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Computer Village market operators declare N20b loss as lockdown order takes impact

A bit of Computer Village, Ikeja closed in compliance with authorities directive… PHOTO: Sunday Odita

•Vendors activate on-line platforms, dispatch riders to distribute wares
Though operators of the Computer Village market, Ikeja, Lagos might have complied with the state’s directive, which ordered the closure of some markets, they put the loss suffered by the market throughout the final three months at about N20 billion.

Checks by The Guardian yesterday, confirmed full compliance, as all the doorway gates to the market had been below lock and key.

Some of the operators that spoke with The Guardian stated their well being stays a precedence, “so we support the shut down of the market until things normalise. However, since the discovery of this pandemic and spread, almost three months now, we have lost billions of Naira.”

Specifically, the Public Relations Officer, Computer and Allied Products Dealers Association of Nigeria (CAPDAN) Olaifa Ademola, advised The Guardian that there was strict compliance with the state’s directive.

Ademola stated even earlier than the LASG order, the market had instituted the social distancing initiative, “though a bit tough because of its largeness (market). We also ensure that shops sanitise customers. But I must say that we have lost money. To be modest, we have lost as a market between N15 billion to N20 billion within these three months.” But it’s when you’re alive you could earn cash or gross sales.”

He disclosed that outdated shares have depleted as new ones didn’t enter Nigeria due to the COVID-19.

Ademola defined that majority of latest shares come from China, “but the country (China) had since shut down; so no new stocks. Even some of our men, who travelled to China, are stranded. They cannot get products, they cannot even return to Nigeria. To make matter worse, some fairly used hard wares (phones and laptops) that come from Europe and America is equally not coming. The old stocks are fast depleting and if no ones coming, you can be sure that the prices of these old ones will definitely rise.”

On how retailers available in the market intend to handle the lock down order, Ademola stated: “In as much as we prioritise our health above wealth, we comply. But to manage the situation, some of our members have activated online sales and have contracted dispatch riders for any opportune sales.”

On his half, the President, Phones and Allied Dealers Products Association (PAPDA), Ifeanyi Akube, lock down of the market has been whole, however the challenges the present state of affairs current stays.

Akube, who had in earlier interview advised The Guardian that about $100 million value of products are caught in China, nevertheless, burdened that well being stays a precedence, including, “Nobody wants to die. It is when you are healthy that you can say you want to come to market, make sales, and the rest. We can only asked that God intervene in the matter on time.”

CAPDAN President, Ahmed Ojikutu, stated members perceive the advantages of staying at residence at this time limit. “Health is far greater than wealth. So, as a body, we fully comply with the directive of the Lagos State Government. People are sitted at home. Compliance is high. We pray the virus don’t get to us.”

Ojikutu stated there have been enormous losses, which might be troublesome for majority of the sellers available in the market to recuperate anytime quickly.

Earlier in an interview with Technology Times, the Iyaloja of Ikeja Computer Village, Mrs. Bisola Azeez Isokpehi had knowledgeable of the readiness of the market to adjust to LASG directive.

Azeez-Isokpehi nevertheless, requested for presidency help to cushion the results of the lethal virus on the Computer Village enterprise group.

She disclosed that previous to the deliberate shutdown of yesterday, the Ikeja Computer Village Market Management Board had carried out sensitisation rallies throughout the market to enlighten the retailers on the lethal virus.

Lagos State Governor, Babajide SanwoOlu, had on Tuesday directed that each one markets and shops buying and selling in non-essential commodities to shut for seven days as a part of “extra restrictive measures to interrupt the cycle of transmission of coronavirus (COVID-19) within the state.

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