Checkout 4 People Making Money From Dollar Scarcity in Nigeria

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The current scarcity of dollar and high interest rate appears to be the burning issues that need urgent attention in the country.

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Every Nigerian, government agencies and several small and big private businesses have in one way or the other have been impacted.

The scarcity has caused an increase in demand which in turn resulted into a hike in the value of the greenback.


Several people have lost their jobs, several businesses have closed down and others are reeling from reduced revenue as a result of the scarcity.

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Below are 4 people who are faring well due to scarcity of dollar in the country. They are:

1.Those who earn salary in dollars


There are workers and business owners in the country who earn their salary or transact business in dollars. The situation has caused an increase in their income status. Website owners receive their cheques from Google in dollars, companies with foreigners as clients receive their payments in dollars, exporters, etc.



2. Currency marketers


These group of people are making a lot from the high dollar rate with the continuous fall of the naira. The scarcity of dollar in the country has seen the rise of online currency marketers who advertise themselves. They can sell to you, at the parallel market rate. Some of them are legit and others are frauds.

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3. Producers of raw materials locally


Due to the scarcity of dollar, several business owners have resorted to patronizing local producers of raw materials to meet their demands. The major demand for dollar in Nigeria is to import raw materials for the production of daily goods.


4.  Yahoo yahoo boys



Theses internet fraudsters receive money through Western Union, Money Gram and they collect dollars directly. With the high price of dollars they get to exchange and get even more Naira than they usually do.

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The post Checkout 4 People Making Money From Dollar Scarcity in Nigeria appeared first on GL Trends.

Source: Gltrends

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