Legit.ng weekly price check: Reopening of worship centres excites traders

Legit.ng weekly price check: Reopening of worship centres excites traders

- Buyers and traders in popular Lagos market continue to worry over the rising cost price of some goods, following worship centres reopening

- At the market this week, Legit.ng had a chat with traders and their views on the latest development by the government

- They express satisfaction over the reopening of worship centres and the resumption of student in exit classes

A view of one of the popular market in Lagos state. Photo credit: Esther Odili

A view of one of the popular market in Lagos state. Photo credit: Esther Odili
Source: Original

In wake of the new reality, traders in markets across the state continue to worry over the rising cost price of goods, following resumption of students in exit classes and worship centres reopening from August 7, 2020.

This development was a step in the right direction and the impact on market environment would be a positive one.

Meanwhile, some goods at the market this week maintained their old prices while others are still sold at expensive rates. Legit.ng had a chat with the traders, some applauded the government’s effort so far in the fight against COVID-19 and others hope for a better and peaceful nation amid security challenges in the country.

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Following this latest decision, there are businesses that would boom and some traders are already in tune with ideas related to such businesses.

Some traders sell other items so as to make more profit after daily activity. Photo credit: Esther Odili

Some traders sell other items so as to make more profit after daily activity. Photo credit: Esther Odili
Source: Original

A trader who sells face/nose mask at the market, expressed satisfaction over the latest development by the state government while attending to her customers, she explained further to Legit.ng the businesses attached to the latest news in the state.

“This is the second attempt of reopening, and we are glad the government made this decision. It is a welcome development and one that would improve our business to an extent. Now, the sale of face and nose mask is also a welcome idea, as some of us who wanted to stop would now purchase more goods.

“Although, the face mask is very expensive due to the pandemic but the interesting thing is more materials are being used produce them and this makes room for alternative pieces of the face/nose mask. So, now we offer for sale the ones that are produced in Nigeria from N50 upwards while the ones that are imported are sold from N250 upwards,” The trader noted.

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Despite the reduction in the cost price of some goods, traders complain of poor sales. Photo credit: Esther Odili

Despite the reduction in the cost price of some goods, traders complain of poor sales. Photo credit: Esther Odili
Source: Original

For a trader who sells sandals, the low patronage has been an issue of concern for most sellers but with the latest news on resumption of students in exit classes, there would be a positive change in the market environment.

She said: “Business has been dull for a long time now, the pandemic has really dealt with us in so many ways. It is not easy for one to purchase goods and then end up not selling them as expected; it kills the flow of business gradually. The prices of rubber slippers and sandals have risen drastically especially after the virus surfaced in the country. Getting the goods is difficult and selling them as well is very difficult but with the decision by the government, there is going to be a change in weeks ahead.

“Now, the cost price of rubber sandals is determined by the quality of materials used and the design. in some markets, they are sold at wholesale prices while in others they are sold at retail prices. The ones that are sold from N350 before, now cost N700 and some are sold from N800 while the ones that are sold made from leather are sold from N1,500 upwards. Then the random slippers are sold from N300 and N350 upwards as against their old price of N200.

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“We have started making sales now following the students that resumed recently writing their final exams, and we are grateful for this development. With recent happenings in the country now especially the security issues, we are all hopeful for things to become better for us as a nation and this if we can support our leaders by obeying them and doing our own little bit in our small setting.”

At the market,some goods were displayed at an expensive rate due to high cost of purchase. Photo credit: Esther Odili

At the market,some goods were displayed at an expensive rate due to high cost of purchase. Photo credit: Esther Odili
Source: Original

For provisional items, there’s been stability in prices and the traders anticipate for better sales ahead of the reopening of worship centres in the state.

A trader who sells provisional items stated that the reopening of worship centres would not only bring about a change in the business environment rather a positive engagement.

In her opinion, she stated that: “The pandemic continues to affect the cost of goods and sales. There is no item in the market whose cost price has not been affected by the coronavirus pandemic; and traders are really affected to a large extent. We are not making sales like before. Everywhere is just too dry now.

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“The cost price of provisional items this week maintained stability while items like diary milk increased. So also we have an increment in items like the tomato paste, egg, sugar, bath soap, toiletries and more. The additional money on the cost price of the products ranges from N10, N20 and N30 upwards, for wholesale dealers. So, it is not easy to sell off goods with such a small increment in cost prices as some buyers won’t be willing to pay the additional cash on the cost price of these items, but some understands and would purchase the items from us without much conviction.

“We are making sales now and the resumption of some students helped business a bit this week especially for students who are in boarding house and teachers too. Also, the reopening of worship centres would keep some people who have been idle for some months now engaged in a positive manner; this is a good thing and the government should be applauded for the efforts so far in the fight against COVID-19. It is not easy for them as well but they are really trying to make the state a safe place for all.”

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Perishables, especially onion are still very expensive as informed by traders. But they are hopeful of better days ahead as worship centres reopen.

Onion is sold at an expensive rate in the market as tomato and pepper experienced a change in price. Photo credit: Esther Odili

Onion is sold at an expensive rate in the market as tomato and pepper experienced a change in price. Photo credit: Esther Odili
Source: Original

A seller explained to our correspondent the present cost price of the goods, supply and patronage level; adding that the governments are not relenting in their effort towards the fight against COVID-19.

“Managing the pandemic is not an easy task, we should appreciate our leaders. Their effort so far has been encouraging and they are not relenting in anyway. The cost price of most goods increased due to the pandemic and its still rising while some fluctuate.

“For tomatoes, it is very expensive as a big basket of round-shaped Benue tomatoes and Jos tomatoes can be purchased from N10,000 and N15,000 upwards while the tomatoes that are very much in supply; watery ones, the basket cost N7,000 and N8,000. In fact, you can get them from as low as N100 but the Jos and Benue ones are sold from N200 upwards.

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“Pepper is a bit affordable but onion is not. A bag of pepper, big-size is sold from N8,000 upwards while the small bag is sold from N2,500 and N4,000 upwards. A bag of onion, is still sold from N38,000 upwards. The supply is very okay but the patronage is not; it is very low. Buyers are going for the items that are displayed in large quantity and are not ready to settle for quality due to the present situation of the country,” the tomato seller informed.

This new yam are offered for sale from N1,500 upwards as revealed by the sellers. Photo credit: Esther Odili

This new yam are offered for sale from N1,500 upwards as revealed by the sellers. Photo credit: Esther Odili
Source: Original

Also new yams in the market are of very large supply as they are displayed in every stall around the market environment. The interesting thing is that, despite their availability, sellers lament poor sales as most buyers are not willing to purchase the item at such an increased rate.

In a chat with Legit.ng, a seller told us reasons why some buyers do not patronize them now as expected.

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“The new yam depending on the size and market location is a bit affordable and the supply is in large quantity in various markets across the state yet the people are not buying; while some complain that it is not yet strong for consumption, others complain of increased cost price.

“A big-sized yam cost N1,500 and the medium-sized ones are sold from N1,000 upwards and the small-sized yams are sold from N800 below. This news gives us a fresh of breath air. We understand the importance of freedom in the past few months and the most important thing is that we are moving on. With this news, we are certain of better days ahead for our businesses,” The yam seller anticipates.

Although the market is busy and crowded to an extent but the level of sales is very low, traders informed. Photo credit: Esther Odili

Although the market is busy and crowded to an extent but the level of sales is very low, traders informed. Photo credit: Esther Odili
Source: Original

Still at the market, rice maintained its cost price same with garri while there is a reduction in the cost price of beans.

For rice dealers, business is no longer the same as they are seated idle and others are not making sales as observed by our correspondent. Speaking with Legit.ng on the current happenings in the market, a rice dealer expressed optimism about this news.

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The dealer opined thus: “There is no much difference in the cost price of goods this week. Some were stable and others fluctuate. The cost price of rice remains the same while garri did not rise further but the cost price of beans reduced a bit. A bag of rice (foreign) is sold from N28,000 upwards while the local ones are sold from N23,000 upwards and the ones with stones from N19,000 but buyers settle for the local ons without stones more. For beans, a bag of olone is sold from N35,000 upwards same with olotu but a bag of oloyin cost N18,000 and a bag of garri is sold from N12,000 upwards while the paint bucket is sold from N700 upwards and others sell theirs from N750 upwards.

“Also, the availability, supply and cost price of foodstuff items did not change too but groundnut-oil is one item in the market that traders are not willing to reduce the cost price due to the increment in the cost of purchase as 25-litre cost N16,00 for branded ones while the refill is sold from N13,500 and N14,000 respectively. We are not selling and some of us resolve to sell other goods by the side so we would be able to survive this period.

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“There is nothing new going on in the market as at now but the reopening of worship centres would help improve our sales especially for some of us who comes to do our business after service. We are very grateful to the government for this decision and we plead with the people at large that as they go to their place of worship, they should help obey the rules and abide strictly by them; we can help support the government in doing so in other to help flatten the curve of the virus.”

Fruit sellers at the market are optimistic of better sales as worship centres reopen. Photo credit: Esther Odili

Fruit sellers at the market are optimistic of better sales as worship centres reopen. Photo credit: Esther Odili
Source: Original

Some fruits at the market are very expensive and their supply very low while the ones in season are available and very affordable but sellers are more in tune with the reopening of worship centres.

A fruit seller shared her thought on the development by the government. The orange seller who hails from the northern region of the country said: “We sell what we buy as traders. Fruit is one item that sells any day and at any time notwithstanding the situation; it is purchased by both the rich and the poor.

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“Some fruits are very expensive now, due to the seasonal factors and their supply chain as the supply often determines the cost price of the fruits. If it is supplied in large quantity, it would be sold at affordable rates and if not, it would be sold at an expensive rate.

“Presently, orange is a bit expensive same with banana, coconut and apple but fruits like pineapple, garden egg, pawpaw, cucumber and water melon are sold at cheap prices in the market and they are supplied in large quantity.

“The reopening of worship centres is the right thing to do and the government has tried so far in making sure certain things are done right and this is one of them this period. It would really help to boost sales this period because after service, buyers visit the market to get some goods and this would add positively to the profit we are making daily. So we are very sure of better sales henceforth. But it is important for us all to take responsibility of our lives by obeying our healthcare workers and medical experts as well as the government so we can defeat this virus in the country because it is real. ”

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