Kogi traders stage protest over economic hardship, as bag of cement sells between #7500 and #8000
Hundreds of traders in Lokoja, Kogi state capital trooped out on Wednesday to protest over high cost of essential commodities and materials across the state.
The traders mainly market women and men lamented the soaring prices of food items which have affected patronage.
Mrs Ladi, a trader who deals in rice and beans, speaking said the sharp increase in the cost of the commodities had affected her business capital as sales was low.
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She stated that she could hardly make profit after trading.
“Mudu of rice which was selling for N800 now cost N1,700. This is because a bag of rice which cost N35,000 has now increased to N65,000. With this, we cannot make our own profit.
“This is the reason we are calling on the government to come to our aid by subsidising commodities grown in Nigeria. We are tired of low sales,” she said.
Another trader lamented that despite efforts by traders to part with some profits on goods, poor patronage had become discouraging.
“There is nothing to show for our efforts in terms of expected gains or profit. We are only praying that our labour should not be in vain at the close of trading activities,” she said.
Mrs Laruba, who sells palm oil, lamented that she usually travel to Kogi East to purchase the commodity. But she expressed regrets that the business is no longer profitable.
She added that by the time she calculated her expenses and subtracted the same from the cost of the items, buyers often felt cheated.
Mrs Adah, a vegetable trader, urged the Federal Government to address the astronomical increase in the cost of food items.
She said, ,”Prices of pepper, rice, beans among others have all gone up and the hike in price cut across every item. To worsen the situation, the government is not helping matters.
“We are pleading with the government to assist us with a view to ensuring the reduction in the price of food items. We are only managing to eat. The hike in price of commodities has almost eroded our profit.”
Our correspondent who visited some markets in Lokoja discovered that most traders have closed shop as buyers no longer patronize them due to the exorbitant cost of commodities.
Our correspondents across the state also confirmed the scarcity of cement as the current price is between #7500 and #8000 in Lokoja, Kabba, Okene and Ayingba, making the product out of reach to average Nigerian.
Some of the people who spoke to our reporter lamented while a product like cement that is being manufactured in the state becomes too expensive for the people to afford, stressing that despite the promised by Bua cement to sell at #3500, the product became more expensive in February.
“We bought cement in January #4800 but today is between #7500 and #8000 depending on your location, this is becoming unbearable for the people, with the removal of petroleum subsidy, things has not be the same again in the country”
“We appeal to President Tinubu to have a rethink on some of his policies as the streets are not happy at all, this dollar thing, petroleum subsidy etc need to be revisited”
