Alaba International Market, the hub of electronics and electrical products in the country, is presently teetering on the brink of shutdown, following the raging effects of the dreaded Coronavirus.
The sudden nosedive of business activities in the zone as a result of the effects of the pandemic disease may cause traders to go on business recess as their operations depend largely on getting stock from one of the epicentres of the virus, China.
The traders were running out of stock and if the untoward situation persists they would be left with no option but to close shops.
It is said that it has become totally impossible to import goods from the East Asia on account of coronavirus.
“The last time I went to China was November last year and right now I have almost ran out of stock. The reality is that I cannot go back there until the situation is brought under control. Talking of waybills, a lot of companies in China have shut down because of the outbreak and it is even risky to pay money into somebody`s account the way the disease is spreading like bush fire in harmatan season. You don’t know who has been quarantined,” one trader stressed.