Tag: Traders

  • Making a living  by the tarmac

    Making a living by the tarmac

    Overtime, rural women in towns and villages alongside interstate highways have made it a habit to display their farm produce by the roadsides and make quick money. But couldn’t they have taken their wares to the nearest market and still make their sales, rather than expose themselves to the dangers of the gentlemen of the highways and even accidents? Godwin Simon just back from a trip to Ekiti State took time to speak with some of the traders, especially on their preference for the highways.

    NATURALLY, farm produce are expected to be taken to the market places for sale. This is because buyers right from time immemorial have fixed their minds on the market as a place where they can always access goods and products of all sorts to purchase.

    However, some farmers and village women have long defied this traditional arrangement of selling their produce at the market, opting instead to display them by major highways, where travellers driving past will always spot them and stop by. Usually their locations are somewhat close to their farms, something that may be borne out of convenience. For reasons best known to them, these group of traders have also continued to increase, somehow generating curiousity; even as they make available fresh produce to travellers, who barely have time to go to the markets.

    As experienced by this reporter on his recent trip to Ekiti, these traders who incidentally are also the farmers of the produce, they take cover under trees beside the road, while some make small tents under which they store some of their produce. Prominent among the produce on display are usually plantain, yam, orange, maize and banana.

    One of the farmers, Mrs. Salawu in an interview with this reporter disclosed that the reason for their selling along highway is strategic and economic. According to her, “We decided not to go and join others in the main market for personal reasons. This place is our own market. It’s all a matter of strategy. If we go to the main market, we may not make enough sales because competition there is stiffer. Things are also more expensive at the market due to cost of transportation.

    “Here, people easily locate us without stress; they come to us and take their time to negotiate with us. We don’t have fixed prices here and all our products are negotiable.”

    She said their produce hardly get spoilt before sale as patronage has increased over the years. “We don’t need any preservatives; we are not even acquainted with all these modern means of preservation. All we do is expose them to fresh air. Do you know the number of people that pass through here daily? Most of them stop to buy one thing or the other.” She said.

    Mrs. Giwa, who has been on the location for five years revealed that two of her children are in universities and their sponsorship is based on the income generated from her trade. “Some people think that we are nobody or that we are the poorest, but this is not true. Some of us have children in universities. Personally, I have two children in universities whom I sponsor with my gains from here.

    “My husband owns the farm; I help him to do the selling and we sustain our family with it. My hubby and I are uneducated, but we have vowed to sponsor all our children to tertiary education level and we hope that God will help us to achieve this.”

    She expressly dismissed fears of robbers’ attack, noting that in her 5-year stay in the business, she has neither experienced nor heard any case of farmers being robbed in the area. She attributed this to the grace of God over their lives, as she believes that optimum security comes from God.

    A young man, Mr. Adio, who said he is in his late twenties and specialises in selling plantains stated that he inherited the plantain farm from his father and has decided to concentrate on farming rather than engaging in anti-social activities. He disclosed that he has a primary six certificate but could not further his studies due to financial constraint caused mainly by his father’s illness which later led to his death.

    His words, “Since I couldn’t further my education, I decided to engage in farming. With this, I am able to keep myself together. Though I’m not yet married, but I will soon get my wife.”

    Responding to questions on why they don’t take their produce to farms, he noted that he has a personal reason for this. He said, “We believe that we are freer here. Most importantly is the problem of transportation. Those truck owners often charge high prices for their service. I used to make use of the market, but when I discovered that I often ran into loss due to exorbitant transport charges, I decided to try the road-side marketing, only to discover that it is better. Aside that you no longer need to pay for transport, patronage here is comparably higher than what obtains at the market.”

    Commenting on how they make profit, he said since the farmers are the owners of the produce, what they need is just to sell and keep the money. “If we sell, the money is ours. If we don’t sell, the produce remains ours. So, profit making depends on how well you can sell. There is little or no financial demand on us. We don’t share our money with anybody. Once you subtract the amount you spent on the farm, which is sometimes not easy to calculate, the rest is yours.” He explained.

    He added that they make more sales during festive periods like Christmas and New Year as more people often travel during these periods. He expressed optimism that this year won’t be different.

    Customers who managed to speak with our reporter stated that they prefer the road-side traders because they can easily get fresh farm produce with little stress.

    Mr. Ayodeji Fatoba who works with Greensworld Global Services Limited noted that he prefers buying farm produce by the highways majorly for the freshness of the produce on display. He said, “You can see that these plantains are fresh and very mature. You can’t find these at the market, especially Lagos where I live. The cheap price coupled with the quality of produce make me a regular buyer here. Produce in the markets are predominantly substandard in terms of quality, while their high price is ridiculous. Why not stop here where you will get quality ones at a reduced price?” He retorted.

    Another customer, Mr. Edward said he cherished the accessibility of produce at their locations. “One can easily stop here, buy what he wants and zoom off. I don’t have time to be parading the market, especially when I’m on a journey like this. So, the only option I have is to buy in an easily accessible place.”

  • Forex traders seek standard regulator

    Forex traders seek standard regulator

    Foreign Exchange (FOREX)traders have decried the absence of a regulator which can curb the scamming of traders by unauthorised brokers who hoard funds.

    The traders lamented the way some brokers keep traders funds with impunity.

    They said brokers must ensure that traders were adequately protected.

    The Chief Executive Officer (CEO) of Kards Nigeria Limited/FXPULP, Mr Kunle Adeyeri, said forex trading could work as an effective panacea to unemployment crisis in Nigeria.

    Adeyeri, whose company was one of the exhibitors, said this is the best time for people to engage in the trade and reap proceeds.

    The Chief Executive Officer of Naira4Gold, Mr Ifeanyi Uche, who at the expo addressed the evolution of online currency trading in Nigeria, said protection and regulation should not only cover brokers collecting the money, but traders also. He said traders can come together as a body to protect their interest with proper organisation to yield good results.

    Uche said the problems of Forex trading in Nigeria includes the focus on the use of mathematical indicator which often fail to analyse market moves, the focus on making profits and taking profitable tables, and most lack interest in developing themselves to become successful traders among others.

    He recommended that traders should study the market deeply and identify the prevailing trend.

    Uche urged brokers to adjust their policies to ensure fair play for everyone adding that brokers should not only encourage policies which favour them but also traders. He said the qualities expected of traders are discipline, consistency, confidence, courage cum patience.

    The business development manager of the IronFX, Mr Yagub Rahimov, admonished traders to carry out proper investigation about brokers and confirm if they are licensed. He said: ‘I am aware of the fact that so many people have lost a lot of money and like they said, the brokers really don’t care but this is not true. I believe before you walk up to a broker to invest a fund, profit is not the first thing you should be thinking of, the first thing you should be thinking of is how regulated your broker is. When a broker says I’m regulated with Financial Conduct Authority, send an email to the FCA asking them this registration no that is being provided by this broker, how true is it? Find out if the broker has been involved in any previous or current price manipulation.”

     

  • Traders, exhibitors lament  low sales at Lagos fair

    Traders, exhibitors lament low sales at Lagos fair

    Traders and exhibitors have expressed sadness over poor sales at the just-concluded Lagos Trade Fair.

    Companies’ executives also berated the huge amount of money they paid in acquiring spaces to exhibit their goods at the fair ground at the Tafawa Balewa Square (TBS), Lagos.

    An exhibitor at the Abia State stand, Mr Cosmos Onyeibe, told The Nation that their stand was too small to accommodate about 17 exhibitors that came with the state government.

    It was learnt that over 1,000 companies, several traders and hawkers participated in the fair, which held between November 1 and 10.

    Investigation by The Nation revealed that to rent a square metre of space at the fair cost as much as N8,000.

    The Sales Representatives, Eteleson Group, Mr Clement Odo, said the company recorded low patronage and sales for its products, saying that the fair should have been held at the usual Trade Fair Complex along Mile 2/Badagry Expressway.

    Also, the Manager, Seven Stars Company, which specialises in selling toiletries, Mr Chuks Ohams, said the company was faced with challenges at the fair and had low sales after paying N340,000 for a space.

     

     

    Ohams also condemned the shifting of the fair ground from Trade Fair Complex to TBS.

    “Badagry area is the main place for event like that, but maybe they brought it TBS because of bad road. But there was traffic congestion along the TBS area also. I can confirm to you that we run at a lost at the fair,” he said.

    Assistant Marketing Manager, Zenon Laboratory Chemical Industry Segun Okulaja, said the TBS venue was too small and bemoaned the low turnout of people.

    “There was a huge drop in our sales. This venue was too small. We recorded little profit despite paying N300,000 to acquire space here. I will rate this fair 30 per cent successful,” Okulaja said.

    Also, an exhibitor at Abia State stand, Mr Cosmos Onyeibe, said the stand allocated to them was too small to accommodate about 17 exhibitors that came with the state government.

    “We are not happy with the 2013 Lagos Fair; the stand was too small; we were 17 exhibitors the came with the Abia State Government and we did not have enough room to exhibit our goods.So we are not happy at all,” he said.

    But while declaring this year’s fair closed last Sunday, the Lagos State Governor Babatunde Fashola who was represented by  the Commissioner for Commerce and Industry, Mrs Sola Oworu urged the private sector to invest more in the state’s economy, saying that that for Lagos to meet up with the mega city status, more private investment is needed in the state

    “We have long recognized that for us to achieve our dream of becoming Africa’s model megacity by 2015, there is the need to attract more private sector investments into the State in order to create jobs and increase productivity. Our development obligations as a State place on us the responsibility of developing strategies that will help us to harness public and private investments with a view to having a dynamic and expanding economy that is functional and visually attractive,” Fashola said.

  • Farmers, traders, PFN to endorse candidate next week

    As the November 16 governorship election draws near, market leaders, farmers and members of the Pentecostal Fellowship of Nigeria (PFN) have begun meetings to decide on which candidate to vote for.

    But the groups said favouritism and violence should be discarded, adding that they would work against such ideas.

    Briefing our correspondent yesterday in Awka, the spokesman for the Awka South Market Amalgamated Traders Union (ASMATU), Comrade Obi Ochije, said by next week the groups would decide on who to support.

    He hailed the governorship candidates, their parties and security agencies on the campaigns so far.

    Ochije said it was commendable that there had not been violence.

    He urged parents to discourage their children from being used by politicians to cause violence.

    Ochije warned the Independent National Electoral Commission (INEC) not to be biased, adding that they would not tolerate what happened during the Anambra Central poll in 2011.

    Said he: “We warn INEC to ensure that this election is free, fair and credible because the world is watching.

    “We are aware that the INEC Chairman, Prof. Attahiru Jega, is a reliable person. He will not allow some charlatans working with him to mess up the Anambra election.

    “The masses do not have confidence in some of the Resident Electoral Commissioners (RECs), including the one in Anambra State and we are supporting the Peoples Democratic Party (PDP) in calling for his removal.

    “What happened during the Anambra Central election when the REC wanted to change the choice of the masses is an eye opener and the people will not keep quiet again.”

  • 1,417 street traders, hawkers prosecuted

    The FCT Administration has arrested a total of 1,469 street traders and hawkers in the metropolis between July and August.

    FCT Minister, Senator Bala Mohammed revealed this in his office after meeting with the officials of the Abuja Environmental Protection Board (AEPB).

    The Minister disclosed that out of this number, 1,417 of the street traders/hawkers were prosecuted and convicted within that period to serve as deterrent.

    Senator Mohammed further revealed that 99 of the street traders/hawkers convicted were sentenced to various terms in prison.

    According to him, a total of 2,300 nuisances reported to the Abuja Environmental Protection Board were fully addressed across the Federal Capital City during the period under review.

    He said that 235nos of various types of sewer complaints (bleeding manholes) in the Federal Capital City were also resolved between July 1, 2013 and August 16, 2013.

    The Minister remarked that Sanitary Inspectors inspected 520 premises within the Federal Capital City and were given health talk on sanitation; while 11 premises were fumigated as required.

    His words: “Pilot Survey of available Waste Receptacles was carried out in Area 1, section I, Garki I District; Aso Drive and Gana Street, Maitama District of the Federal Capital City respectively”.

     

  • Traders lament low  sales at abattoir

    Traders lament low sales at abattoir

    Traders at the Ajelogo abattoir in Mile Two, Lagos are lamenting poor sales.

    Some of them attribute the development to the ban on the sale of raw meat in the area by the government.

    According to some of them, people patronise Eko meat, saying it is more hygienic.

    One of the butchers, Mr Monsuru Awoleye said business is bad.

    “I have suddenly moved inside Mile 12 market, because my customers have refused to visit the abattoir like they used to. Meat selling is my only source of income,” he said.

    Another butcher, Mr Fijabi Adewale said sales have dropped drastically, adding that his customers buy meat from Mile 12 and other neighbouring markets.

    “I own a meat stand in the market, but I’m always here in the mornings to help out with butchering in the abattoir, to keep it alive for the few customers that we receive.”

    Mrs Ayoka Akinrinde is a food seller. She visits the abattoir frequently because she gets cheap bargains. “I have been patronising this abattoir for years and I have benefited immensely from it. I buy in large quantities because of my kind of business and I get discounts; so it is of very big advantage to me.”

    Another trader Mr Gabriel Onola said he takes meat to his customers at home, since they no longer come to the abattoir. “I came up with this strategy because I am tired of sitting and lamenting. I am trying to make ends meet,” he added.

  • Traders commend FG over intervention on closed shops

    The Nigerian Union of Traders Association Ghana (NUTAG) has commended the federal government for resolving its disputes with Ghanaian authorities.

    More than 40 shops belonging to Nigerians were closed by the Ghanaian authorities for allegedly flouting trade regulations.

    Its National chairman, John Ukala, praised the federal government for efforts to resolve the issues.

    He spoke in Abuja when he led a delegation to the office of the Minister of State of Industry, Trade and Investment, Dr Samuel Ortom.

    Ukala said: “We will continue to represent Nigeria very well. We will continue to be law- abiding.

    “The federal government has done very well. We thank Mr. President for his timely intervention.”

    Ortom expressed delights that the closed shops have been reopened by the Ghanaian authorities.

    He noted that the Nigerian government will continue to protect the interest of Nigerians in the Diaspora.

     

  • Osun artisans, traders to get loans soon

    Osun State Governor Rauf Aregbesola has said his administration will soon give soft loans to artisans and traders.

    He spoke in Osogbo, the state capital, at the inauguration of the Federation of Informal Workers’ Organisation of Nigeria (FIWON), Osun chapter.

    Aregbesola said if artisans and traders are assisted by the government, the economy would be stable and the country would be better for it.

    He regretted that many governments, especially at the centre, do not recognise the role of artisans and traders to the economy’s growth.

    The governor said: “The success informal workers make in your businesses will determine the level of development in the economy. Our economy has not developed and poverty is prevalent because governments do not pay attention to your role in the economy.

    “The government can assist you (artisans and traders) by ensuring that there is electricity, good roads and other necessary amenities you need for your business. These things are lacking because the government at the centre is not concerned about the people.

    “Our government cannot do it all once, but gradually. We will continue to introduce programmes that will eradicate poverty among our people.”

    FIWON President, who was represented by his deputy, Mrs. Angela Akande, thanked the Aregbesola administration for creating a conducive environment for informal workers to succeed.

    FIWON State Coordinator Comrade Olayinka Ibraheem said statistics showed that the informal sector employs over 80 per cent of the working force and contributes 65 per cent to the Gross Domestic Product (GDP), but remained neglected by the government.

  • Traders hail Amaechi for commissioning market

    TRADERS in Port Harcourt, Rivers State capital, have commended Governor Chibuike Rotimi Ameachi over the commissioning of Town Market located at Creek Road, Port Harcourt.

    The ultra- modern market commissioned yesterday is first of its kind with facilities like fire service, police station, sick-bay and conference hall.

    While lauding the governor’s gesture, the traders said the new market has brought some reliefs for them, especially the stress of securing their wares during the raining season.

    Mr. Benson Ngele, who represented the traders during the unveilling of the market said: “We thank God for using Governor Chibuike Amaechi to change the status of traders through the facilities provided in the market.

    “For this, we are grateful and will continue to support this administration to provide more for traders as the commissioning of the market has ended our many years of suffering and street trading.”

    Rivers Commissioner for Works, Victor Giadom, who commissioned the market on behalf of Governor Amaechi, said:  We decided to provide a first class market for the people of the state.”

     

  • Ejection: Traders seek Fashola’s intervention

    Traders, under the umbrella of Ultra Modern Traders Association, Balogun Market, Lagos State, have appealed to the state governor, Mr. Babatunde Fashola to intervene in the crisis surrounding their eviction from their market plaza last Wednesday.

    They were led to the Governor’s Office, Alausa, Ikeja by their solicitor, Onu Uche, who signed their letter addressed to the Attorney General and the Commissioner for Justice.

    He said the traders’ ordeal started when a court judgment in favour of Chief Ganiyu Balogun as original owner of the plaza led to its forceful closure.

    He said: “Most of the traders including banks, by virtue of the tenancy agreement arrangements that they had with their lessees who are direct tenants to the Lagos State Government, have just renewed their tenancies early this year with the strong belief that since the Lagos State Government is the original owner of the property in the plaza at Balogun Street, Lagos Island, there will be no question as to the title of the property in question”.

    He said Balogun, despite the court judgment, locked up the shops occupied by the embattled traders on the ground, first, second and third floors with their goods worth million of naira.

    Uche alleged that the solicitors to Chief Balogun, Segun Laditan and Co had directed the traders to obtain a form at the cost of N15, 000 per shop, pay additional two tears rent for each shop, together with a 10 percent agreement as pre-conditions for the shops’ re-opening.

    He added that the traders were not contesting the court judgment but the manner in which they had been forcefully ejected despite not being served with a statutory notice and a court ejection order.

    “The solicitors to the family said their reason for taking possession of the plaza is the deadlock arising from the meeting between the family and the office of the Attorney General and Commissioner of Justice,” Uche added.

    He urged the governor to constitute a negotiation committee comprising of the state government representatives, the Balogun family and the traders, to resolve the matter amicably.

    Though the governor was not on seat when the traders visited, the letter was received on his behalf by the security officers for delivery to his Chief of Staff.