Spare parts dealers ask govt to tackle exchange rate

Dealers in spare parts have started feeling the effects of high exchange rate of the Naira to the dollar on their businesses.

The dealers who are under the umbrella of the United Allied Spare parts Dealers Association (UASPADA) also complained of bad road network, power supply and infrastructural decay as a major challenge confronting traders at the Lagos International trade fair complex.

The Chairman of the Association, Chief Bartholomew Achukwu, said: “Today the problem is dollar issue, all our businesses are collapsing. We are expecting Buhari’s government to be better, going by his antecedent, we believe that the economy of Nigeria will soon be better than any other one around the world.

He, therefore, called on President Buhari to address these issues. On their just commissioned N2.1 billion shopping complex, he stated that the essence of the project is to strengthen trade and investment as well as contributing to the national economy.”It took us over five years (2010- 2015) to complete and make functional the complex with over three thousand shops,” he said.

Prince Tony Okpo, Vice President, Association for Progressive Traders at Balogun Market, Trade Fair Complex and a major investors in the project, said: “We have approached the government to address these challenges, and hoping to receive a positive feedback from them in due time. We pay our tenement rates as at when due, and we expect government to give back to us, we have taken a step to build the roads on our own but it is still an ongoing process.”