Dollar Scarcity: Traders Besiege Onitsha, Kano, Lagos for Locally Made Materials

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Nigerian traders in a bid to remain in business are starting to look inwards for goods following the scarcity in obtaining dollars for foreign exchange.

Some of the traders, who are majorly importers of textiles and other materials, resorted to thronging Aba, Onitsha, Lagos, and Kano markets, among others, due to the scarcity of dollar in both commercial banks and the black market. They say the scarcity has continued to affect their businesses.

The traders claimed that they decided to buy from the local markets in order to meet the demands of their customers and to “avoid being pushed out of their sources of livelihood.”

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