Small and Medium Enterprises (SMEs) are actually struggling to generate gross sales and earnings following the spike in commodity costs in numerous markets in Kaduna State.
Some small enterprise house owners who spoke to the Information Company of Nigeria (NAN) on Sunday stated they’re afraid of going bankrupt over the state of affairs.
Ruqayyah Yusuf, an area sweet maker, stated the rise in commodity costs had slowed manufacturing for her, inflicting gross sales to cease.
“We attempt to regulate our costs to maximise our earnings, however the price of uncooked supplies shouldn’t be secure and is extremely excessive for our prospects to afford our merchandise.
“This has resulted in low gross sales and in addition low earnings,” she stated.
Yusuf known as on the federal government to intervene and forestall companies from closing. He added that worth controls and a subsidy on meals merchandise may considerably alleviate struggling.
Equally, Aisha Tahir, a home made yogurt maker, stated the excessive manufacturing worth had compelled her to extend the worth of her merchandise, resulting in low gross sales.
She defined that some packaging supplies for her enterprise have been now briefly provide attributable to low manufacturing, and stated she needed to order from one other state.
On his half, Nasir Ado, a dressmaker who sells girls's clothes, stated the price of materials had elevated because of the rise within the greenback, which precipitated excessive manufacturing costs.
“The whole lot out there has gone up, from material to stitching equipment, all the things is on the rise; the gown I used to make for N8,000 is now N15,000.
“We pray that the federal government will step in and clear up this drawback in order that small companies can thrive on this robust economic system,” he stated.
