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Some traders at June 12 Panseke market Abeokuta Ogun state on Monday lamented over high cost of commodities
PLATFORM TIMES reporter ,who visited the market observed that most of the traders have closed their shops due to the low patronage of their commodities.
In an interview with PLATFORM TIMES, a provision Seller Adebakin Adebimpe complained that the sales has been dull due to high of commodities.
She said, “for instance they sold bag of rice at the rate of N16,000 before and now is #22,000.
“Since the Federal Government has closed the Benin Republic borders, rice traders are no longer gaining entry into the country and it is really affecting the price of rice and other goods coming from that side.
“And if the goods are costly and the market is moving fast it will be better they are just using their capital for business.”
She said many people have stopped patronising them before the high cost of commodities.
Another trader who spoke with PLATFORM TIMES blamed the high cost of commodity on incessant terror attacks and kidnappings in the country on the high cost of commodities
He lamented that farmers in many parts of the country have since abandoned their farming activities for the safety of their lives.
The trader added “is only logical that we sell at a high cost to cover their expenses”
A butcher Adeyanju Adebayo also lamented that meat is very expensive,adding that a cow that was sold for #70,000 before is now sold for #110,000.
He said”,we usually go extra mile to borrow money so that we can meet up with the cost of a cow and people are not patronising us like before. ”
Narrating their experience as butchers, Adebayo said they sell their meat in a low price.
When asked about the cause of the high cost of cow they said “We cannot say what actually caused the high price maybe it is because of the Fulani herdsman problems or the Covid-19 pandemic.”