In the face of naira note scarcity in the country, Nigerians have started making innovations to outmaneuver the breakdowns given to it in the face of no banknotes available to buy food.
A regular bread seller was seen hawking his wares on the street, but the attention of passerbys went to a paperboard suspended from his neck.
On the paperboard, his account number was written on it. An innovation that was lauded by netizens.
With the seller’s account number in full display, his customers can easily transfer the monetary equivalent of the bread directly to his bank account.
Many businesses were left without enough patronage, as the premature tide of internet banking is making the transition from a cash-based economy to a cashless economy a rough ride.
Dynamic traders and craftsmen have moved with the tide of the cashless policy, trying to ride the waves and keep their profit margin constant or positive.
See pic of the young man below:
