• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Thursday, November 13, 2025
  • 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

Naira scarcity: Butchers lament inability to purchase cattle

Naira

The Matters Press by The Matters Press
February 19, 2023
Reading Time: 2 mins read
0
New Naira notes unavailable even as CBN campaigns for acceptance

Many meat sellers in various markets in the Federal Capital Territory (FCT) have expressed concerns over their inability to buy cattle from rearers.

RELATED POSTS

IMPI reviews Tinubu’s record military assets acquisition in 18 months from the US

Think Tank out with statement on Trump’s misguided Shaming of Nigeria

‎Genocide claims: Trump’s CPC decision on Nigeria based on jaundiced, obtrusive data-IMPI ‎ ‎

The butchers attributed difficulty in purchasing cattle to their inability to access naira notes, which is the only means of transaction acceptable to cattle rearers.

At Dei-Dei food market, Kado Fish market and Dutse market revealed that many butchers refused bank transfers, insisting on cash payment.

It was also observed that most meat stalls had little quantity for sale to avoid decay due to low patronage.

Nasiru Musa, a butcher at the popular Dei-Dei market, said it wasn’t his fault that he refused transfers for purchase of meat.

“The people we buy cattle from said they don’t have account numbers and want cash before they sell to us, so why should I collect transfer?

“If the money enters my account through transfer, how do I pay the Fulani rearer who does not go to bank or have a phone?” he asked.

Musa said his refusal to accept online transactions had reduced his sales because that was the only offer made by most buyers.

One of Musa’s customers who identified herself as Mrs Tope Adelusi, said she was displeased that her regular butcher refused to accept transfer.

“He is my regular customer and I have been here begging him to accept transfer but he has refused.

“I have told him that even after this hard times I will not patronise him again because what is the essence of having a customer who can’t understand the economy and assist others.

“It is not my fault that there is no cash in circulation, so why can’t we assist each other?” asked a frustrated Adelusi.

Malam Isiaka Babatunde, a butcher in Dutse market, said the meat on display at his shop was the only one left for sale, and that he had no plan to buy more.

Babatunde said his decision not to buy more cattle was because he lacked the naira notes with which to purchase them from the rearers.

“It is better I sell all the ones I have and just rest at home for now because I don’t understand what this country is turning into.

“The few people I have accepted transfers from will transfer and the money will hang, it is annoying,” he said.

Another Butcher, Mr Emeka Agu, said because of the low circulation of the new naira notes, he had been unable to buy any cow.

He said it was unfortunate that he had money in his bank accounts but could not withdraw or transfer to his business partners.

He called on the Federal Government to ease the pain of Nigerians by finding a solution to the naira scarcity.

Tags: Naira
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Tinubu lays foundation of houses for Renewed Hope City
Foreign

IMPI reviews Tinubu’s record military assets acquisition in 18 months from the US

November 11, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Foreign

Think Tank out with statement on Trump’s misguided Shaming of Nigeria

November 7, 2025
‎Genocide claims: Trump’s CPC decision on Nigeria based on jaundiced, obtrusive data-IMPI ‎ ‎
Foreign

‎Genocide claims: Trump’s CPC decision on Nigeria based on jaundiced, obtrusive data-IMPI ‎ ‎

November 7, 2025
Nigerians to own brand new vehicles, goods through new credit scheme initiative
Economy/Technology

*Tinubu’s poverty reduction measures expansive than others, likely to succeed – IMPI*

November 3, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Think tank blames historically poor management of resources on Nigeria’s high poverty prevalence

October 24, 2025
POLICY STATEMENT 027 BY THE INDEPENDENT MEDIA AND POLICY INITIATIVE (IMPI)
Economy/Technology

Nigeria’s Poor Get a Makeover: A Critical Analysis of Tinubu’s application of the law of requisite varieties in the reduction of poverty in Nigeria

October 22, 2025
Next Post
Nigeria to close energy gap through Rural Electrification Agency

Buhari intensifies efforts to boost power supply in Nigeria

AU launches debt data bank as continent owes $695bn

Recommended Stories

Eswatini for $140m Afreximbank’s credit

Afreximbank, APPO to set up African Energy Bank

November 15, 2023
Transparency group commends NEPZA of its anti-corruption reforms

Transparency group commends NEPZA of its anti-corruption reforms

December 15, 2021
SMEDAN to disburse N5.2m start-up grants to cooperatives

SMEDAN secures N1bn fund to boost SMEs in Katsina

January 25, 2024

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

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

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

    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

  • IMPI reviews Tinubu’s record military assets acquisition in 18 months from the US
  • Think Tank out with statement on Trump’s misguided Shaming of Nigeria
  • ‎Genocide claims: Trump’s CPC decision on Nigeria based on jaundiced, obtrusive data-IMPI ‎ ‎

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