LESSONS LEARNT FROM THE NEW CASH POLICY/NAIRA NOTES SCARCITY
Currently in Nigeria, there has been new notes swap, new naira notes have been introduced to the economy, and alot of Nigerians haven’t been able to gain access to the new money and the CBN (Central Bank of Nigeria) declared the old notes especially N1000 and N500 officially as non legal tenders, and the rush for new naira notes started.
There have been demolishment of public properties, and even hitting/beating of POS attendants, people selling new naira notes at outrageous prices etc
But there are still lessons to be learnt from all these.
1. Value
People have learnt that money is just a reward for the value you give, while others are crying they haven’t been able to sell and get money, there are people who have always had money to spend because they possess so much value that attracts money to them, so the real investment is oneself.
2. Trust
This period have shown us how much we placed trust in certain institutions, structures, government and banks and they have failed us woefully, some people can’t even trust which words are true anymore, every one is saying almost different things that we only wait for things to play out before we can actually deduct which is the truth and which is not
People have found out how much they trusted their apps and which apps can be trusted just these few weeks.
3. Platform
People who are not affected by these scarcity were those who took advantage of certain platforms and relationships way before they had needed it.
Most businesses who had POS machines are gaining more money than those who don’t have one currently etc.
4. Pain
Empathy is something that every leader needs to lead their followers rightly, some leaders can’t actually relate to what the masses are going through so it’s easy for them to make rules and policies regardless of whosever that it favours because these policies being made might not even affect them. We all need to put our legs in the shoes of those that we are leading to make unbiased suggestions and rules.
5. Problems are relative
What might be a problem to someone isn’t a problem to another person, so while some people don’t have money to spend at all, some people have only old money and are looking for where to spend it, some have money in their accounts but don’t know where to withdraw it, while others have new money in their bank and hand and know where to get more.
6 community
This era has shown us the power of community, people are becoming close because we all have something to relate with
Everyone can confidently tell you a story about how they all struggled to get new naira notes.
What other lessons did you learn?
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