Business
Prices Of Goods Drop At Kaduna Trade Fair
Some traders at the ongo
ing 35th Kaduna International Trade Fair said high patronage had forced down price of goods by 50 per cent.
They told newsmen in Kaduna on Friday that the traders at the fair attributed the price drop to cash flow problems.
Alhaji Usman Himma, a wrist watch seller from Niger Republic, said he had to reduce the price of his goods from N5, 000 to N2, 500.
He said that the reduction had made him to be “making reasonable sales with substantial profits.”
Himma said that security situation in the state had improved and called for its sustenance to attract more investors.
Yusuf Sahy, a gown dealer from Egypt, said that he had slashed the price of his goods from N10, 000 to N5, 000, while some were even going for lower rates.
He said that the drop in the price was attracting large turnout of buyers, adding that he had been able to sell goods worth N150, 000 within three days.
Abubakar Uthman, who sells veils, said he had to cut the price of his good from N3, 000 to N1, 500, stressing that the reduction had “attracted high patronage.”
Uthman said that the reduction in price of goods was due to low patronage and limited cash flow of buyers.
“If you don’t drop price, you are taking the goods back home which is a great loss; one has to cut the price to make more sales,” he said.
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“The approved selling prices are as follows: One-bedroom semi-detached bungalow, N8.5 million; two-bedroom semi-detached bungalow: N11.5 million and three-bedroom semi-detached bungalow, N12.5 million,” the statement added.
Minister of Housing and Urban Development, Ahmed Dangiwa, stated that priority in the allocation of the housing units would be given to low and middle-income earners, civil servants at all levels of government, employees in the organised private sector with verifiable sources of income, and Nigerians in the Diaspora who wish to own homes in the country.
The Permanent Secretary in the ministry, Dr. Shuaib Belgore, explained that several payment options have been provided to make the houses affordable and flexible. These include outright (full) payment, mortgage, rent-to-own scheme, and installment payment plans.
The ministry further announced that the sale of the completed housing units across the northern and southern regions will soon commence.
“Applications can be made through the Renewed Hope Housing online portal at www.renewedhopehomes.fmhud.
The ministry, however, clarified that the approved prices apply strictly to the Renewed Hope Housing Estates which are funded through the ministry’s budgetary allocation, as against the Renewed Hope Cities in Karsana Abuja, Janguza Kano, Ibeju Lekki, Lagos which are being funded through a Public Private Partnership (PPP).
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