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Nairaland Forum / Nairaland / General / Politics / Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others (987 Views)
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Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by lalasticlala(m): 3:52pm On Oct 02, 2021 |
A proposed law to compel the Executive Arm of government to regulate prices of food and other items, in order to guarantee food security and lessen the economic hardship on majority of Nigerians, is underway in the House of Representatives. https://www.google.com/amp/s/www.vanguardngr.com/2021/10/reps-bill-seeks-to-compel-fg-to-regulate-food-prices-others/amp/ 2 Likes 1 Share
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Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by obi4eze(m): 3:57pm On Oct 02, 2021 |
Useless bill. What is the FG's policy on agriculture and how is it been implemented? Why won't food prices soar when the economy is heavily dependent on oil? When you have cows grazing up and down destroying people's farms how do you expect them to have enough to feed themselves? What do you expect when you still import some foods that can otherwise be produced in the country? It is not by enacting a useless act that won't be implemented. Get the foundational machinery for food production working and deal with corruption then things will work. 5 Likes 1 Share |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by niyisky: 3:58pm On Oct 02, 2021 |
Highly necessary. Nigerians like to take advantage of situations. It's only in Nigeria you will enter 100 naira bus in the morning to work, and pay 500naira when coming back for the same distance. Not excusing the ineptitude of this government though... 3 Likes |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Maxymilliano(m): 4:03pm On Oct 02, 2021 |
Misplaced priority, why not allow the invisible hand of demand and supply to determine food prices while government provide enabling environments to ensure price stability 6 Likes 1 Share |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Aufbauh(m): 4:05pm On Oct 02, 2021 |
It's long overdue but not late. Everyone is just taking advantage of the skewed system from the middlemen to the food vendors. They should also extend their regulatory bill to Educational sector most especially the private schools. 1 Like |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Akinsete19(m): 4:06pm On Oct 02, 2021 |
niyisky: |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by redsun(m): 4:11pm On Oct 02, 2021 |
niyisky: That does somewhat happen in regulated countries too. It's called peak hours charges. As for food prices, that can be controlled with more indigenous food productions and less dependence on imports. The economy is spiralling out of control and soon the naira will be as worthless as Zimbabwe or Venezuela's currencies. 1 Like 1 Share |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by donb06: 4:14pm On Oct 02, 2021 |
niyisky:That's same practice even in media sector 30mins media by 2pm and 30 mins media time by 8pm cost differently...... even with Uber and bolt... There is rush hour price. 1 Like 1 Share |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by chatinent: 4:15pm On Oct 02, 2021 |
I support a pricing system. |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Philipmems(m): 4:18pm On Oct 02, 2021 |
Confused buffoons, best decision I made in 2015 was to leave an OK job that was paying me 250k monthly as an IT supervisor for a multinational company to travel to the US. I can't imagine how life would be had I not taken that leap of faith/risk. How would I be able to give my lovely mother $1000 every month, drive a brand new car fully paid, take care of my siblings, own businesses, be a blessing to others, have my personal house and another for airbnb/lease, live life to the fullest. God I thank you for wisdom, even me had doubt when I made this tough decision yet you showed me undefined favor. 8 Likes 2 Shares |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Naijanascam: 4:19pm On Oct 02, 2021 |
Very useless bill....... first of all how many farms are you cultivating?... how many people have you empowered to that effect and your input in times of security to the farmers? These lawmakers are always thinking that they are from the outer space....... And when was the last time you visited your state and constituents to know what they are facing.... 1 Like 2 Shares
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Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by richmond500: 4:22pm On Oct 02, 2021 |
E no concern mne |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by SonofDevil: 4:40pm On Oct 02, 2021 |
Maxymilliano:average Nigerian is a cheat, especially market women. They re the cause of 100% increase in price of food stuff. 1 Like |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by benuejosh: 4:40pm On Oct 02, 2021 |
Text book Economics is always different from the reality in Nigeria. Price Control will take time before it can be of effect in the country. |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by noleflendum: 4:44pm On Oct 02, 2021 |
Abaribe has never sponsored a single bill in the Senate but our people from that side will never complain since he is from their region |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by AcademicWriter: 4:51pm On Oct 02, 2021 |
E no worries emn. Em, check my profile if you need help with your dissertation, thesis or assignment. |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Blue3k(m): 4:58pm On Oct 02, 2021 |
Lol why are Nigerians so anti free market? Seriously do they not learn from their blunders will petroleum and electricity? All the ever do is cause some distortion in the market then get surprised when there's some shortage. If he's really interested in lowering food prices get rid of import ban list of food whichs will let cheap food flow in. Ps: you guys can contact him if you want. Let him know your thoughts on the bill. 4 Likes 2 Shares
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Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by FreeStuffsNG: 4:58pm On Oct 02, 2021 |
Regulation of food will eventually lead to subsidy and frustrate effort at population control. From a population of around 30m at Independence, we are now a little over 200m yet the children are still being recklessly churned out with reckless abandon by adults who can feed and train them. We can't continue with that Abeg. I honestly don't support the idea of people having many children so that the government will feed and train the children for them. The energy should be used to support population control and family planning. Those who are willing to comply with a certain number of children should get the incentive such as food price discount from designated outlets. Regulating food to make food reach more people to give birth to and raise bandits, terrorists , arsonists and looters has led us to our current predicament. Instead of blanket food regulation, incentivize only those willing to have just two children per household. Here is free book on business ideas & money sources directory for you, it's 100% free! https://www.nairaland.com/6666800/looking-business-ideas-money-fund. |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by iamyemiakins(m): 5:00pm On Oct 02, 2021 |
Hope say no be just paper bill wey everything about am go end at NASS. Rubberstamp lawmakers just be capping non-implemented bills |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by RZArecta(m): 5:16pm On Oct 02, 2021 |
Mad people like Mohammed Monguno with access to power doing stúpid shít as usual. If the prices of my goods can't reflect present market realities then Buhari should import them by himself. My name no be father Christmas Dumb fúcks all over this administration 2 Likes 1 Share |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by unbitchable(m): 5:20pm On Oct 02, 2021 |
SonofDevil:Lol. You are here blaming market women, the other day, your president was blaming the middlemen. I don't know why God chose to punish Nigeria with dumb leaders and shallow thinkers. How would the President regulate food prices?. Does he control food production and supply chain? Lots of farmers in several IDP Camps in their thousands with no hopes of going back to farm in sight, what is he doing about it? Borders have been shut for about two years despite food shortages, what is he doing about it? I thought some paid agents were previously denying the high rates of food.. e go reach everybody. 3 Likes 1 Share |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Nobody: 5:25pm On Oct 02, 2021 |
Well, basically he is asking the government to control prices of food. We have seen how price controls in petroleum (since the late 1980's) and power (since forever) worked. We don't have light, and refining of petrol is now offshore. On the other hand, the telecoms sector has no price controls, and while not perfect, is in a better place than it was decades ago. (If you know what a phone exchange is, you are very old.). Capitalisim is exploitative, and evil. Yet, the thing is, bring in socialism a la price controls, and you in essence wipe out the money. The reason why we don't refine petrol in Nigeria is because years of price controls have meant it isn't profitable to do so here in this country...which is why we have things like sabotage and so forth. On the other hand, subsides has made it profitable to smuggle fuel aborad...whiich is why we now subsidse fuel for the whole of West Africa. This bill should not be allowed to become law. It means food scarcity of the type that was seen in some failed Communist states. You don't want that. Modified Price regulation simply put means that foodstuff being sold in the market would be sold at goverment controlled prices which would mean that it would be difficult for the retailer to pay the farmer, transporter of food and wholesaler and importer in some cases for the stuff they buy. In order to earn enough profit the food will end on the black market at higher prices. 2 Likes 1 Share |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Tomek09(m): 5:29pm On Oct 02, 2021 |
Price of food has sky-rocketed. Too bad!!! |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Blue3k(m): 5:33pm On Oct 02, 2021 |
unbitchable: Notice the fault never lies in their policies. It can never be that under any scenario. Tomorrow they will tell you about their agricultural revolution in rice and flood you with pictures. I wonder why they dont eat all the cheap food being produced now. If you dont laugh you'll cry. 1 Like |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by JavaScript90: 5:33pm On Oct 02, 2021 |
Abeg let them do. Upcoming bachelors like me have really suffered in this economy |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by vedaxcool(m): 5:36pm On Oct 02, 2021 |
This might not be feasible in the type of economic system we run. There are many structural issues that the agricultural value chain well easily take advantage of to increase the price of food at will. |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by SLAP44: 5:38pm On Oct 02, 2021 |
Monguno knows that Mailafia told us that the insecurity happening in most parts of the south is a planned attempt by the Fulani tribe to subdue all of you by method of brute force. They are using divide and rule tactics and killing innocent people in the east, kidnapping and raping innocent women and ladies in the west, killing off innocent people in Benue, Southern Kaduna and Plateau. The number of people they have killed and maimed in the Niger Delta are uncountable. They are using killers protected for their men in uniform and attacking every state to dominate every state. - From Obadiah Mailafia. Former CBN Deputy Governor |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by SLAP44: 5:38pm On Oct 02, 2021 |
vedaxcool: When the country is run by psychiatric patients, what do you expect. |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Newphil: 5:39pm On Oct 02, 2021 |
Food prices? I doubt that is feasible, what government could do is to mop up food produce and subsidize, unfortunately, that will still be riddle with corruption. |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by Lionnation: 5:39pm On Oct 02, 2021 |
Your bill is achievable, that is hipow its been practiced even in some sensible African countries like Senegal |
Re: Mohammed Monguno Sponsors Bill To Compel FG To Regulate Food Prices, Others by yemi1504: 5:57pm On Oct 02, 2021 |
lalasticlala: Do these idiots ever think? If you regulate the prices, the food will be diverted outside the country causing a man-made food scarcity. I guess the next thing is close the borders then! SMH. Then it would be smuggled and some farmers stop farming altogether. Is there something about the air or water that makes most of the people from that r3gion dumb fvcks and shall0w th1nkers? SMH. |
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