Nigeria’s $220b informal economy on life support because of cash shortage

February 21, 2023

Experts fault FG’s planned taxes on informal businesses

informal retail market

For 20 years, Ogbogo Moses used cash to trade fresh fruits for six days a week in Nigeria’s northwestern Kaduna state. Now she’s lucky to get clients every other day and is stocking up only half her usual quantity. Moses’ business is among the collateral damage of the Central Bank of Nigeri

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