Recoloured naira, fuel scarcity dampen 44th Kaduna International Trade Fair

Inadequate publicity, recoloured naira and fuel scarcity, have taken the shine off the ongoing 44th Kaduna International Trade Fair.
Stakeholders interviewed said the intractable security problem afflicting the North-West, was the first challenge to afflict the fair some years back.
“The security challenges started it all, and after dealing a heavy blow on the event for some years running, Naira re-design and fuel scarcity have joined the fray this year. Honestly, the International event this year, is a shadow of its former self; people are struggling at fuel stations, ATM points and PoS centres, therefore, visiting Trade Fair Complex is not a priority,” one of the stakeholders who preferred not to be named said.
The stakeholder added, “Come to look at it, where is the fuel to use in the car to get to the venue? or worst still, where is the money to make purchases at the Fair?.”
The director-general of the Kaduna Chamber of Commerce, Industry, Mines and Agriculture (KADCCIMA), Usman Saulawa, confirmed the hiccups.
Mr Saulawa said the banknotes policy and perennial fuel scarcity contributed to low turn-out of participants.
“The redesign of naira has, in no small measure, affected this year’s Trade Fair, most especially those that wanted to come, construct their stands, exhibit and make on the spot sales,” Mr Saulawa explained. “To a very great extent, the Trade Fair is also being affected by fuel scarcity, making it extremely difficult for both visitors and exhibitors to attend; this has left us with only few exhibitors and visitors.”
Meanwhile, traders and exhibitors at the fair lamented the low turn-out, saying the development resulted in poor patronage of their wares.
Bright Tony, based in Lagos, said, “Anybody that wants to buy cannot access new Naira Notes easily; even if they want to transfer electronically, the network is not reliable, so it is affecting us negatively. Fuel scarcity is another thing affecting the business seriously; I spent thrice, the amount I budgeted for logistics; I pray I do not incur heavy losses this year.”
Rukayya Abdulrazak, a kitchen ware vendor, said scarcity of cash and hike in transport fare due to fuel scarcity.
Mary Oyedoko said she hoped customers would come by Monday, even though there had been serious challenges transferring money electronically, due to bad network.
Samuel Okpole from Siperco Nigeria Ltd, said he could not come early to the fair venue due to fuel scarcity, saying he came all the way from Lagos to create awareness about the brand of his product.
“As I speak with you now, I do not have one naira in my pocket. I have money budgeted for this exhibition in the banks; neither the PoS or banks are willing to give cash,” stated Mr Okpole. “I do not have even N100 to buy bottle water because the people selling water do not have PoS, and have refused to accept transfer.”
(NAN)
We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.
More from Peoples Gazette

Agriculture
FG tasks ECOWAS on leveraging financing strategies for agroecology
The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Politics
Katsina youths pledge to deliver over 2 million votes to Atiku
“Katsina State is Atiku’s political base because it is his second home.”

States
Fire service rescues man trapped under collapsed Kano wall
The PRO said that the victim was rescued alive and conveyed to the Murtala Muhammed Specialist Hospital, Kano State.

Heading 1
Alake of Egbaland endorses PDP candidate Adebutu for 2027 Ogun governorship race
Mr Adebutu accused successive administrations of denying local governments the financial independence needed to drive development.

Hot news Home top
Tinubu urges ECOWAS to present united voice against Afro-phobic attacks in South Africa
Mr Tinubu condemned, in the strongest terms, the recent attacks on Nigerian citizens and other Africans in the Republic of South Africa.

Hot news Home top
How I took N1million ransom to Osun after my five-year-old daughter’s abduction from Ibadan home: Mother
Mrs Gbemiga said the abduction caused anxiety and led to a call from an unknown person who initially demanded N10 million ransom.

Heading 3
Three youngsters die, one battling for life as speeding vehicle rams into Abuja bridge
A FRSC Route Commander, Jubrin Lawal, who led the rescue operation, said that three of the four men in the vehicle died on the spot.

NationWide
NRS gives large taxpayers July 31 deadline for e-invoicing compliance
Mr Adekambi described large taxpayers as companies with gross turnover of N5 billion and above.





