The presence of foreigners in local markets of South Sudan threatens the future of its economy.
This is the view of Michael Mayong Nyareth, who works in the Upper Nile State ministry of finance, trade and economic planning and is the SPLM secretary in Fashoda County, Voice of Love FM reported.The official condemned the presence of foreigners in local businesses saying it has negative effects on the country’s economy.
He said that local currency will not be in shortage because foreign traders hold to it for their own use.
Mr. Mayong said foreign traders will take all hard currency available at local markets from the country.
He added that markets should be controlled in order to keep the economy strong.
Mr. Mayong said the economy is the backbone of any developed or developing country.
He urged the people of South Sudan to start local production.
Mr. Mayong stressed that foreigners should not be allowed to do businesses that can be easily run by locals.
He said foreigners should rather work on big businesses as investors in the country.