Traders it the country now throng Aba, Onitsha, Lagos, and Kano markets,
among others, to buy goods in order to remain in business, the Punch
reports. This is due to the scarcity of dollar in both commercial banks
and the black market. Some of the traders, who are majorly importers of
textiles and other materials, said the scarcity has continued to affect
their businesses. The traders claimed that they decided to buy from the
local markets in order to meet the demands of their customers and to
"avoid being pushed out of their sources of livelihood."
The Managing Director, Ziza Cosmetics, Bauchi, Mrs. Christabel Rowland, said the dollar scarcity had almost "ruined" her business before she resorted to buying goods from the Kano market. She said, "Apart from the scarcity of dollar, the exchange rate is just rising with no sign of it dropping. The traders described buying goods abroad presently as suicidal as customers would not be able to afford such goods.
The Managing Director, Ziza Cosmetics, Bauchi, Mrs. Christabel Rowland, said the dollar scarcity had almost "ruined" her business before she resorted to buying goods from the Kano market. She said, "Apart from the scarcity of dollar, the exchange rate is just rising with no sign of it dropping. The traders described buying goods abroad presently as suicidal as customers would not be able to afford such goods.
No comments:
Post a Comment