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The inability of many Nigerians to access cash for daily activities is beginning to impact livelihoods and productivity in the real sector negatively while pushing many businesses in the informal sector to the edge.
Already, employers are witnessing rising cases of absenteeism from members of staff, especially low cadre workers, owing to their inability to access cash for transportation. Factories are also experiencing a reduction in number of shifts and utilisation due to fewer workers and poor product sales at the retail end, while stakeholders in the informal sector have witnessed a decline in activities in the last few weeks.
As many banks’…
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