YERWA EXPRESS NEWS | SEPTEMBER 09, 2017
It is a welcome development full of hope for the common Nigerian to receive the news of the country's exit from recession as stated by the National Bureau of Statistics.
North East, suffering from a monumental humanitarian crisis, is both the worst hit region of the country and where the impact of the over a year long recession is most felt.
YERWA EXPRESS NEWS (YENews) correspondent went round Maiduguri, the capital of Borno state and the seat of Boko Haram war to examine market situations such as prices of commodities and opinions of market men, including their customers.
Abdullahi Mallam Bukar, a trader at Bama Road Motor Station (popularly known as Tashan Bama), describing the situation, said it is only slightly better, with much promises of improving in no distant time, adding that 'since Ramadan, prices of certain goods seem to be on the downturn'.
'Right here for instance, we sold a bag of powder milk at N40, 000 few months ago, it is now N30, 000, a 25% drop', he continued.
According to him, 'vegetables such as tomatoe are also remarkably down', an account confirmed by Salisu Mai Tumatir, a trader at Monday Market who sells perishable goods.
He maintained that prices of foodstuff such as rice, millet, etc are however still fluctuating and high, but expressed confidence that by the closing of raining season, it will follow suit.
In Maiduguri Monday Market, the biggest market in the city, Babagana Gambo, dealing in clothing materials similarly expressed confidence in the situation, thanking God and the government of President Muhammadu Buhari.
'A roll which used to be N160,000 at dealer price is now between N120,000 N130,000, so you see is great relief', he said.
Alh Mohammed Sani, dealing with gold also in the market, said ' two months ago, I buy a gram of gold N17,000 but now it is N13,000'.
Zara Gajubo a customer at the market also stressed that in terms of clothing materials, 'yes, prices have begun to drop, but as for foodstuffs, nothing has remarkably changed for now'.
Alh. Abba Mala, a large-scale farmer assured that 'in no time, I will once again say, the prices of foodstuff will crash', noting that 'much has gone into agriculture in the last two years and I am sure all the efforts will be yielding from the next few months'.
Mala added that 'though nothing significantly big is done in Borno obviously because of the crisis, the little done and those of other parts of the country will make a remarkable impact, mark it!'.
At Kasuwan Baga, a feeder fish market in Maiduguri, our correspondent gathered that the price of smoked/dried fish has begun also to drop.
'We sold a carton of smoked tilapia fish at N35,000 and above some months ago, but now it is between N25,000 and N30,000', Mrs. Martha Marcus, a trader said.
However, Alh. Rabiu Abdullahi, a customer and a civil servant our correspondent ran into at Monday Market said 'it is reassuring that the country is out of recession technically but unless the prices of foodstuffs drop, the poor man will feel no impact. So the government should try to see that things like rice, millet, maize which are bought day in day out by the common Nigerian are readily available at much cheaper price'.
It was the same thing President Mohammadu Buhari earlier said while meeting Nigerien President, Mahamadou Issoufou in Daura, Katsina state.
He said 'Until coming out of recession translates into meaningful improvement in peoples’ lives, our work cannot be said to be done'.