• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, July 18, 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

Befitting honour for former President Buhari commendable – TMSG

17-member committee for burial of Buhari

Lagos falls flat to APC

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

Befitting honour for former President Buhari commendable – TMSG
Economy/Technology

Befitting honour for former President Buhari commendable – TMSG

July 17, 2025
Buhari attends inauguration of Barrow of Gambia
Entertainment/sports

17-member committee for burial of Buhari

July 14, 2025
Lagos falls flat to APC
Economy/Technology

Lagos falls flat to APC

July 13, 2025
African intellectuals release letter to world, caution continent on selfness
Economy/Technology

Nigeria celebrates Soyinka at 91

July 13, 2025
China introduces new visa
Economy/Technology

Nigeria maintains issuance of 5-year visa to Americans

July 13, 2025
ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP
Energy

ADC, AN ASSEMBLAGE OF STRANGE BED FELLOWS, TIRED POLITICIANS– GROUP

July 10, 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

Trading in Nigerian stock market dips further N83bn

Market capitalisation value drops by N58bn

March 8, 2022
Tinubu inaugurates economic council

Tinubu approves N35,000 wage award for FG workers

October 2, 2023
Customs adopts lobbying as tool in governance

Customs advises on transparency in vehicle imports

August 31, 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
  • 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

  • Befitting honour for former President Buhari commendable – TMSG
  • 17-member committee for burial of Buhari
  • Lagos falls flat to APC

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