Easter: Kwara Traders, Customers React to Food Prices Amidst New Dollar Rate

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In the spirit of Easter celebrations, traders and customers in Kwara State are grappling with the prevailing prices of food commodities, even as the Central Bank of Nigeria (CBN) recently announced a new dollar-to-naira exchange rate of one thousand two hundred and eighty-nine naira. 

In interviews conducted by RoyalTimes, traders shared their perspectives on the current market dynamics. Ms. Rukayat, a vendor selling plantains at Ipata Market, expressed her concerns about the escalated cost of a bunch of plantains. She highlighted the challenges faced by traders as they navigate the fluctuating market conditions.

Similarly, Mr. Ibrahim, a beef seller at Tipper Garage market, noted a significant surge in meat prices, further exacerbating the burden on consumers. Customers, too, voiced their experiences and observations while purchasing essential commodities. 

Ilorin resident, Mr. Yusuf, lamented the apparent absence of any tangible changes in food prices despite the recent adjustment in the dollar rate. His sentiment was echoed by Mrs. Halimat, who shared similar observations.

As they reflected on possible solutions, customers offered recommendations to the government. Mr. Yusuf proposed the establishment of a competitive market environment regulated by governmental authorities. Such a measure, he believed, could potentially mitigate the challenges faced by both traders and consumers.

 

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