{"id":104910,"date":"2023-12-22T18:42:18","date_gmt":"2023-12-22T17:42:18","guid":{"rendered":"https:\/\/www.africa-press.net\/nigeria\/uncategorized\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament"},"modified":"2023-12-22T20:55:28","modified_gmt":"2023-12-22T19:55:28","slug":"cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament","title":{"rendered":"Cash shortage will mar Christmas celebration \u2013 Ibadan residents lament"},"content":{"rendered":"

Africa-Press – Nigeria. <\/strong><\/span>Some residents of Ibadan, the Oyo State capital, on Friday decried the hardship they have been facing over a cash shortage, saying it may mar their Christmas celebrations.<\/p>\n

The residents, in separate interviews with NAN, lamented the difficulty they have been facing in accessing their money in the banks.<\/p>\n

An entrepreneur, Mr Niyi Olawuyi, said that the experience had been harrowing, as some banks could not give more than N10,000 to each customer while giving as little as N5,000.<\/p>\n

Olawuyi noted that many people who were forced to do money transfers for business transactions and trading owing to a lack of cash were also being confronted with network problems.<\/p>\n

Another entrepreneur, Mr Wale Adio, said that his bank only gives N5,000 to customers, adding that anybody who wanted to get more would have to go to POS operators.<\/p>\n

\u201cMany people who are into business and need to pay their workers are struggling to get funds for their daily operations,\u201d Adio said.<\/p>\n

Also, an employer with a private organisation, Mr Sola Famakinwa, described the cash shortage, particularly during this festive period, as unfortunate and unpalatable.<\/p>\n

\u201cYou have to waste your time on the queue to get your money. Some banks have even reduced their daily cash limit from N20,000 to N5,000. This will, no doubt, affect Christmas preparations for so many people.<\/p>\n

\u201cThe transfer is not helping because of the usual network problem. People are suffering because they cannot access even the little money they have in the bank,\u201d he said.<\/p>\n

A civil servant, Mrs Aina Ojo, however, said she could not relate to the cash shortage crisis as she had nothing to queue in the bank to get.<\/p>\n

\u201cI\u2019m just expecting the payment of the arrears of the N35,000 wage award promised by the Federal Government to enjoy this festive period. That\u2019s all,\u201d Ojo said.<\/p>\n

For More News And Analysis About Nigeria<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Nigeria. Some residents of Ibadan, the Oyo State capital, on Friday decried the hardship they have been facing over a cash shortage, saying it may mar their Christmas celebrations. The residents, in separate interviews with NAN, lamented the difficulty they have been facing in accessing their money in the banks. An entrepreneur, Mr […]<\/p>\n","protected":false},"author":84,"featured_media":104909,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,29,28,14,2660],"tags":[1570,2140,145,491,254],"class_list":["post-104910","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-head-lines","category-homepage-english","category-policy","category-to-homepage","tag-africa-press","tag-africa-press-nigeria-2","tag-christmas","tag-ibadan","tag-nigeria"],"yoast_head":"\nCash shortage will mar Christmas celebration \u2013 Ibadan residents lament - Nigeria<\/title>\n<meta name=\"description\" content=\"Some residents of Ibadan, the Oyo State capital, on Friday decried the hardship they have been facing over a cash shorta ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cash shortage will mar Christmas celebration \u2013 Ibadan residents lament\" \/>\n<meta property=\"og:description\" content=\"Some residents of Ibadan, the Oyo State capital, on Friday decried the hardship they have been facing over a cash shorta ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament\" \/>\n<meta property=\"og:site_name\" content=\"Nigeria\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-22T17:42:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-12-22T19:55:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1703258393.463437.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Cash shortage will mar Christmas celebration \u2013 Ibadan residents lament\",\"datePublished\":\"2023-12-22T17:42:18+00:00\",\"dateModified\":\"2023-12-22T19:55:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament\"},\"wordCount\":328,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nigeria\/sites\/3\/2023\/12\/sm_1703258393.463437.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Nigeria\",\"Christmas\",\"Ibadan\",\"Nigeria\"],\"articleSection\":[\"all news\",\"head lines\",\"homepage-english\",\"Policy\",\"to-homepage\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament\",\"url\":\"https:\/\/www.africa-press.net\/nigeria\/policy\/cash-shortage-will-mar-christmas-celebration-ibadan-residents-lament\",\"name\":\"Cash shortage will mar Christmas celebration \u2013 Ibadan residents lament - 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