11/02/2023
Cashless Benue Markets
The new Naira Policy is negatively impacting activities in the Benue Food Market.
From grounded markets to minimal transactions due to cash crunch and poor electronic money services.
Tersoo Ortom (Jato-Aka, Kwande LGA), Abaji Gowen (Ugba, Logo LGA) and Sughnen Anema (Gboko LGA), have insights about the situation in their areas.
Prices of commodities have crashed, with almost no buyers and stalemate in transactions. This is in the face of majority of locals having no bank accounts.
The following is Jato Aka today
Bambara nut: 40k
Rice 30k
Cassava flakes (Kpor) 7k
Sorghum 17k and 18k
Ugba has not seen much action, particularly, the grains section.
It's Kpor-yo (yams chips) 10k and 11k
Kpor Logo (cassava flakes) 9k and 10k
But Bambara nut, all bags are size 28'