By Waliu Adeyeri
The sudden hike in the price of sachet water in some parts of the country has called for concern.
Before now, the price of a sachet water in Lagos was pegged at N10, while a bag (20 pieces) was sold at the range of N120-N150. This was when the wholesale price was sold at N100 per bag.
A sudden hike in the price was recorded in the past week. Information gathered revealed that a bag is sold to retailers at N150 wholesale price.
Speaking with TheNewsBeam crew, some manufacturers of sachet water in Lagos, Ecym table water and Adaba water said the high cost of production was responsible for the price hike.
According to them, a roll of nylon which was formerly sold at the range of N450-N550 now cost N1,650. Also, a packaging bag which was formerly sold at N3,500 now costs N9,000.
“We are running on a loss, in fact the recent increment does not cover the loss we are incurring.”