The current economic trend in Sierra Leone leaves much to be deserved as the global financial crisis is weighing heavily on a lot of business enterprises.
In the quest for a stable economy in Sierra Leone, Awoko newspaper is currently undertaking an assessment of the economic and financial status of business enterprises in the Freetown commercial district of Wilberforce street; where both Indian and Lebanese business men expressed their candid views on their day to day transaction in connection to the global economic and financial crisis.
Alhaji Mamoud, a Lebanese businessman of Lunar Trading limited of 24 Wilberforce Street in Freetown, indicated that business is not as booming as it used to be, as many potential customers hardly come by these days due to the global financial crucibles.
“Many customers come around enquiring for the cost of goods like television sets, refrigerators, and tiger and Honda generators in vain” he said.
From his own point of view, everybody wants to use light but the means to afford it is unavailable; besides, the current NPA is yet to be accessible to many household in and around the city. The reason he advanced for the widely use of tiger generators is that it is economical and durable.
“Tiger generators go a long way in subsidizing the low income earners who can not afford to foot the NPA bills” he explained.
He further maintained that, in spite of the current spate of global economic crisis they still contribute towards the national revenue and generate employment for the youths and other categories of people in the society.
Most of the residential homes in places like Leicester and Gloucester at the Mountain Rural District of Freetown heavily depend on tiger generators, as most of the NPA cables are either disconnected or stolen.
Another Indian businessman, Adie Ishwari and Sons of 24 W1llberforce street, categorically pointed out that the provision of electricity is a development in itself, adding that if properly sustained it would create gainful employment for people.
He however stressed that it has nothing to do with the sale of generators as Sierra Leone operates a liberal economy where people buy and sell at a discretional price; and is up to the customer to decide whether to subscribe to NPA electricity or to make use of tiger generator.
He said tiger generator is just one of the numerous items they deal in, as it is cheaper, durable and easy to sell.
He confirmed that, there are various types of generators with different voltages, ranging between Le 300,000 to a million Leones, depending on the size and quality.
By Solomon Rogers