Tag: Traders

  • Traders shut Ladipo market for PVC collection

    Ladipo ultra-modern Auto Spare Parts International Market, Mushin, Lagos was yesterday closed by its executives to enable members collect their Permanent Voter Cards (PVCs).

    Addressing the members, the traders’ President, Jude Nwankwo said they took the action because they wanted the 10,000 members of the association drawn from its 42 units to participate in the next year’s election.

    He urged them to avail themselves of the opportunity provided by the closure to get their PVC, adding that without it, they would not be able to exercise their franchise.

    He said the traders were ready to support Governor Akinwunmi Ambode and his administration for his second term bid because of his achievements.

    Member, Lagos State House of Assembly Olayiwola Olawale, thanked the traders for their sacrifice.

    He noted the huge income that they had to forego because of the exercise.

    He likened the PVC to a visa that adults need to elect their leaders at any level.

    APC representative at the market, Monday Lawrence also praised the traders for the gesture, adding that they should come out during the election to vote for the party.

  • Yuan sale by CBN excites traders

    The Central Bank of Nigeria sold yuan at a range of N49-51 at its first auction of the Chinese currency last week, traders said yesterday.

    The auction, which is part of an attempt to encourage the use of an alternative trading currency, particularly given the high level of imports from China, sold the yuan for immediate value and for 15-day settlement, traders said.

    Some lenders got as much as 60 per cent of the volume they applied for, while one bank got just five per cent. They said the volume sold was based on the price quoted for the yuan at the auction.

    China is Nigeria’s biggest trading partner after the U.S., with trade volumes between the two totaling $9.2 billion in 2017, according to data compiled by Bloomberg. Nigeria runs a deficit, importing $7.6 billion of goods including textiles and machinery from China and exporting just $1.6 billion, mainly oil and gas.

  • We lost our lifetime investments to Jos fire —Traders

    Although no life was lost in the fire that gutted Jos market last week, chances are that some traders could die of despair and hopelessness unless they get help to get their businesses back on track, reports YUSUFU AMINU IDEGU.

    For the second time in 16 years, a part of Jos Main Market went up in flames last week. It was a repeat of a similar incident in February 2002, when the ultra-modern market, then rated as the best in the West African sub-region in terms of architectural design, went up in flames after some midnight explosions.

    Five years after the 2002 incident, the state government could not come up with a genuine plan to rebuild the market and get the traders back to business. The displaced traders were later given alternative space at new satellite markets constructed by the state government.

    However, some new traders, who were made desperate by circumstances around their lives, found space at the ground floor of the burnt market to display their wares. This category of traders was made up mainly of petty traders who trade in second-hand clothes, plastic buckets, cosmetics, jewellery, perfumes and slippers, among other items. Some of the traders ran canteens, others sold charcoal while some others operated hair dressing salons.

    The state government had initially tried to drive the adamant traders away from the market due to the danger associated with staying under a structure that had been weakened by the impact of the explosions and the resultant fire. But the desperate traders fought back until the government was forced to officially allocate the space to them until the government would be ready to reconstruct the market.

    Disaster returns Since then, the traders have been managing life from the little earnings that come their way from the market. However, another mysterious fire visited that section of the market at midnight last week, consuming all the stocks in the market.

    The traders normally close that section of the market at 6 pm daily, leaving their wares in the care of a private security guard. None of them had a premonition of the disaster as they closed as usual and everyone returned to their residences in the hope of resuming business the next day.

    But while they were sleeping at home, fire was razing their wares and life investment as well as their livelihood. They all returned the next day to see their shops and wares in ashes. For instance, 33-year-old Bala Safiyanu, who sells travelling bags at the market, said he lost goods worth N250,000.

    Aliyu Saidu, 27, who sells second-hand wears, estimated his loss at about N350,000.

    He said: “I started this business without a dime. I went to those who started the trade before me to collect goods on credit, then I sold the goods and returned their money and made gains. That was how I struggled to stand on my own and own a shop. Now my six years of labour and savings, which is about N350,000, have been reduced to ashes. Unless help comes from government, it will be difficult to start all over again.” Another trader, 18-year-old Serajo Muhammed, who owns a shop containing phone accessories, estimated the goods he lost at about half a million naira.

    He said: “This is my sixth year in the shop. It is my life. I struggled to put up the shop because I’m not privileged to go to school, so I decided to go into trading. But with this fire (outbreak), I have lost everything.”

    Sixty-three-year-old Alhaji Ahmadu Shehu, who sells bed sheets and wall curtains, also suffered a similar fate in the fire disaster. “I have lost 15 years of investment. I have been in this shop for 15 years now,” he said.

    Also, Nasiru Abubakar (21), who sells children wear; Ajibade Adedigba (53), who sells rubber shoes; Abubakar Kanis (32), who sells second-hand clothes; Sagiru Abubakar (25), Alhaji Ibrahim Hashim (35) and Yunusa Rufai (32), all dealers in second-hand clothes, suffered huge losses in the market.

    But by far the biggest loss was that of 45-year-old Alhaji Magaji Abdulkarim Usman, who owns a warehouse in the market containing goods worth more than N19 million.

    He said some of the goods in the warehouse house were supplies he had just received on credit.

    Some of the traders were said to have suddenly developed high blood pressure after realising their losses and had to be rushed to the hospital.

     

    Mystery fire sparks controversy

    While the traders were counting their losses, another issue that occupied their minds was the source of the disaster. Some of them believed that the fire might have started from one of the canteens.

    One of the traders, Idris Sani, said: “I think one of these women who run the canteen did not put off her charcoal fire properly before she closed on that day. It was the charcoal fire left unquenched that led to the disaster”

    But another trader, Ahmed Dauda, who sells phone accessories, disputed the claim that the fire was caused by smouldering charcoal.

    He said: “Charcoal fire cannot spread and cause such damage, because it is always in a container. Even if there was fire left in the container, it usually burns to ashes on its own and does not get out of the container.”

    The 45-year-old woman from whose shop the fire was suspected to have begun said: “Yes, some of them believed the fire started from my shop, just because I run a canteen. But they forgot that the source of electricity from where some of the traders connected light to their shops has been faulty. The traders sourced their electricity from a shop behind me, and because the connections were not done by an expert, the cables spark from time to time, and they know this.

    “I had complained over the wrong connection and the implication of running the cables through the roof of my shop, but they refused to listen. A week before the disaster, a lady who came to the canteen to eat fell down when the cables sparked. They all know that we have been having problems with these wrong connections but never thought it could lead to a major disaster like this. “So, I am very sure the wrong electricity connections by some of the affected traders was responsible for the fire.”

    Notwithstanding the blame game on the cause of the fire outbreak, security agencies have already launched an investigation into the remote cause of the disaster. Hours after the inferno, the Plateau State Police Command, led by the Commissioner of Police, Adie Undie, led newsmen on inspection of the scene.

    “It is unfortunate that the fire service could not salvage some shops because of the position where the fire occurred, as they could not gain access to it,” Undie said.

    The police boss sympathised with the affected shop owners, assuring that a thorough investigation would be carried out by the police in conjunction with the fire service.

     

    The affected traders were unanimous in their appeal for aid, saying: “We need help from government or individuals to come to our aid to enable us recover these losses.”

    The fear that they may not be able to recover from the huge loss has instigated various health challenges in some of the victims, with some of them ending up in hospitals after inspecting their burnt shops.

    Chairman of the traders association, Alhaji Abdulrahaman Yusufu, said: “Although no life was lost in the fire, I have the fear that some of the traders may lose their lives, because they ended up in the hospital after the incident. It was a total loss for most of them and recovering the losses seemed hopeless. Government has promised to help, but we are still waiting to see the help they promised.”

    In sympathy with the affected traders, the state governor, Simon Lalong, did not only send a condolence message to the victims, he ordered a high powered government delegation to visit the market and ascertain the losses.

    The delegation comprised the Commissioner for Environment, the Commissioner for Urban Development, the Commissioner for Commerce and the Chairman Jos Main Market

  • Traders, informal sector operators to pay N10 daily tax in Oyo

    As part of the measure to institute a new culture of paying tax in the state,

    The Oyo State Board of Internal Revenue (OYBIR) has said it will soon begin the collection of N10 daily tax from traders and various operators in the informal sector.

    The amount, which builds up to N3,000 annual tax, is to be collected by trained officials of the agency with the use of Point of Sales (POS) machines.

    At a sensitisation and tax collection parley in various markets yesterday, top officials of the OYBIR, led by its Chairman, Mr. Bicci Alli, demonstrated to market leaders how to pay their tax with ease.

    In the new payment mode, market leaders will pay their tax to authorised tax collectors in the presence of the traders and market leaders.

    During the tour, market leaders received the tax officials with delight and assured them of their readiness to comply with the government directive since the money is affordable.

    The market toured include the popular Ago-Ilorin Market in Mokola, Ibadan, where the Iyaloja, Mrs Feyisara Bayo-Azeez, and other market leaders received the revenue collectors and paid her dues to show her compliance.

    At the Agbaja Market in Agbeni, Ibadan, the Acting Chairman of the traders’ association, Mr Samuel Orokunle, said the traders had been waiting for the government to begin the new tax collection regime.

    He said the traders understood the fact that the government alone cannot handle the development of the state without the cooperation of the residents.

    On the purpose of the sensitisation and tax drive, Alli said: “We are working towards improving a structure that collects money and builds a culture of tax payment in the state. Our people have been paying taxes before now; it’s not new. But somewhere along the line, we lost it. The essence of the exercise is first and foremost to build the culture of tax payment and make it sustainable.

    “It is going to be beyond the present administration and beyond anyone. That is what we mean by cultural change.

    “Two, it is also to put in place a structure to collect these funds seamlessly. Oyo State, and Ibadan in particular, has one of the largest informal sectors in Nigeria, in West Africa. We are talking about millions of people who are involved in one trade or the other, and not in the formal sector.

    “And if you look at it, if about two or three millions of these people contribute N3,000 on a yearly basis, you can imagine how much money that would be and to what extent that will assist the state to rely less on the allocation from the Federal Government, which you and I know keeps dwindling. We cannot continue to rely on that.

     

  • Anambra govt, traders in war of words

    Traders in the Onitsha Electronics Market in Anambra State have protested the imposition of high revenues on them by the government.

    The protesters, led by Simon Okonkwo, marched on the Government House in Awka to drive home their anger.

    They accused Commissioner for Commerce and Industry, Christian Madubuko, of causing confusion in the market by trying to impose an unpopular leadership on them.

    The traders said Madubuko dissolved the leadership of the market and established a caretaker committee to oversee market activities, only to reinstate the sacked leadership days later.

    They said: “The commissioner is causing confusion in the market. We don’t understand why somebody can be talking from two sides of his mouth.

    “This commissioner came to the market and instituted a caretaker committee to oversee the market affairs. But shortly after, he came back and dissolved the committee without giving any explanation.

    “The next thing we heard was that he had reinstated the former leadership and asked them to start organising election for Saturday.

    “This is arbitrariness; we can’t take it from anybody. That’s why we are here to let the governor know this development and call his commissioner to order because we will resist this imposition.”

    But Madubuko described the protesters as fraudulent individuals who want to reap where they did not sow.

    He said the government lost about N110 million to a fraudulent revenue collector who paraded himself as a market leader and issued fake receipts.

    Madubuko told reporters that he had instructed the Department of State Service (DSS) to arrest the culprit anywhere he is cited.

    “These things will never end until we jail one of them and that process has already started,” Madubuko said.

  • Fire razes 25 shops at New Benin Market 

    A total of 25 shops at the popular New Benin Market in Benin City were on Sunday night razed by fire whose cause is yet to be ascertained.

    Goods and property worth millions of naira were lost to the inferno even as thieves who posed as sympathizers made away with some goods.

    It was gathered that the fire started at about 7:25pm and lasted for about two hours before men of the Edo Fire Service stopped it from spreading to other shops.

    Witnesses said the fire began from a shop where food items such as rice, beans and beverages are sold.

    Many of the affected traders were called from their various residences that their shops were on fire.

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    One of the traders was said to have collapsed when he saw that his shop and the N2m cash he kept inside from previous sales were consumed by the fire.

    Another victim who simply gave his name as Samuel Ijezie said he lost his entire wares to the evil fire.

    “I was somewhere close to the market to buy something. I saw people gathering around here; I don’t come to market on Sunday but because of the gathering I rushed to the area to see what was happening only to see it was fire but before I could come down fire had taken over everywhere. I didn’t save anything; millions of naira wasted here. I lost more than two million to the fire; I did not bring anything out. The fire was everywhere even my generator I did not bring out anything.”

    Mr. Chukwudi Anisieke said his warehouse was stockpiled with assorted goods worth N7m on Saturday night.

    He disclosed that he had returned from market on Saturday and stocked his shop with goods at about 8pm same day.

    “The entire thing got me tired. I am totally confused. I was at home yesterday evening when people called me on phone that New Benin market was burning. Before I reached here everywhere had caught fire and I could not pick out a single thing from my shop. I lost more than N7million to the fire,” he said.

  • Clergy cautions traders against price hike

    The President, League of Imams and Alfas in Ondo, Ekiti and Delta States, Alhaji Kewulere Bello, has cautioned traders in foodstuffs, fruits and beverages not to hike their price during the Ramadan.

    Bello gave the advice during an interview with the News Agency of Nigeria (NAN) on Wednesday in Ado-Ekiti.

    He said it had become a norm for traders to increase their products’ price once the Ramadan fast approaches.

    “The Ramadan period is a time to seek God’s face through fasting, hence Muslims should take it seriously. It is a Holy period devoid of evil practice and sin,’’ Bello said.

    The cleric urged the Muslims faithful to give more to the less privileged during the Ramadan.

    He said: “Increase your benevolent acts, be generous with whatever you have, give out more and increase your charity. Increase your (Dawah) activities, this is an act of getting yourself involved in preaching or listening to lectures as organised in your community, it will increase your knowledge of Islamic deeds and injunctions.

    “Every Muslim is enjoined to be reciting the Qur’an more than ever before during the period, those who cannot recite it are enjoined to use the period to start learning how to read it.

    “Maintaining and sustaining your piousness even after the Ramadan is the ultimate reason for fasting and its activities, refrain from evil vices and uphold at all times good deeds to your fellow human beings without discrimination,’’ he added.

    Bello said apart from the five daily obligatory prayers, Muslims are enjoined to observe more prayers in the night before taking their late night meal called ‘Sahur’.

  • Traders block road to protest market demolition

    Angry traders yesterday blocked the Umaru Musa Yar’Adua expressway to protest the demolition of Gosa market by the Abuja Metropolitan Management Council (AMMC).

    The traders made a bonfire on both sides of the road, thus preventing motorists  from using the highway.

    The development caused a heavy gridlock.

    Officials of AMMC last Saturday demolished structures in the market.

    The protesters brandished dangerous weapons like daggers, cutlass and planks.

    Eyewitnesses said the protesters stoned a governor’s convoy.

    One of the traders, Magdalene Ndoma, said: “This is where some of us earn our little money to take care of our family. You can see what the government did to us. Where will I start again?”

    A driver, Musa Abubakar, said he was going to pick his boss from the airport. “I’ve been here in the last two hours. You can’t move close to them or they will damage your vehicle.”

    AMMC Coordinator Comrade Shuaibu Umar said the council demolished the market to save lives, adding that the action became necessary because of the danger which illegal trading on the road buffers and shoulders portend to life and property.

    According to him, the market was located deep inside the community, off the express road buffer zone, but has since spilled beyond its bounds into the expressway.

    He said: “Travellers suffer untold hardship on their way to and from the airport, especially on Fridays. They endure gruelling traffic jams occasioned by traders blocking the road. This has resulted to missing of flights and time wastage.

    “What we did today was to remove the empty stalls. We did not even touch the containers which were locked because of the merchandise inside them. We, however, told the security men to inform the owners to come and move the containers and stalls to the required 500 meters off the express road as required by law.”

    Umar added that owners of the containers stationed illegally have been put on notice to move them inside as officials of the Development Control Department (DCD) would be coming back for final clearance.

    But Minister of the Federal Capital Territory (FCT), Muhammad Bello, described the incident as “unfortunate and unacceptable”.

    At a news conference, Bello said the action became necessary because of the real danger which illegal trading on road buffers and shoulders portend to lives and property. According to him, the open market has expanded up to the point which poses danger to residents and other road users. Therefore, the need for the government to curtail the menace.

    He said the government would immediately relocate the market inside Gosa, at least 500 meters away from the road corridors, in accordance with the law.

  • Ilorin traders protest levies

    Ilorin traders protest levies

    Scores of shop owners in Ilorin, the Kwara State capital yesterday protested imposition of new levies by the authorities of the Ilorin West local government area.

    The protestors who were mainly from Oja Tuntun in the metropolis accused the new council chairperson, Alhaja Romoke Omodara of planning to also impose new security level on the shop owners in the market.

    The irate protestors staged a peaceful protest from the market to the local government secretariat around mandate area.

    The placard-carry protesters denounced the chairperson for planning to convert the expanse of land used by the marketers as the parking lot, to a shopping complex.

    Some of the placards read: ‘This is democracy not military regime,’ ‘Omodara don’t misuse your opportunity,’ ‘Omodara you are elected to serve not to destroy,’ Saraki did not ask you to pull down our shops,’ ‘Our security should be your concern Madam chairperson,’ etc.

    Addressing reporters during the protest, Financial Secretary, Oja Tuntun Market Association, Ayelara Kehinde said: “We said we cannot allow her to build shops at the car park without provision of alternative place for our customers and us to park our vehicles, but she is insisting that she would convert the place to shops. Due to no enough parking spaces we have lost many of our customers to other markets. That is why we are opposing her latest move.

    “There is another place where aged women are selling tomatoes; the council also wants to evict the women. We are not opposed to building of shops, but we want the chairperson to provide alternative for thewomen that she is about to send packing.  Because of our opposition wesaid she had outlawed our executive.”

    “She does not have that power to abolish our excos as she did not elect us in the first place. The people elected us. We are not serving government, we are serving our people. We are not political appointees. We are fighting for our people’s right and whatever the people want is what we will do.

    “They are also saying they want to be charging us each N100 as environmental sanitation fee making N400 per month. We don’t want that as we have been collecting security levy from members and we use the leftover for the maintenance of the market.”

    Corroborating Mr. Kehinde, Secretary of the Igbo Traders Association, Ndu Obinna said that “there is peace in the market now because the current executives are carry members along. It is because they are doing well that all of us shut down our shops in compliance with the exco’s directive.

    “Since they came on board, many things that had been neglected in the past have been taken care of. The council claims that it is the landlord and we are not discountenancing that. But a landlord should ensure the safety and cleanliness of the environment.

    “We are urging them to allow the current exco control the market. They are there for us and we are here for them. Let us work together so that there will be peace.”

  • Traders seek better deal from govt 

    A group of traders in Lagos has called on the government to provide them an enabling environment to operate. They are not just problem solvers, but also job creators and drivers of growth.

    Mrs. Joy Oriowo said the tough business condition was affecting them. She said traders and small business owners were unhappy with the insecurity in the markets and shops, adding that some of the youth involved in the crimes were unemployed.

    She said those who break into shops and steal peoples’ products should not to be blamed because things are hard. “There are no jobs for graduates,” she said.

    Speaking on her challenges, Mrs. Oriowo, a retailer of clothes, attributed this to the high price of clothes and fabrics, no thanks to the high foreign exchange rate, adding that this was making it difficult for her to sell her wares.

    Also, Mrs. Abimbola Shotayo, a trader in one of the markets in Lagos, said her major challenge was multiple levies.

    She lamented: “We pay many levies and this is affecting our profits.”

    Mrs Shotayo explained that apart from paying rent she also pays charges to some associations, such that at the end of the month, she would not be able to make enough profit.

    Mrs Shotayo, a food stuff seller, urged the Lagos State government to scrap some of these levies to enable small businesses survive.

    She suggested that the government should build shops at a very affordable rate for small businesses.