Traders at the Aso community in Karu Local Government Area of Nasarawa state have claimed that inflation been witnessed in the prices of goods in the market is as a result of coronavirus.
Some of the traders who spoke to the Media Advocacy West Africa Foundation (MAWA Foundation) team that visited the community claimed that the high cost of goods in the market is a result of coronavirus.
Mr. Sunday Jideofor, a trader in the community market while speaking to the MAWA team, said prices of goods rose right from the time of coronavirus lockdown and has continued to move in an upward trend, pointing out that has contributed to the suffering of the residents.
Jideofor said the high rise in the price of goods is affecting businesses as sellers are losing profits.
He however added that since the price of goods has gone high; many consumers cannot afford goods and services in the market resulting in a low turnover in business.
Another trader, Mr. Clifford Ogu, who sells motor parts in the area, told MAWA that the damage done to Nigeria’s economy as a result of coronavirus will take over 10 years to be corrected.
Ogu added that he lost huge income to coronavirus, pointing out that since the pandemic began he has recorded a very huge low business turnout, adding that his customers no longer patronize him as usual.
Mrs. Chinyere Agu, who sells female hair attachment, blamed the rise of the dollar exchange rate as a result of coronavirus to be responsible for the current inflation in the market.
Agu pointed out that her business has since continued to face a huge drop as a result of low turnout.
A situation she said became prevalent as a result of the pandemic that has destroyed the economy and distorted the businesses.
She, however, called on the government to put a workable alternative in place to avert a huge economic consequence of coronavirus on the country’s economy.
Mrs. Monica Eze, who sells food items in the market told MAWA that as soon as coronavirus lockdown began, prices of goods went up and never came down. He, however, added that the high cost of goods, mainly food items is a major reason many community residents are suffering.
” I am over 45 years and have done this business for over 25 years, no time did I see poverty and suffering like the coronavirus period, the lockdown was a hell, and I pray that never happens again,” Eze told MAWA.
This report is supported by the Open Society Initiative for West Africa OSIWA