As the season of the demand for the high consumption of domestic birds draw closer, N-Press went to town, to ask the question “Can People Buy Things this Festive Season”?
The Xmas celebration is just four months now. The season that is associated with bringing gifts to children and loved ones and also appreciating one another has gone beyond religion in Nigeria.
Because it’s just a week to a brand new year! Because gift-giving and many other aspects of the Christmas festival involve heightened economic activity, the holiday has become a significant event and a key sales period for retailers and businesses.
Over the past few centuries, Christmas has had steadily growing economic effects in many regions of the world. The prices of things, especially agricultural commodities are on the increase.
“Inputs such as a day-old chick, which was sold between ₦380 and ₦400 in July has skyrocketed to ₦650 in August due to increase in stocking rate as the season of festivity draw closer.”
Said Mr. Mene Lucky, the Regional Sales Manager (RSM) of Pandagric Novum Ltd disclosed this to our correspondent Tuesday in Bori, Port Harcourt.
Lucky also said, the price of the poultry feeds was on the high side “price of poultry feeds has increased, it’s been sold between ₦8,500 to ₦12,500 per bag.”
Nigeria Bureau of Statistics NBS revealed that Nigeria’s inflation rate increased to 17.71% in May 2022.
With this galloping increase in of consumption goods, will Nigerians be able to buy things this December?
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