Markets in the city of Lagos State appear not to be making as much sales as are usually common with the End-of-year season.
As residents prepare for the celebration of Christmas and New Year, traders at the popular Ketu Market say they are not seeing any improvement in the shopping patterns.
Lasgidi FM’s CHUKWUEMEKA OBIOMA was at the Ketu Market and observed that prices of commodities are three times higher than what they were by this time last year.
At the rice section of the market, a fifty-kilogram bag of long grains foreign rice sells for between twenty-nine and thirty thousand naira, while the local brands sell for as much as twenty-two thousand naira.
A bag of onions now sells for up to ninety thousand naira, even thousand though the traders said it used to sell for much higher some weeks ago.
Our correspondent also visited the livestock section of the Ketu Market where he spoke to traders on the prices of their goods.
Some of the traders blamed the current trend on the continued closure of Nigeria’s land borders, high foreign exchange rate, and low purchasing power of citizens.
Meanwhile; some Lagos residents who spoke with our correspondent on the situation of things at the markets, said they have no big plans for the end-of-year season.