Have you ever wondered how some people have bundles of new naira notes to spend at parties? Most people do not know how to take advantage of the current money situation in Nigeria. It is common knowledge in economics that for every national crisis, people are feeding their pockets full.
This is the best time to search through your contact list for those one or two banker friends you have. Most people have that one banker friend made when they were opening an account or through their consistent visits to the bank before the lack of cash crisis ensued.
Now is the best time to make use of that contact. It would prove better to be a beneficiary of crisis than to be counting your losses. This brings us to the second thing; providing a stable POS service.
Most POS are not operating, either because they are not willing to go through the stressful process of getting cash or are not making use of the contacts they have. This is the period when most people are running to the POS for help.
The few operating stands are now charging at a rate that could make them financially comfortable for the time frame this crisis would last. This is the perfect way to get free cash. For every 5,000 you give, you can charge a rate of 1,500.
In a desperate time, the last concern of the masses is the little amount they have to pay to get the cash they need. This is the perfect time to take advantage of the need and scarcity that is touring the economy.
