Posted by People in Nigeria are no longer concerned about the future of their country. How to stay afloat in this collapsing economy is currently everyone’s top priority.
Since the prices of products and services have been steadily rising, it is no longer surprising that people’s ability to buy has been declining.
Mobile phone prices, like all others, have been steadily climbing.
Once content with two or three pricey phones, Nigerians now prefer to stick with a single model.
People are now forced to trade in their old phones for new ones, according to Economy&Lifestyle’s investigation into the matter.
“The process of phone swapping is not tedious,” explained Evans Ofili, manager at a phone and electronic device store in Igando, while explaining the procedure. A customer’s only requirements are a previously owned phone, the original receipt, and some form of valid identification. To find out how much the phone is worth currently, we check its battery life and other components. After that, he needs to add a small sum to receive the phone of his choice.
As an example, let’s say his desired phone is N100,000 and his previous phone is worth N50,000. He must also pay N50,000 for the old phone in order to obtain the new one.
While the practice of exchanging phones does exist, it was not widely used by Nigerians.
After purchasing a new phone, individuals often share their old ones with those they care about.
Modern consumers hardly purchase brand-new mobile devices. Their current activity is exchanging phones.
Since people are so interested in feeding right now, we figure this will boost sales.