Economy

By Dayo Adu

With less 24 than hours into the Eid-el-Fitr celebration, residents in Ibadan defied the economic situation to make last-minute preparations for the end of Ramadan festivities.

The residents were seen buying foodstuffs and materials needed for the celebration.

At some of the markets visited, including Bodija, Akinyele, Gbagi, Aleshinloye, Ogunpa and Dugbe the residents while narrating their experiences lamented the cost of commodities in the market.

Two customers, Miss Sade Ogunsetan and Mrs Funke Akinrinloye said they could not make sufficient purchases of needed items due to the unexpected price increase.

Also speaking, some traders who blamed the situation on the unstable dollar exchange rate, said the increase in the commodities prices was also influenced by the current pump price of fuel.

A visit to Obafemi Awolowo Train Station, Moniya, Ibadan, showed a large number of passengers arriving in the ancient city ahead of the Eid-el-Fitr celebration.

The passengers who lamented the usual delay at Abeokuta said their movement schedule had been affected despite meeting up with the departure time in Lagos.

At various motor parks within the metropolis, it was observed that transport fare was not increased as passengers were seen boarding vehicles to go outside the state capital while some were arriving.

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Ibadan metropolis witnessed light traffic in the early hours of today just as recreation centres and eateries experienced low turnout.

At the popular Ventura at Sango and Trans Amusement Park, scanty fun-seekers turn out.

Radio Nigeria correspondent, who also monitored the traffic situation, observed areas such as the University of Ibadan main gate Iwo Road, Sango, Aleshinloye junction and Oke Padre, which usually witnessed heavy vehicular movement, had free flow of traffic.

Also, inter-state motor parks had scanty passengers travelling out of the ancient city.

An intra-city car operator, Mr Ade Lukman said residents were still in the mood of celebration in their various homes.

Mr Lukman said the economic situation had cautioned individuals to be mindful of spending.

He expressed optimism that there would larger turnout later in the day saying people cannot afford not to visit their relations and friends.

Rotimi Famakin