How Consumers are exploited as a result of Corona Virus
Dreamstime.com It is no longer news that Nigeria has recorded its first case of Corona Virus. What is alarming is that not less than a day after the Federal Government confirmed the infectious disease, pharmacies and supermarkets are taking advantage of the situation to exploit consumers. Prices of hand sanitizers, face mask and infrared thermometer have soared to 150% to 300%. Most shocking is the fact that a lot of stores have run out of stock due to the increased demand for hygiene products. Last week Sunday when I visited Prince Ebeano supermarket to purchase a bottle of hand sanitizer, I was informed that it was sold out. In some stores, what used to be sold for N3500 has now increased to N20,000.00. According to Nairametrics, pack of face mask which costs N700 has skyrocketed to N3500. Most big malls have hoarded the...