Economy

Christmas: Shoppers Decry High Cost of Goods

With Christmas just a few hours away, traders in Ibadan have lamented hike in prices of commodities.
Radio Nigeria correspondent who visit some markets in Ibadan including Dugbe, Ogunpa, Agbeni, Bodija and Ọjà Ọba markets reports that some traders who deal in pepper and rice also decried low patronage.
The traders attributed the hike in prices to the aftermath of the #EndSARS protest and the prevailing COVID-19 pandemic.
Textile and shoe traders explained that high cost of production was responsible for the increase in price of most their merchandise.
In the same vein, some of the buyers at the markets lamented that their purchasing power has been weakened due to the inflated cost of goods.
They, however, expressed hope that they would be able to buy other items needed for the festive season whenever December salaries were paid.


Funmilola Obagbayegun/Olaolu Fawole

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