,000 households in 2024

October 22, 2023
NERC declares meters free under mass scheme

FCT electricity consumers seeks intervention over power outages

March 10, 2022
BUA petrochemical project will add value to economy

BUA to inaugurate new cement plant in Sokoto

November 2, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Military gets pay rise
  • Nigeria marches toward state police
  • Nigeria today, terse position

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us