Why UTC Business Owners Are Sharing Spaces – Chime  | Independent Newspapers Limited
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Why UTC Business Owners Are Sharing Spaces – Chime 

Posted: Aug 3, 2016 at 1:31 am   /   by   /   comments (0)

Vice Chairman, UTC Area 7 Shopping Complex Garki Traders Association, John Chime, has said the economic meltdown has forced traders and business owners in the complex to share spaces, leaving many shops empty.

Chime, who is the Managing Director/CEO, DAV-J OPTICS told Independent that patronage of the businesses at the complex has significantly dropped in the last one year, causing many of the traders to stay back at home.

Speaking against the harsh economic situation, he said, “If you go round the complex, you see that many people who sell spare parts, electronics are no longer coming like before. You will also see that people have started dividing their shops as they can no longer pay for the full shops. Everywhere is too dull”.

Chime, however, is upbeat. He said, “I cannot say because the government has not provided for us, I will fold my arms and do nothing. It is my duty to keep myself busy, so as to keep food on the table for my family”.

Speaking on the new government, and how it can help, he said, “The new government that has just come in is working but you know most people will like to buy fowl today and expect the fowl to lay eggs today. Most people will like to reap from what they have invested as soon as possible. That is Nigerians for you”.

Although Chime has said he is hopeful that the new government could make things work, he has tasked the government to help private businesses with aids.

He said, “It is not only the public servants that make up the Nigerian population. The government gives them good houses, cars and other welfare packages, we will like the government to assist us in our individual businesses, so that together we can help build the economy”.

He said the request for collateral by micro finance banks as a prerequisite for obtaining loans from them may be a deterrent to business growth and support, hence should be reviewed to make it easy for small business owners.

“Many people are ready to work but they lack the basic funds to take off. Like me for instance, if I go to any micro finance bank to look for loan, they will come here and look at my shop and it will serve as collateral and they will give me the loan but how many Nigerian are given this opportunity”.