A coalition of Kano major markets leadership has raised an alarm and threatened to shut down all markets in the state, following the rise in the price of dollar and other currency at the forex market, saying that the situation has worsened the economic predicament people were facing.
Making this known on Monday, after a meeting with the leaders of over 30 Kano markets, the chairman of the coalition, Alhaji Junaid Muhammad Zakari disclosed that, the current situation has affected traders and consumers.
He said that this necessitated the market leaders to look into the possibility of shutting down markets to curtail the increase in inflation.
According to him, the increase in forex has led to untold hardship for Nigerians, where the common man cannot afford three square meals, and other basic necessities.
He however appealed to Kano residents to exercise more patience, adding that, the coalition would submit a letter to the state government and relevant stakeholders, to express their displeasure over the unfortunate situation.
The vice chairman, coalition of Kano major markets leaders, Alhaji Balarabe Tatari, who doubles as chairman Kantin Kwari market stated that, “some unpatriotic Nigerians hoard goods due to the daily rise in forex especially dollar”.
“The price of items has skyrocketed in the market, many traders have lost their capital, while consumers find it difficult to patronise goods and services due to inflation,” he added.
Alhaji Balarabe, therefore appealed for leniency on the leader of gurasa sellers, who engaged in peaceful protest without following due process.
While the chairman, forex traders association Kano, Alhaji Sani Dada highlighted that, the issue of dollar is beyond their capacity, as their members do not have enough to sell to consumers.
He then described hoarding of forex, goods and services as a major catalyst to the hardship in the country.
