Kano Traders Deny Hoarding, Explain Temporary Storage of Grains
Traders at the Dawanau International Grains Market in Kano have refuted claims by the state government that they are hoarding food items, stating that the grains are stored temporarily before being sold to customers.
Alhaji Muttaka Isa, President of the Dawanau Market Development Association (DMDA), addressed journalists, emphasizing that they are legitimate dealers who buy and sell items with an average daily turnover of N30 billion.
Isa explained that the recent rise in food prices has led to misinformation about their operations, clarifying that they store grains in warehouses to prevent spoilage and for convenience in sales.
He highlighted that the market supplies foodstuffs to various entities, including the Federal Government and the World Food Programme, which distribute to IDP camps. Isa questioned how these buyers could purchase from them if they were hoarding.
Isa urged the public to disregard the rumours, emphasizing their commitment to customer satisfaction and economic development.
He called on the Federal Government to improve the rail transport system to reduce transportation costs and enhance the activities of inland dry ports, ultimately benefiting the market’s operations and customers.
The Dawanau grains market, the largest in West Africa, plays a crucial role in supplying food to Nigeria and neighboring countries, as well as exporting crops to global markets.
PM News
