Monday, 28 November 2016

Nigerians groan under hardship barely weeks before Christmas Read more:

– Nigerians are increasingly finding it hard to survive daily as prices of commodities continue to soar -A survey conducted by NAIJAHIGHLANDER at Sangrouse market, Obalende, Lagos reveals the prices of basic commodities have skyrocketed – As traders lament low patronage, consumers complain of the hike in prices of food items affecting their purchasing power – The economic situation has affected many households, and business have also crumbled lately, leaving many drowning in poverty Nigerians continue to lament on the current economy situation in the country. Indeed, this is not the best time for Nigerians, as the effect of the recession keeps increasing daily. Nigerians are finding it hard to survive daily as prices of commodities continue to rise. The economic recession in Nigeria, which is taking a toll on all sectors of the economy, has caused major shifts in demand, supply and pricing of goods in the market. The economic situation has affected many households, and business have also crumbled lately, leaving many drowning in poverty. The devaluation of naira, increase in pump price of petrol and the exchange rate has affected the economy negatively. The drop in the value of the naira and the ban placed on some imported food items have been identified as some of the reasons for the hard times Nigerians have been exposed to in recent months as people can no longer afford the goods in the market needed for survival. Share on Facebook Share on Twitter Some of the traders have now become stranded as buyers fail to patronise them. A survey conducted by NAIJAHIGHLANDER correspondent at Sangrouse market, Obalende reveals the continuous rise in the price of various food items lately. As traders lament low patronage, consumers complain of rise in the price of basic food items like rice, beans, garri, fish and vegetable oil. At the market, prices of various items like rice, beans, vegetable oil, garri and other staple foods have gone really high. A trader in the market simply referred to as James, said the change of government has led to the hike in the price of these products. According to him, the previous government had its own issues, yet things were not as difficult as it seems now. “Prices of things have suddenly gone up. The rise in the pump price of fuel, cost of transportation and more has led to this hike. Things were not this expensive when Goodluck was in power. Now a bag of Aroso rice costs N20,000 while a big bag of Oloyin beans costs N40,000 upwards. A big bag of Yellow Garri, which previously sold at N12, 500 now sells for ‎N20,000. The current economy crisis has affected my business negatively. “The current economy situation has made many to shut down their business. And the price of these items depends on the size of the bag, the brands and market forces. “The government says the country needs to import less and produce more but things are getting out of hand, as people can no longer feed well,” he lamented. In the same vein, a trader identified as Biodun, who sells maggi, tomato paste, spaghetti, macaroni and other items, attributed the rise in the price of goods to the current economic situation. In another tale of lamentations, Mama Ada who sells vegetables, noted that the price of vegetables is influenced by the weather condition. Share on Facebook Share on Twitter Another set of traders waiting patiently for buyers to approach. According to her, when it is rainy, vegetables are affordable but when it is not, the price goes high. She explained further that people who buy vegetables end up buying with complaints, blaming the current administration. She said: “Vegetables are affordable for now, although we are in dry season. But sales so far have not been encouraging. The situation we find ourselves as traders is that, some customers who patronize us, when they come, if they are able to buy the vegetables, they will not be able to buy the ingredients they need to prepare their meal. So they end up complaining. “Goods are expensive. Everyone says the rise in dollars has affected the price of things but we all know not all goods are purchased with dollars. People manage to buy. Things are dry. People who buy in bulk now buy in small quantity. “Before, we used to record huge sales, but now it not so, because we do not make sales like we used to. We are just looking unto God because we know the government cannot help us. The way things are, it is beyond their control.” A vegetable oil trader in the same market has a different view to the rise in the price of goods in the market. She opined that the current rise in the price of goods has nothing to do with the current administration but a global issue taking a toll on various developing countries. “Of a truth, things are very expensive in the market and we as sellers experience a low turnout of buyers which is affecting our profit so far. But it has nothing to do with the current administration. “The price of vegetable oil and even palm-oil has gone so high. The ones that are not branded are affordable while the ones that are branded are very expensive. Now, 5 litres of groundnut oil with keg sells for N3,000 but without keg is N3,500. And 25 litres of groundnut oil (kings) costs N18, 000 but before it was N14,000. “The reason for the rise of oil cannot be explained as palm oil continues to increase by the day. Before, 25 litres of palm oil cost N13,500 but now in the market here, it costs N21,000. It just rose up to the amount recently. 10 litres of palm oil now is N10,500. “Oil is more expensive than groundnut oil but we know the present administration is working to put things in place but we are begging the government to assist us. This is where we survive. There is no market. We are pleading with the government to help us. The burden is too much on us as parents and traders. People are not patronizing us because they do not have enough money,” the young lady offered. Also in the same market, a trader who sells Cassava Flour (Lafun), but pleaded anonymity, said sales have been encouraging so far the price is reasonable. “We thank God with the situation of things so far in the market. We believe things will turn around for good. So far, sales have been encouraging and we will keep pushing no matter how hard it gets. Because people cannot live without food. “For Lafun, we have two types of bag. The one that is filled to the brim and the one that is not. The one that is mixed and the one that is not mixed. The one that is mixed is affordable while the one that is not is expensive. The one that is mixed is N10,000 while the one that is not mixed is N18,000. We also have some that cost N8,000 and lesser but the expensive one is fill to the brim . The others are not,” she stated. Mama Oyinkansola, a trader in the market who sells tomatoes, onion, pepper and irish potato, believes the current situation in the market is as a result of the poor economic condition, market forces and as well weather condition. “For tomatoes, it is grade by grade. There is no fixed price for tomatoes as the price often fluctuates; it is often determined by the present situation of the market, weather condition and some market forces. Right now, this is not the season for Cameroon tomatoes. There is no market. We do not sell again. We are not selling anything. Everybody is complaining there is no money. “People do not like the new onions because it does not last longer. A bag of the new onion cost N15,000 while the bag of the old onion cost N30,000. For tomatoes, we have three kinds of tomatoes. We have the Yoruba tomatoes, the Hausa tomatoes and we have the Ghana tomatoes. The Ghana tomatoes are used to make Ketchup, it is too sweet and it requires a lot of pepper. A lot of people prefer the Hausa tomatoes to any other one. “A basket of Hausa tomatoes costs N12,000. And a basket of Yoruba tomatoes cost N10,000 while a basket of Ghana tomatoes costs N16,000. A small bag of pepper (Rodo) costs N4,000 upwards and a basket of Pepper (Tatase) costs between N6,000- N8,000,” she complained. In a chat with our correspondent inside the market, Alhaji Sesan who sells meat, lamented on the hike in the price cows and low patronage. He said: “There is no market. The farmlands and the farmers are no longer working. There is no money in the country. The farmlands that are meant for farming, has been sold. The government should show us mercy and then reduce things a bit. It is getting harder by the day. “The present administration has brought us to this present state that we are in. The Boko Haram groups would seize the truck containing ram and sell it off to mallams and then whatever money they get, they use it to buy ammunitions. They make a lot of money with this act. Sometimes they seize up to 20 trailers and take it to other countries. “We are really suffering. As you can see, there is no market. We just manage to sell. People are not buying the way they use to. we don’t buy it cheap. The amount we use to buy the meat is more expensive than before. The cow we by at N100,000 before now cost about N250,000 and above. When Jonathan was there, it was not as expensive like this. When we vote for Buhari, we thought things will get better, but now things has change from bad to worse.” Read More 
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