Traders in Enugu lament high inflation
A trader at Abakpa-Nike market, Mr Ugonna Ebo, who deals on plastics, said that his business was always confronted with constant price change.
Traders in Enugu State have lamented the worsening economic situation occasioned by skyrocketing inflation in the country.
The traders stated this in Enugu on Thursday in separate interviews with the newsmen.
Some of the traders who spoke to newsmen said the inflation was negatively affecting the prices of goods in the market, as they kept increasing on a daily basis.
They appealed to the federal government to urgently do the needful to arrest the rising inflation in the country.
A trader at Abakpa-Nike market, Mr. Ugonna Ebo, who deals in plastics, said that his business was always confronted with constant price changes.
Ebo noted that the development was slowing down his business as customers complained of price increases, which most times scare them away from patronage.
He said that a quality plastic bucket, which used to sell for N500 before now, was now selling for N1,200, adding that customers who could not afford the quality one were forced to buy inferior buckets.
According to him, many of my customers are seeking for alternative to enable them cushion the effect of the bad economy in the country.
A food seller at Ogbete market, who pleaded anonymity, said the inflation was worse in food commodity, making it difficult for average Nigerians to feed well.
She said that rice, which was a staple food for many Nigerians, was now considered luxury for the rich, as a 50kg bag of foreign rice was selling at between N55,000 and N60,000 while the local rice now sold for between N42,000 and N45,000.
She wondered how low-income earners and poor people would survive in the present difficult economic situation, which she added was not improving any time soon.
A girl who runs a provision at new heaven market Miss Chidera Ani said she was on the verge of closing down her shop as she could not cope with the soaring prices of goods in the market.
Ani lamented that most of her customers, who preferred to buy soft drinks like Coca-Cola and others, have stopped doing so, especially with the price adjustment to N300, as against N200 previously sold.