Commercial Banks asked to stop selling recharge cards

0

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.

Govt must stop Banks from selling of recharge cards,” he said.

“This business is worth about N10B/day and can provide jobs for 5m youths nationwide and reduce unemployment.

ALSO READ  Ifedi Okwenna: Promises To Recover, Revive disputed Omasi Farm Settlement

Banks should not be in the retail business where they strangulate small individual traders. Government must protect MSMEs,” he said.

Leave a Reply

Your email address will not be published. Required fields are marked *