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Biting Economy: Low Patronage Hits Petty Traders - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsBiting Economy: Low Patronage Hits Petty Traders (1203 Views)

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Biting Economy: Low Patronage Hits Petty Traders by iwaeda(op): 9:33am On Feb 10, 2025
There are high chances of buying expired products from petty traders these days.

Our electric bike will crash price of goods and fight climate change - Adekunle Ajasin Varsity....0:00 / 1:00
This is not necessarily that they wished to sell such products to their customers, but the low patronage they are experiencing, due to the downturn of the economy, is causing the majority of their stocks to go into expiration dates.

Some traders who spoke to Economy&Lifestyle narrated embarrassing experiences, where valuable customers return goods bought without knowing they were expired.

As a result, most of them confess that they now sell-off their stocks, even at half the cost, particularly when the expiry dates are approaching, just to cut colossal losses.

Narrating her experience, Mrs. Modupe Hassan, a petty trader, said “I had an embarrassing experience recently when a customer returned a bottle of yogurt, half drunk, to me saying that it has expired.

“When I checked the expiration date, it had expired two months earlier. This was a drink I purchased two parks, to retail, three days before the occurrence.

“I didn’t check the expiration date because of the trust I had in the wholesaler.

“I had to return the drinks because the incident made me check the expiry dates of other drinks and saw that all of them had expired.

“The seller told me that the price of the drinks with long expiry dates was different from the price of the one I bought.


“I had to add money to get the former.”

Mr. Phillip Chukwuma, also a petty trader, said he sold out the expired drinks at low prices before the expiry dates, emphasising the fact that Nigerians are not fond of checking expiry dates, except a few.

“It is not our fault. There is low sales due to low income, accompanied by increase in expenses.

“People no longer go for soft drinks, snacks and other petty items but important needs like food and the essentials.

“Unlike before when a child can buy soft drinks.

“Now, even juice is a no go area for many parents to talk of soft drink.

“In a bid to avoid loss, I decided to sell out most of the goods at a cheaper price before the expiry date.

“Those that are a few days into the expiry date are also sold out.

“Some customers don’t even care about the expiry date of these goods they just buy it like that.

“Some will even tell you that it does nothing to them because their bodies are already used to consuming such.

“Though, I have resolved to buy in bits,but the cost of transportation is also telling on the business.

“I have no choice than to follow my plan to avoid loss.”

Mrs. Monsurat Salami , a Point of Sale (PoS) agent confirmed Phillip’s statement saying that she drinks expired drinks and eat expired snacks like sausage and it does nothing to her system.

“Many people have been drinking and eating expired products.

“It has not killed them. Even most of these drinks are adulterated products which a lame man cannot differentiate the fake from the original.

“I don’t look at the expiry date of drinks or food items I buy. It is not a part of me.

“I buy drinks and consume them before knowing it has expired and it has not damaged my system.

“In this economy, you embrace what you have.”

The President Association of Micro Entrepreneurs of Nigeria, AMEN, Prince Ichie said : “I believe that before we talk of people buying expired foof items and drinks, let’s go to the foundation.

“The soft drinks we are drinking in Nigeria are unhealthy and the manufacturers are producing anything, not following due process and mindful of people’s health.

“In no particular order, for instance Coca brand , I know of a few years ago while growing up, when drinking it you taste kola.

“But recently, what they are allegedly putting is nothing but coloring, sugar and water. There is no kola as it used to be before.

“The production aspect and the people that ought to inspect the product in Nigeria have neglected this because maybe because of their selfish or personal interest.

“ Another look alike brand are drinks made from oranges .

“Before, if you are drinking such brands , you will be having that taste of pure orange. But this time around, it is also water, colouring and enough sugar.

“Coming to brands made with lime, I am talking about my personal experience before now, you will feel the taste of lime in the product.

“Now, if you check all these products, many of them are the architect of all these sicknesses you see.

“ A child or young person suffering from diabetes and unknown illnesses.

“Taste other soft drinks abroad, you will see that it still contains the original content and taste.

“On the issue of expired snacks and drinks, even myself, I am not careful enough to start looking at the date of manufacture or expiry date of drinks.

“Nobody cares to complain or take into consideration that these soft drinks have long lost their original taste.

“Even if you complain, who will listen to you.

“Most times when taking soft drinks you see particles in the contents and, because you have already opened it, they will say you are the one that put it there.

“We need to awaken the consciousness of Nigerians to look into what we ought to know and report to the appropriate authorities to take urgent action.”

https://www.vanguardngr.com/2025/02/biting-economy-low-patronage-hits-petty-traders/

Re: Biting Economy: Low Patronage Hits Petty Traders by KenghisKhan(m): 9:45am On Feb 10, 2025
Petty things are now luxury to common man,purchasing power of the majority has nosedive, high in price low in quality is now the other of the day. Politics have really finished this country. When will it get better?
Re: Biting Economy: Low Patronage Hits Petty Traders by surgical:
KenghisKhan:
Petty things are now luxury to common man,purchasing power of the majority has nosedive, high in price low in quality is now the other of the day. Politics have really finished this country. When will it get better?
Then what is the koko of this their policy reform they are always shouting about
Total unsold goods by manufacturers as at dec 2024 stood at 1.4trillion naira is that progress or
What
El rufai said it ,illiterates in power
Despite feed back they are incapable of analysing data and readjust their policies for improvement
Shame on them and their knock head supporters
Re: Biting Economy: Low Patronage Hits Petty Traders by Acekidc4(m): 9:52am On Feb 10, 2025
It's only a matter of time, things will get better very soon💯😎
Re: Biting Economy: Low Patronage Hits Petty Traders by surgical: 9:56am On Feb 10, 2025
Acekidc4:
It's only a matter of time, things will get better very soon💯😎
when a more pragmatic, forward looking, better educated government takes over,not this agbero, with motor park policy called economic reform
Re: Biting Economy: Low Patronage Hits Petty Traders by KenghisKhan(m): 10:02am On Feb 10, 2025
surgical:
Then what is the koko of this their policy reform they are always shouting about
Total unsold goods by manufacturers as atvdec 2024 stood at 1.4trillion naira is that progress or
What
El rufai said it ,illiterates in power
Despite feed back they are incapable of analysing data and readjust their policies for improvement
Shame on them and their knock head
supporters
My brother... Increase in tariff, levies, and taxes and they are talking about reducing inflation to 15%. How is that possible? Maybe na me no Sabi economics.
Re: Biting Economy: Low Patronage Hits Petty Traders by Sheuns(m): 10:06am On Feb 10, 2025
Bolekaja economists and illiterates in power.

This is the end result.
Re: Biting Economy: Low Patronage Hits Petty Traders by surgical: 10:58am On Feb 10, 2025
KenghisKhan:
My brother... Increase in tariff, levies, and taxes and they are talking about reducing inflation to 15%. How is that possible? Maybe na me no Sabi economics.
No, na the illiterates in power
Who thinks propaganda can do for them what common sense should have done
Re: Biting Economy: Low Patronage Hits Petty Traders by iwaeda(op): 12:11pm On Feb 10, 2025
It will favour me and my family. grin grin grin grin
Re: Biting Economy: Low Patronage Hits Petty Traders by iwaeda(op): 7:19pm On Feb 10, 2025
Hunger is hitting us. Hunger is bad. grin grin grin grin
Re: Biting Economy: Low Patronage Hits Petty Traders by iwaeda(op): 10:51pm On Feb 10, 2025
KenghisKhan:
Petty things are now luxury to common man,purchasing power of the majority has nosedive, high in price low in quality is now the other of the day. Politics have really finished this country. When will it get better?
People are getting poorer by the day, even urchins have no strength to stand on any mandate. grin angry angry angry
Re: Biting Economy: Low Patronage Hits Petty Traders by bitsAndpieces: 1:04am On Feb 11, 2025
Reduce your prices and watch ur goods sold quickly.

Low patronage isn’t anybody’s fault in a free market economy.

The money isn’t there for people to buy, which means mechanisms for curbing inflation are working.
Re: Biting Economy: Low Patronage Hits Petty Traders by Sheuns(m): 6:08am On Feb 11, 2025
bitsAndpieces:
Reduce your prices and watch ur goods sold quickly.

Low patronage isn’t anybody’s fault in a free market economy.

The money isn’t there for people to buy, which means mechanisms for curbing inflation are working.
Just sit down, read what you wrote and ponder over it.

Your solution to curb inflation is to ensure the people make no money to buy basic food items once considered petty.

Those of you supporting this administration are evil.
Re: Biting Economy: Low Patronage Hits Petty Traders by helinues: 6:14am On Feb 11, 2025
Toh
Re: Biting Economy: Low Patronage Hits Petty Traders by TinubuThief: 7:18am On Feb 11, 2025
angry
Emilokan is a useless ancestor and a thief with eyes like Namibian frog.

Cocaine pusher

Re: Biting Economy: Low Patronage Hits Petty Traders by TinubuThief: 7:19am On Feb 11, 2025
helinues:
Toh
Zombie

You no kukuma get shame

Re: Biting Economy: Low Patronage Hits Petty Traders by TinubuThief: 7:26am On Feb 11, 2025
helinues:
Toh
Is that all you have to say?

Karma go soon take care of you with the little 30k change wey Dem dey pay.

Re: Biting Economy: Low Patronage Hits Petty Traders by Gotocourt: 7:28am On Feb 11, 2025
Most shops are half empty.
Re: Biting Economy: Low Patronage Hits Petty Traders by TinubuThief: 7:28am On Feb 11, 2025
Acekidc4:
It's only a matter of time, things will get better very soon💯😎
You deserve hot slap on your senseless brain zombie without functioning brain
Re: Biting Economy: Low Patronage Hits Petty Traders by Ojuntana: 7:30am On Feb 11, 2025
Honestly, petty traders and artisans are having it rough with this govt

I know a lot of petty traders that have had to close shop in my area due to erosion of their margins with inflation

The worst hit are artisans. Imagine a whole mechanic shed with rewires, painters, welders, bodyworkers sitting idly for almost a week.

And these people generally have low savings

The painful things is that all those mechanic work is dominated by Yorubas.
Re: Biting Economy: Low Patronage Hits Petty Traders by TinubuThief: 7:31am On Feb 11, 2025
bitsAndpieces:
Reduce your prices and watch ur goods sold quickly.

Low patronage isn’t anybody’s fault in a free market economy.

The money isn’t there for people to buy, which means mechanisms for curbing inflation are working.
And that is how God will keep on curbing and reducing your purchasing power since you have sold your soul to the devil
Re: Biting Economy: Low Patronage Hits Petty Traders by iwaeda(op): 7:46am On Feb 11, 2025
Ojuntana:
Honestly, petty traders and artisans are having it rough with this govt

I know a lot of petty traders that have had to close shop in my area due to erosion of their margins with inflation

The worst hit are artisans. Imagine a whole mechanic shed with rewires, painters, welders, bodyworkers sitting idly for almost a week.

And these people generally have low savings

The painful things is that all those mechanic work is dominated by Yorubas.
People can't avoid to buy fuel to commute, so vehicles will not be on the roads. The irony is that most of them in the Southwest are die hard APC supporters. grin grin grin
Re: Biting Economy: Low Patronage Hits Petty Traders by Acekidc4(m): 7:50am On Feb 11, 2025
TinubuThief:
You deserve hot slap on your senseless brain zombie without functioning brain
You want to slap me for saying that things will get better very soon 🧐ok maybe i should rephrase; Things will never get better for you at all in this life. Shebi that's what you want to hear/read Abi🤔
Re: Biting Economy: Low Patronage Hits Petty Traders by mrvitalis(m): 7:56am On Feb 11, 2025
surgical:
Then what is the koko of this their policy reform they are always shouting about
Total unsold goods by manufacturers as atvdec 2024 stood at 1.4trillion naira is that progress or
What
El rufai said it ,illiterates in power
Despite feed back they are incapable of analysing data and readjust their policies for improvement
Shame on them and their knock head supporters
Ask them to name the policy and how it would affect the common man and watch them run away
Re: Biting Economy: Low Patronage Hits Petty Traders by mrvitalis(m): 7:58am On Feb 11, 2025
Ojuntana:
Honestly, petty traders and artisans are having it rough with this govt

I know a lot of petty traders that have had to close shop in my area due to erosion of their margins with inflation

The worst hit are artisans. Imagine a whole mechanic shed with rewires, painters, welders, bodyworkers sitting idly for almost a week.

And these people generally have low savings

The painful things is that all those mechanic work is dominated by Yorubas.
They still haven't connected the dots between election and their economic situation

Most would think God is testing them
Re: Biting Economy: Low Patronage Hits Petty Traders by iwaeda(op): 8:13am On Feb 11, 2025
mrvitalis:
They still haven't connected the dots between election and their economic situation

Most would think God is testing them
That is the bane of Nigeria, most of us are too partisan to be truly free, see an acclaimed auditor, messenger to seun, defending APC failure. grin grin grin
Re: Biting Economy: Low Patronage Hits Petty Traders by Ojuntana: 8:19am On Feb 11, 2025
mrvitalis:
They still haven't connected the dots between election and their economic situation

Most would think God is testing them
Surely it can't be all petty traders and artisans that voted for the present disaster
Re: Biting Economy: Low Patronage Hits Petty Traders by mrvitalis(m): 8:27am On Feb 11, 2025
Ojuntana:
Surely it can't be all petty traders and artisans that voted for the present disaster
No they all didn't vote but they allowed it
Re: Biting Economy: Low Patronage Hits Petty Traders by SalamRushdie: 8:36am On Feb 11, 2025
We will all learn the economics of disposable income together
Re: Biting Economy: Low Patronage Hits Petty Traders by Ojuntana: 8:42am On Feb 11, 2025
mrvitalis:
No they all didn't vote but they allowed it
Allowed how
What could they have done with the system not in their control
We're talking of traders and artisans here
Re: Biting Economy: Low Patronage Hits Petty Traders by mrvitalis(m): 8:44am On Feb 11, 2025
Ojuntana:
Allowed how
What could they have done with the system not in their control
We're talking of traders and artisans here
Soon they would know what to do.. Give then few more years
Re: Biting Economy: Low Patronage Hits Petty Traders by Ojuntana: 8:54am On Feb 11, 2025
mrvitalis:
Soon they would know what to do.. Give then few more years
What do you suggest they do
1 2 Reply

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