Naira Crisis: How I Bought N40,000 For N70,000 – Paul Okoye

Nigerian singer Paul Okoye has recounted how he bought N40,000 for N70,000 in Lagos as a result of the ravaging naira scarcity.

Nigerians have been lamenting the difficulty to get the naira notes following the naira redesign policy introduced by the central bank of Nigeria.

Speaking via his Instagram story, Paul disclosed that he bought Naira today because he needed to pay for a visa fee and it needed to pay in cash. He lamented that he bought forty thousand Naira with seventy thousand Naira in order to make payments.

According to the father of three, the country keeps breaking new records with several of its happenings.

He wrote: ” Omoh!!! I buy money today!! Just because I have to pay for a certain visa fee in an embassy, and it has to be paid in cash. Jokes apart I bought 40k with 70k Aahhhh!!!!!!! Naija breaking new record.”

A few weeks back, Nollywood actor, Femi Adebayo lamented how difficult it was for him to get the new Naira notes, which he described as Gold.

He also lamented how getting foodstuffs has become difficult because of the lack of Point of Sales (POS) machine and non-refusal from petty traders to accept transfers.

He said: “Tell me your location. I know you need this right now and I am ready to share. Nigeria currency is how Gold. Before I saw it, I went through Hell. I wanted to buy little things. I couldn’t plantain, ewedu, pineapple. No POS/they don’t collect transfers. Of course, we are in support of a cashless society, but at least make it available. So, I am ready to share as long as your location isn’t far”.