Friday, July 06, 2007

Nigeria: The price of machetes has halved since the end of general elections because demand from thugs sponsored by politicians has subsided

Reuters:

NAN surveyed prices in the northeastern state of Gombe and found that a good quality machete was now selling for 400 naira ($3) compared with 800 naira before the elections, which were marred by politically motivated violence in many states.

"A price survey on machetes, which served as a popular weapon among political thugs in the state, indicated ... a drop in the price of the implement," NAN reported over the weekend.

Machetes are primarily used as a tool for farming in Nigeria but they are also popular among political gangsters.

"Before the conduct of the general elections, I was selling a minimum of seven machetes daily but can hardly sell one a day now," said Usman Masi, a trader quoted by NAN.

Africa's most populous country returned to civilian rule in 1999 after three decades of almost continuous army rule but violence remains a feature of politics, especially during the build-up to elections.

European election monitors estimated that at least 200 people were killed in politically motivated violence during months of campaigning ahead of the April polls.

The disturbing interaction of politics and economics in the Third World.

Nigerian kidnappers in 'threat to kill' UK girl

2 Comments:

At 12:52 PM, Anonymous Ric said...

That's market forces in action for you.

 
At 1:33 PM, Anonymous Anonymous said...

The IMF ought to be happy.

 

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