Eid-el-kabir: Traders and ram sellers complain bitterly

By Sanni Muhammed September 23, 2015 19:59

Eid-el-kabir: Traders and ram sellers complain bitterly

The economic hardship facing the country is set to mute this year’s Eid-el-Kabir celebrations as traders and ram sellers have complained bitterly over the low patronage already recoded despite President Muhammadu Buhari’s promise of “Change.”

Major ram sellers in the Federal Capital Territory, Abuja and Nasarawa State who spoke with POST NIGERIA lamented the unprecedented low sales, in spite of the low price tags of the available rams.

    “I came from Adamawa with 150 rams and I have not been able to sell up to even 20 because all the customers have been complaining about no money in the economy, I am tired of all this, Buhari should release money for people to buy rams,” Musa Bello a ram seller in Gwarimpa said in Hausa.

Another ram seller in the Life Camp area, Haruna Mai Nama indicated that on account of the low patronage, the prices of the rams have all been slashed from N40,000 to 30,000 and even N20,000.

    “We don even reduce the price and people no never buy, as at last month, we day sell like 80,000, some 60,000 and even 50,000, but now as people no buy, we don even reduce am to 40,000, and 37,000 and some customers say e too much, we don tire because we no fit carry the rams go back to Adamawa like that,” he said with some frustration.

    “Business in very bad because we are not selling like we expected, there is no money everywhere, everything is tight and customers just come and price the rams and go away, they say there is no money in circulation,” Danjuma Uthman in Masaka, Nasarawa State said in Hausa language.

When POST NIGERIA visited the popular Wuse Market and Utoko markets, there were few people buying and selling compared to previous celebrations.

Shop owners also complained of low patronage which they attributed to late payment of salaries and the slow pace of the Buhari administration.

Food items mostly consumed during the festive periods are available in large quantities, with little or no changes in prices, yet traders are complaining of the slow pace of sales in comparison with the previous year.

Latest figures from the Nigerian Bureau of Statistics, NBS, have also shown slow growth in the last four months of Buhari’s administration.

This has been attributed to the lack of economic direction which has caused loss of jobs in major sectors of the economy, especially in the informal sector where the small businesses have been worst hit.

Nigerians have also demanded that the monthly stipends of N5000 to over 25 million unemployed youths promised by Buhari during the campaign period be fulfilled as part of palliatives to cushion the effect of the growing hardship in the economy.

See: Buhari, yet to find right jobs for Nigerian youth – Presidency

The fall-out of the hardship has forced the Central bank of Nigeria, CBN, to predict a possible recession for the Nigerian economy in the first quarter of 2016, if Buhari does not put in motion his economic blueprint.

See: CBN Committee paints bleak picture for Nigerian economy

See: Nigerian unemployment has risen to 7.5% – NBS