Tech enthusiasts decry increasing price of laptops, accessories

He stated that Nigeria does not manufacture computer components but rather imports them, so the cost of production and shipping was another consideration.On Sunday, two technology enthusiasts lamented the rising cost of laptops and their accessories.In separate interviews in Lagos, the two IT gurus told the News Agency of Nigeria (NAN) that the high cost of laptops had a significant impact on patronage. According to Austin Agbakor, Chief Executive Officer of Software Shop Ltd., the COVID-19 era popularized remote working, which raised demand for laptops. “Many corporate institutions have been migrating their workforce to working remotely, since the COVID-19 pandemic and it is likely this trend is not going to stop soon. "This has resulted in a high demand for laptops," said Agbakor. According to the CEO, the rising demand for laptops has not been backed by an increase in supply. According to him, the fluctuating foreign exchange rate is to blame for laptop supply being less than demand. He stated that in Nigeria, the unpredictable exchange rate affects the cost of computers, which most dealers must fight with, causing them to lose money. "Inflation is our main problem, in my opinion, and I believe that some dealers may suffer huge losses and indebtedness as a result of the volatile exchange rate."