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.