• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Kano grain dealers decry low patronage despite slight price drop

Grains

The Matters Press by The Matters Press
February 17, 2024
Reading Time: 2 mins read
0
Islamic bank supports Kano with N29.7m to upgrade grains market

Kano, Feb. 17, 2024: Grain sellers in some major markets in Kano have decried the worsening state of the country’s economy, which is affecting their sales.

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Some of the dealers said on Friday in Kano said that sales of food products have fallen due to the economic situation in the country.

Muhammad Ali, a grains seller at Yankaba Market said that the economic downturn had affected their sales.

He said that the situation had also affected the customers’ purchasing power.

According to him, the development has contributed to the slight drop in prices of goods in the market.

Ali Said that a bag of maize sells for about N53,000 now, against the old price of N58,000.

He further said that a bag of guinea corn now sells at N49,000, depending on the quality, whereas the old price was N54,000.

Another trader at Sabon-Gari Market, Nuhu Abubakar, explained that the economic situation was affecting virtually all sectors in the country.

“The patronage is not encouraging and sometimes we end up not making much profit as expected.

“Foodstuff is available, but the patronage is low. Sales have not been encouraging at all,” he added.

Abubakar further said a bag of millet, which used to sell at N60,000 now costs N53,000.

He added that a bag of beans now costs between N85,000 and N90,000, as against the old price of between N95,000 and N100,000, depending on quality.

Another trader at Kasuwan Allah-Sarki in Dakata, Abdulaziz Buba, said that the economic hardship had affected so many businesses and some traders were still struggling to meet their targeted sales.

According to him, prices of some commodities have dropped slightly but most customers can’t afford to buy.

“This is a new year; we are hopeful that things will indeed change for the better. I urge Nigerians to support and pray for the government,” he said.

Muttaka Isa, the president of Dawanau International grains Market, largest grains market in the state, pleaded with the government to proffer solutions to the situation.

He said that the development had also reduced the purchasing power of many consumers, making them lose interest in buying more goods.
“The sales of food products have dropped due to the hardship in the economy of the country, which has affected the customers’ purchasing power,” he said.

Isa said that a bag of soya beans now sells at N65,000 as against N68,000 while a bag of sesame seed which used to be sold at N225,000 now costs N220,000.

Isa further said a big bag of local rice which was sold between N110,000 and N115,000 now sells between N95,000 and N100,000 while a bag of wheat now sells for N60,000 as against N63,000.

According to him, a bag of maize sells for about N53,000 now, against the old price of N58,000.

The president of the market expressed optimism that prices of goods would drop in the next few weeks.

Tags: Grains
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Minimum wage a reality – Labour

NLC declares 2-day protest over economic hardship

Free public transportation for retirees begins in Lagos

LASG pays N138.1bn accrued pension to 34,178 – Sanwo-Olu

Recommended Stories

Conflict, Indebtedness cause uncertainty in Middle East and North Africa

Conflict, Indebtedness cause uncertainty in Middle East and North Africa

May 15, 2024
NASENI, Chinese firms sign $2bn MoUs

NASENI, Chinese firms sign $2bn MoUs

October 20, 2023
Nigeria will upgrade N-Power Scheme, pay beneficiaries – Edu

Nigeria will upgrade N-Power Scheme, pay beneficiaries – Edu

September 4, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us