Katsina Women Trade Jewelry for Last-Minute Christmas Shopping
Several market vendors from Katsina State’s Katsina Central Market have lamented the low consumer turnout ahead of tomorrow’s Christmas celebrations.
Investigations by Arewa PUNCH also show that, despite the people’ optimistic expectations leading up to the Christmas holiday, “Baa’kudi”—which translates to “no money”—has been the only song they frequently sing.
The upshot of the aforementioned, according to our correspondent, is that while the locals are complaining about their limited purchasing power, which prevents them from adequately providing for their families’ everyday requirements, the situation is also having a detrimental effect on market vendors of goods.
Mansir Yusuf, the secretary of the Katsina Central Market Traders Association and a cosmetics vendor, bemoaned the fact that inflation has caused 80%
After 20 years of conducting business in Katsina State, he claims that this year’s challenge is unlike any other. Our enterprises have been severely damaged by inflation. Traders are wary of going to marketplaces because of the increase in commodities. Since the start of the current administration, I never go to the market without seeing new pricing for the same products. I disagree with some schools of thinking that claim it is due to global change since Nigerian inflation has taken on a new dimension.
Due to a lack of capital, customers are not returning to us. We used to be able to have over 100 people in the store, but these days we barely have 20. This means inflation has sent 80 per cent of our customers away.
“The government has the authority to address this inflation if it so chooses, and I promise that we marketers will work together to improve our nation.” We are prepared to support the expansion of the national economy. The economy of the North is collapsing daily. He suggested that the administration think about lowering the dollar rate.