Traders decry local market incursion by foreign traders

Traders under the auspices of Traders’ Rights Protection Initiative have decried the negative impact resulting from increasing influx of foreigners and their goods into Nigerian markets.The association made this known through its National Coordination, Comrade Christopher Okpala, who spoke to news men at a Business Award organized by the association in Lagos.He said traders in the country have continued to face several challenges ranging from unfavourable import policies to multiple taxations and presently has to contend with unbridled invasion of the local markets by foreigners who are in desperate need of viable markets.According to him, “The challenges traders face are enormous, from bad import policies to local and state government’s multiple taxations and then market invasion. This is because, presently we found there has been steady foreign incursion on the Nigerian local markets and I am surprised that policy-makers see this is as good development but it is not.“Let me

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