You see, any time you do not buy items made in Nigeria, you set yourself up for more expenses.
Made in Nigeria clothes do not meet your class; we know, but the more you avoid them, the more expenses you will incur.
As a Nigerian, hoping to buy cloths cheaper, yet your mind is fixed on foreign clothes, is like building castle in the air.
That made in China clothe you buy requires the use of foreign currency for its purchase.
Basically, this foreign exchange (forex) that importers undertake, determines how much you will buy your clothes.
Forex involves the buying and selling of different currencies across the world.
Sadly, whenever the exchange rate fluctuates it impacts the cost of your clothing.
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Also, in this chain is the cost of importation of clothes and export logistics that the seller of the clothes abroad puts on the cost of the clothes.
Challenges In Clothing Importation
These have resulted in high cost of clothing in the market.
According to a clothing vendor in Mandilas market, Lagos state, he said a bundle of clothing that goes for ₦15,000 is now ₦25,000 or ₦30,000 and above, depending on your bargaining power.
Below is a short clip stating the effect of forex on the cost of clothing.
