We won’t fix food prices — FG

By BusinessNews Staff on February 5, 2017
The task force set up Wednesday by the Federal Executive Council to tackle rising cost of food items has clarified that its assignment is “not about government intervening directly in the market for staple foods either though purchases or price fixing.”


The task force clarified this at the Aso Rock Presidential Villa in Abuja on Friday during its inaugural meeting presided over by Acting President Yemi Osinbajo.

The Senior Special Assistant to the Vice President on Media and Publicity, Laolu Akande, in a statement, quoted the task force as making the clarification at its meeting.



The taskforce, comprising the Ministers of Finance, Agriculture, Water Resources and Transportation, is expected to report back to the Federal Executive Council next week for “concrete actions”.

Akande said yesterday’s meeting focussed on understanding all factors contributing to unduly high food prices, especially at urban markets throughout the country.

He said the meeting also considered ways of urgently ameliorating the situation, particularly by addressing issues of affordability and availability.

He said the meeting identified factors that were most likely driving high food prices in some parts of the country despite bumper harvests at many farms.

He listed some of the factors identified as the poor state of rural infrastructure like roads, multiple revenue collecting points on the highways and inadequacy of distribution networks.

Akande said the meeting believed that all these factors contributed, among other things, to high transportation costs.


http://businessnews.com.ng/2017/02/05/we-wont-fix-food-prices-fg/

Smh

Why not?

All the government needs to do, is to provide basic amenities.

Dumb govt. So now u knw ur infrastructure facilities are obsolete wats d solution? Clueless, useless govt. All talk n talk...no work.

Iamwrath:
Why not?

Because price control don't work.

Blue3k:


Because price control don't work.

Funny enough we keep trying to control dollar price by subsidy. We used to do for petrol also.
We spent $217 billion controlling dollar price between 2002 - 2014. Price control should be by demand and supply.

we complain?

Nawa o.Govt Intervention is seriously needed with the way everybody is hiking price . I don't understand how palmoil that is made in my backyard will inflate about 300% within a year and there's nobody to checkmate them ..abi is it dollars they use to climb trees .

Anyways o, If you have iTunes or Amazon gift cards you want to sell, I buy in the denominations of 25$,50$ and 100$. I buy as much quantity as is available.Check signature to contact me on whatsapp if available.

Wait till bubu comes.. Fixing food prices is his specialty.


Same ol same

Blue3k:


Because price control don't work.

Worked for petrol

Strike a deal with China, or Indonesia even Japan

import rice with ships,

custom clears the shipment for FG at subsidized rate

FG announces designated stores / warehouse


Business men / women buy at subsidized rate


Nigerians buy cheap


Simple as ABC


But people who benefit from the fraud associated with shipping, delivery, landing cost and thier desire to milk Nigerians dry will condemn such an innovation

Iamwrath:


Worked for petrol

Strike a deal with China, or Indonesia even Japan

import rice with ships,

custom clears the shipment for FG at subsidized rate

FG announces designated stores / warehouse


Business men / women buy at subsidized rate


Nigerians buy cheap


Simple as ABC

Nigeria the same country that has frequent shortages ok good luck. If they're dumb enough to implement to policy I would be shocked.