Traders in Kogi State joined the growing chorus of discontent against the harsh economic conditions imposed by the Bola Tinubu-led administration, as they took to the streets of Lokoja, the state capital, in protest against the skyrocketing prices of essential goods.
This mass demonstration mirrored similar actions seen in other states, including Niger State, where residents expressed frustration over the unbearable inflationary pressures they face, as reported by Sahara Reporters on Wednesday, February 7, 2024.
“Prices of pepper, rice, beans among others have all gone up and the hike in price cuts across every item. To worsen the situation, the government is not helping matters,” remarked Mrs. Adah, a vegetable vendor, encapsulating the widespread sentiment among traders.
Market women and men in Lokoja voiced their grievances about the incessant rise in the prices of basic commodities, which has severely impacted their businesses and led to a decline in patronage.
Photographs obtained by SaharaReporters captured the scenes of agitation as protesters demanded an end to the economic hardships inflicted upon them.
“We are pleading with the government to assist us with a view to ensuring the reduction in the price of food items. We are only managing to eat. The hike in the price of commodities has almost eroded our profit,” implored Mrs. Adah, emphazing the urgent need for government intervention.
According to reports from Daily Post, traders in Lokoja resorted to closing their shops due to the lack of customers, exacerbated by the exorbitant costs of goods. “There is nothing to show for our efforts in terms of expected gains or profit. We are only praying that our labor should not be in vain at the close of trading activities,” expressed one trader, highlighting the grim reality faced by small businesses.
Mrs. Ladi, a rice and beans vendor, lamented the significant hike in prices, citing examples such as the doubling of rice prices from N35,000 to N65,000 per bag, which has resulted in minimal profits and reduced sales.
“Mudu of rice which was selling for N800 now cost N1,700. This is because a bag of rice which cost N35,000 has now increased to N65,000. With this, we cannot make our own profit,” she revealed, reflecting the dire financial strain experienced by traders.
Another trader expressed frustration over the meager profits despite efforts to maintain competitive pricing, highlighting the discouraging lack of patronage amidst the challenging economic climate.
“There is nothing to show for our efforts in terms of expected gains or profit. We are only praying that our labor should not be in vain at the close of trading activities,” lamented a trader, echoing the sentiments of many struggling entrepreneurs.