High level of Inflation.
Sabo Market is a place where goods such as cabbage, tomatoes, cucumber, onions are sold with buyers coming from different parts of the country. According to our report a basket of tomatoes is sold between N7,000 to N8,000. But the story is different with onions whose price rose from N17,000 to N35,000, adding that onion was the only perishable goods so far that its price had risen up in the market.
Malam Musa Saleh, a popular tomato seller in sabo market, He said that the price of the products is often determined by their availability in the market and the number of buyers in the market.The prices change from time to time depending on the Market days and its availability in the market. If you go to other states, the price is different.
Malam Musa explain that the pepper harvested in the northern part of the country is now out of season while the Yoruba pepper presently in the market is short in supply since it is just coming out, which has led to the increase in the price of pepper. the supply of new onions to the market was low compared to the influx that was seen two weeks ago.
Mr Yusuf a major onion dealer revealed that the price of onions has been unstable since the announcement of the Association of onion farmers, on putting a hold on the supply of onions to the southern part of Nigeria, due to the killings, banditry and inter-tribal killings in the north and south. however explained that the association did not halt onion supply to the southern part, but reiterated that the price is still on the high side.
Also Mallam Nurudeen Hassan a trader at the Sabo market said although the price of a big bag of onion declined, it is still unstable. Last week it was 20k but now a bag is now 25k and it might increase again.
A customer at the market who came to buy onions also complained, “look at what we are facing every day in this country. Nothing seems to be declining today it is costly and tomorrow it is costlier. May God save us in this country she lamented.
News by: Akokoba Daniel.
Matric number: 2009072247.
Comments
Post a Comment