Lalami3232:
Nice initiative by the federal government.
2. Compulsory DNA if you didn't meet her as a virgin but as a non-virgin aka borehole

Femiairboy:


Get educated on microeconomics before spewing things like this online

helinues:


Market forces already determine the price of goods and services but some Nigerians decided to be wicked by not lowering the price of goods and services hence government enforcing compliance

mysticwarrior:
Tackle the issue of insecurity in the middle belt so farmers can go to farm without fear, that would go a long way.

Hezzyluv:
Funny enough, supermarket things are even more cheaper.

I know of Templehill supermarket that constantly runs on Maikano gen. (disel) in Isolo. Shebi na government dey give them money buy fuel?

FG should make sure they give the Super markets stable power supply to avoid them using constant generator to run their businesses as doing so would cut down cost drastically.

If these guys see light 24/7, no government go force them change their prices. They themselves would adjust.

shortgun:

I thought Tinubu and his clueless economic team said Market forces will determine the price of goods and services.

When we tell them Tinubu have nothing to offer they call us names but we are ever determined to rescue our nation from propagandists.

SoNature:
This sounds good, but make sure you do some research and determine the cost of production before imposing prices on items. If you run sellers out of business, you will cause more problems for the country. The last time I checked, Nigeria doesn't run a communist or socialist economy.

Gerrard59:


It is not good. The countries that regulate prices are always poor. This is a verifiable fact. The moment prices are regulated, poverty increases.

helinues:


Market forces already determine the price of goods and services but some Nigerians decided to be wicked by not lowering the price of goods and services hence government enforcing compliance

AqualinaXYZ:
Enforcing prices while dollar is rising aga


Enemies of Nigeria
Tinubu na mumu

shortgun:

I thought Tinubu and his clueless economic team said Market forces will determine the price of goods and services.

When we tell them Tinubu have nothing to offer they call us names but we are ever determined to rescue our nation from propagandists.

motionarena:
Please visit Blenco supermarket and SuperMart in Lagos.

Those ones will not put price tag on their goods.

Only to notice the heavy bill after paying and d huge difference in prices from other stores

AqualinaXYZ:
Enforcing prices while dollar is rising again





Tinubu na mumu

AqualinaXYZ:
Enforcing prices while dollar is rising again





Tinubu na mumu

adenigga:



Source: https://punchng.com/FG-enforces-prices-in-Abuja-supermarkets-plans-Lagos-P’Harcourt-visits

shortgun:

I thought Tinubu and his clueless economic team said Market forces will determine the price of goods and services.

When we tell them Tinubu have nothing to offer they call us names but we are ever determined to rescue our nation from propagandists.

AkpaMgbor:

Then go to a market that sells cheaper, when more people do so then the demand for blenco goods and services will drop and they will be forced to review their prices. That’s how demand and supply works in economics! But asking them to shut down is totally ridiculous! You Nigerians are an amusing lot. What kind of education are you all getting in that country??

LagosFirstSon:
Good one.

Don't only go there once to enforce and then stop. Always go from one super market to another to ensure compliance

adenigga:



Source: https://punchng.com/FG-enforces-prices-in-Abuja-supermarkets-plans-Lagos-P’Harcourt-visits

desireoge:
Coca cola company should be the next. They keep increasing prices. They have sent notice for another increment next week. Someone should tag the government. They have to stop.

99thEnemy:

Ok.. Educate me,

I am all ears.

Tell me what I don’t know.

What I know is that the government plays a role of intervening and making policies that affect individual traders and marketers. The aim is to correct market failures, promote efficiency, and achieve social economic goals for fair balance of the market.

AqualinaXYZ:
Enforcing prices while dollar is rising again





Tinubu na mumu

Femiairboy:

We have to remove all forms of emotion when looking at things like this.
Did FG help these supermarkets with the required capital to start their respective businesses?
What about the cost of fuel?
What about the cost of electricity?
The supermarkets and open markets are very different. If I bought a container of goods when dollar was N1900 should I sell lower than my cost price because dollar has gone down?
What about the cost of diesel?
You cannot tell private businesses how to conduct their daily operations, they have a business model they must abide by.
Let’s not forget the optics of this, how would foreign investors react to this? If foreign investor sees that he has no control over his business would he consider coming here?
I’m just giving a very rudimentary explanation, it’s a lot more complex than this.

99thEnemy:

Ok.. Educate me,

I am all ears.

Tell me what I don’t know.

What I know is that the government plays a role of intervening and making policies that affect individual traders and marketers. The aim is to correct market failures, promote efficiency, and achieve social economic goals for fair balance of the market.

The government cannot set a price ceiling without first properly analyzing .

In this case, They are using market conditions.
Demand and Supply, reasons for price increase, seasonal fluctuations and others.

You should know this from Basic Economics.

helinues:


Market forces already determine the price of goods and services but some Nigerians decided to be wicked by not lowering the price of goods and services hence government enforcing compliance

AqualinaXYZ:
Enforcing prices while dollar is rising again





Tinubu na mumu