By Franca Ochigbo, Abuja
Despite high rate of inflation in the country, traders and exhibitors at 16th Abuja International Trade Fair (AITF) appeared to have crashed prices of major goods and products at the ongoing trade fair at Abuja Chamber of Commerce and Industry and Industry (ACCI).
A survey of exhibition stands at the fair show that the prices of good and products are lower than what are obtainable at major Abuja markets such as Wuse, Utako, Kaura and Garki markets respectively.
A visit by a group of journalists revealed that the exhibition which opened just two days ago is already attracting huge patronage as many Nigerians in the Federal Capital Territory seek to take advantage of the low prices.
An exhibitor, Mr. David Ugo said they decided to crash the prices because many of them understand the low purchasing power among consumers stating that the economy is in bad shape and most of the traders are not focusing on big profits but to dispose their stocks.
The Director General of the ACCI, Mrs. Victoria Akai said prices are normally low at the annual trade fair because exhibitors adopt several pricing strategies. In reality, real shopping is best done at Trade Fair because of price advantage.
According to her, “Records at our annual fair confirm that price advantage. So we normally records high patronage. For this year, it is not different because the economic situation demands consumers to buy smartly,” she said.
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