Wednesday 23rd August, 2017
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Rate of shop rent attracts disagreement in Wuse market

Rate of shop rent attracts disagreement in Wuse market

Though a trader in Wuse market in Abuja, Chosen Charles Leonard (Chosen) who operates in a shop he rented from the owner attributed high price of goods and dull business in the market to high rent they pay to the shop owners, but one of the shop owners, Peter Chidolue treated the accusation with a wave of hand, saying that the majority of traders in the market are the own­ers of the shops.
 
They spoke separately to The AUTHORITY Daily recently in their shops in the market. Making his facts, Chosen said that some of them pay N1.5 million, while oth­ers pay N2 million for a shop annu­ally. He informed that most of the traders were on rent, adding that due to the high rent, most of them end up vacating after the expira­tion of a year’s rent. Calling for the government’s intervention for the sellers and buyers to benefit from the market, he said that the high rent they pay are transfered to the price goods are sold and bought in the market, which according to him makes the cost of goods in the market very costly.
 
The handset dealer equally called on the government to assist them eradicate touting in the mar­ket before it becomes too late. He allegedly said that the touts don’t allow the customers to buy free­ly from the shop and customer of their choice, adding that some of them use the opportunity to en­gage in petty thieving like pick-pocketing. He said that they have reported the case to the authority who have been trying to address the problem.
 
Though he admitted that touts had over the time been causing hindrances in the market, say­ing: “Those who don’t have shops are fund of hanging around, em­barrassing customers, mislead­ing them,” but Peter Chidolue, the Managing Director of Peter Pan, disagreed in its entirety with Cho­sen. He said that most of the peo­ple doing business in the mar­ket are the owners who got them from the authority. He said that most of them, like himself got his own from the authority when the former minister of Abuja, Mallam Nasir el-Rufai revoked ownership of some of the shops from non traders and allocated them to trad­ers in the market. The electronics dealer added that the reason why rents of some shops were high was due to concentration of the trad­ers at a particular place. Chidol­ue said that rent of shops outside the concentrated area were very af­fordable. He said that is like that in Utako Ultra Modern Market, Wuse Market, among others that are at the heart of the town.
 
Lamenting bad market he be­lieved was being caused by reces­sion, Peter Chidolue called on the government to provide for them: security, regular power supplies and other things that would make business excel in the market.
 
Speaking on the products he sells in the market, Peter Pan in­formed that 70% of electronics in his shop were foreign ones, just as he added that Nigerian products were available, but was quick to add that they are not as good as their foreign counterparts. 

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