Buharis Economy: 2,000 Aba Shoemakers Shut Down Operations

Buharis Economy: 2,000 Aba Shoemakers Shut Down Operations

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Not fewer than 2,000 shoemakers was said to have shut down operation in Aba, Abia state because they cannot pay for imported glue or synthetic leather, whose prices have surged due to the scarcity of dollars.

According to Newtelegraph report, Uche Okeke, who used to make 1,000 pairs of women’s shoes a month before the price of glue quadrupled, forcing him to nearly halve production and lay off half his 10 staff.

Goodluck Nmeri, chairman of the 6,000-strong shoemakers association, said their business face very serious threat as it has become very difficult to obtain foreign exchange, even from the parallel market to import the necessary inputs that go into the shoes they make.

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