The nigerian government has been advised to stop banks in the country from selling airtime or recharge cards.
Doyin Okupe, a former aide to former Presidents Olusegun Obasanjo and Goodluck Jonathan, believes that by retailing recharge cards, banks are contributing to the already high rate of unemployment in the country.
In a tweet, the former presidential aide pointed out that recharge card business is worth about N10 billion per day and is capable of providing jobs for 5 million youths nationwide.
Banks should not be in the retail business where they strangulate small individual traders. Government must protect MSMEs,” he said.