Mr Godfrey Nwosu, President of Phone and Allied Dealers Association of Nigeria (PAPDAN) says the depreciating value of the Naira has discouraged his members from long and short term planning of businesses.
Godfrey in Lagos on Tuesday said that dealers in phone and accessories were mostly affected by the current status of the Naira.
“We all know that the exchange rate of the Naira is not stable.
“We want the Federal Government to stabilise the Naira exchange rate so that people can project to know their turnover,” Nwosu said.
On the fight against entry and sales of substandard phones and accessories, Nwosu said that the association had built a good relationship with the Standards Organisation of Nigeria (SON).
He said that the association had also built a relationship with other regulatory bodies, such as Consumer Protection Commission (CPC), and Nigeria Communication Commission…
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