The effect of the naira scarcity in Nigeria is imminent, with low productivity and shortages of goods in the market. This will lead to less demand and less supply, which then adversely impacts prices as well as productivity.
The effect of naira scarcity in Nigeria has been significant. Its effects are still being felt in many parts of the country. The price of food, utility bills, and fuel have all gone up due to high inflation rates Nigeria has been hit by the scarcity of currency notes.
As a result of this drastic move, most businesses are unable to pay their employees and supply chain partners who have suffered huge losses due to delayed payments. Nigeria is the home of some of the most beautiful, unique, and exotic wildlife in the world.
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