Yemi Alade berates CBN over policies

Yemi Alade berates CBN over policies

Nigerian recording artiste, Yemi Alade has addressed the Central Bank of Nigeria, CBN in a lengthy Twitter post.


Yemi Alade called out the CBN on Sunday, May 16.


According to the Nigerian singer-songwriter, it is important for the apex monetary authority to consider the wellbeing of the middle class and poor people in the country.


Here is what she wrote;




All the new restrictions on Usd deposits are affecting a lot of businesses. You don’t have enough USD to even give legitimate business people for their imports, why not find another solution.The poor man is getting POORER.”


She continued;


”Can you please create a balance for us? CBN…

While you have focused on truncating cash dollar deposits, the Cyclic nature of Money from rich to poor is making this country unbearable to live in.”


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Her post reads further;


”Go to your local grocery store, whether na aboki shop or Supermarket, and see that they CANNOT RESTOCK a lot of products once they run out.

We don’t produce any of these finished products even toothpaste.

Your focus is money launderers but you are In Turn worsening our economy, Dear CBN

So.much Bureaucracy in action and no one consciously trying to apply it to our reality!

How long will your restriction on USD go on for?


It’s bad enough that you charge 50 naira per naira transaction and almost 3k monthly for account maintenance.”

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