Prior to the Naira redesign policy of the Central Bank of Nigeria (CBN), the area of Alagbole, Ogun State, was saturated with Point of Sale (PoS) operators, from left to right side of the road, you can count at least 20 mobile money agents.
However, their kiosks have now been overrun by dust and cobwebs, deserted by customers due to the scarcity of new Naira notes and the phasing out of the old banknotes on February 10, 2023.
Although before the deadline, PoS operators benefited from the chaos that greeted the Naira redesigned policy after the scarcity of Naira increased demands for their service.
