I have just read the reports of the reopening of Sahad Stores, Abuja, which was earlier closed by the Federal Consumer Competition and Protection Commission (FCCPC) on Friday. I thank the Commission for heeding the voice of reason and reopening the business without further delay.

The closure was not a well-thought-out option in the first place. Going forward, I would like to again, advise the government to avoid any further show of rascally behaviour that brings more pain to the people.

The earlier sealing off of the business, just like pulling down people's houses, and many uncaring and insensitive actions of the government, are not what we need as a nation, at this time of extreme difficulties in the land.

The government should rather focus on saving the nation from further collapse and on building the economy, rather than engaging in rascal actions that portray the administration as heartless and thoughtless to the litany of challenges facing the Nigerian people.

We are at a time in our country where local businesses are closing down and foreign investors are losing faith in our economy due to not perceiving further growth in the economy and stability in the system.

More people are being thrown into unemployment and poverty, with unemployment rate soaring higher than ever before. Should we then be taking actions that will undermine the existence of the few remaining businesses we have and throw more people into unemployment?

Nigerians are looking up to the government, in keeping with their many promises of building a better economy, to provide pragmatic solutions to the burning issues of galloping inflation, rising hunger, widespread poverty, and insecurity.

The many outcries by citizens in different states over the rising cost of living, should nudge the government into visible actions that will ameliorate the pains of the people. Closing down existing businesses over alleged offences, I believe, is not the solution to our economic challenges. In a productive economy with abundant supply of goods and services, issues like hoarding of products and disparity in prices, as was being discussed, would have no place. This is because, through healthy competition, market forces would adjust prices accordingly. Instead of focusing on fixing prices, the government can focus on building a productive economy that will ensure adequate production of goods and services.

I urge the government to take urgent actions to stem this rising tide of hunger in the nation and ensure sufficient production of goods and services.

Moving the nation from consumption to production, which has remained my vision for the New Nigeria, is needed now more than ever. -PO

Peter Obi

Thiefinibiu is a fool

The same with Kano government

Closing down and attacking businesses will lead to even more job losses and more poverty

Government has no business setting the price of goods and services, you cannot price what you don't produce, they have been unable to get the price of Naira vs Dollar right and they want to venture into consumer goods pricing

Idiots

Someone opens a business buy diesel pay workers pay all sorts of bribery to stay open deal with exchange rate and puts the goods in warehouse and these APC bastards and their evil supporters will come to lock it up in the name of hoarding

Why will I keep doing business or bring business to an evil country like that

If you cannot govern please resign

APC is evil and Thiefinibiu is a big theif

If you voted this evil APC government to power at any level may the evil you have placed poor and illiterate people in befall you and your family

By now the FCCPC MD should have been fired by a responsible government

They want to fix price for a non existent goods. Even if Govt fixed the price of an item at 10naira, what will you do if the producer refuses to produce? Myopic policy makers

APC running round and round even when they know where the problem lies.
Corruption
And tinubu is the number one culprit

Never seen a dull government and president like this before.

Economics no be by thuggery and rascality.

tinubu and his agbado style of government cutting off the head to cure headache i thought lagosians are the smartest people in Nigeria i was totally wrong

Bookhub:
tinubu and his agbado style of government cutting off the head to cure headache i thought lagosians are the smartest people in Nigeria i was totally wrong

WE WILL NOT ACCEPT HOARDING.

END OF STORY.

IF YOU DON’T LIKE IT, MOVE TO ANOTHER COUNTRY.

Government of trial and error will not hid your advice

Average APC supporters is lacking in reasoning, is it not insecurity that have prevented farmers from going to farms that are responsible to high food prices? Food storage has always been in existence and didn't start now

Kushites:
So Peter Obi, in your IPOB head, it is okay for businesses to hoard food items in large warehouses to create artificial scarcity leading to high prices?

Govt should just fold its arms as that happens?

This man actually WANTS this hardship to continue, because he sees that as favouring him politically.

Deep down he does NOT want things to get better in Nigeria.

He’s a complete idiot with absolutely no credibility whatsoever.

Kushites:
So Peter Obi, in your IPOB head, it is okay for businesses to hoard food items in large warehouses to create artificial scarcity leading to high prices?

Govt should just fold its arms as that happens?

This man actually WANTS this hardship to continue, because he sees that as favouring him politically.

Deep down he does NOT want things to get better in Nigeria.

He’s a complete idiot with absolutely no credibility whatsoever.

Take a lesson from Yang's comments above, then grow some sense. Except you are bigot.

Kushites:
So Peter Obi, in your IPOB head, it is okay for businesses to hoard food items in large warehouses to create artificial scarcity leading to high prices?

Govt should just fold its arms as that happens?

This man actually WANTS this hardship to continue, because he sees that as favouring him politically.

Deep down he does NOT want things to get better in Nigeria.

He’s a complete idiot with absolutely no credibility whatsoever.

fix the economy and stop clutching on straws. Hoarding business is an age long business in Nigeria. Fix the economy and stop looking for who to blame

Lastmessenger2:
fix the economy and stop clutching on straws. Boarding business is an age long business in Nigeria. Fix the economy and stop looking for who to blame

THE NIGERIAN GOVERNMENT WILL NOT TOLERATE HOARDING OF FOOD FOR THE MASSES.

IF YOU DON’T LIKE IT, LEAVE THE COUNTRY.

NOW WE CAN SEE YOU ARE THE CRIMINALS CAUSING THESE PROBLEMS.

YOU WILL BE STOPPED.

Kushites:
So Peter Obi, in your IPOB head, it is okay for businesses to hoard food items in large warehouses to create artificial scarcity leading to high prices?

Govt should just fold its arms as that happens?

This man actually WANTS this hardship to continue, because he sees that as favouring him politically.

Deep down he does NOT want things to get better in Nigeria.

He’s a complete idiot with absolutely no credibility whatsoever.

Go and check the meaning of warehouse.

Storing goods is not hoarding!!

Kushites:


Food hoarding is NOT the same thing as “food storage”, YOU LYING DECEIVER.

See how he called it “storage” to diminish the evil of their criminal greed and selfishness.

There is no insecurity in your Igbo farms.

GO AND FARM INSTEAD OF SELLING COCAINE IN INDIA AND SOUTH AFRICA.

Every entrepreneur is in business to make money, it doesn't make sense they don't want to sell.

Let me teach you a little more about what is going on

1. Farmers can't afford inputs and are scared of going to the farms, so they are not producing anymore.
2. Manufacturers are not manufacturing anymore, there are no inputs, cost of production is astronomically high and people can't afford if they even produced because of inflation. Most products will land at over 2000% higher that shelve prices of just a month ago.
3. Importers are not importing anymore, or should I lecture you too why they can't?
4. Now with all these, every retailer wants to speculate about what is going on, if they sold what they have quickly without factoring in if they can buy and sell again, they aren't business people.

It is a capitalist system. The average business person does everything for himself in Nigeria with literally no government support. It is a crime and a robbery for an inept, wasteful and stupid government people to force them to sell at a fixed price at a loss. Hope you have more sense now?

Kushites:


THE NIGERIAN GOVERNMENT WILL NOT TOLERATE HOARDING OF FOOD FOR THE MASSES.

IF YOU DON’T LIKE IT, LEAVE THE COUNTRY.

NOW WE CAN SEE YOU ARE THE CRIMINALS CAUSING THESE PROBLEMS.

YOU WILL BE STOPPED.

you guys have problem.suddenly Nigeria problem is hoarding food while they approved 1billion for those who wants to review minimum wage. I pity APC supporters.so brainless and naive

Kushites:


OH NO THEY DON’T, YOU ANIMAL.

NOT WHEN MALNUTRITION AND INFLATION ARE A THREAT TO THE PEOPLE.

AND THEY ARE LUCKY TINUBU IS THE PRESIDENT.

A MORE RUTHLESS PRESIDENT WOULD HAVE HAD THEM JAILED OR SHOT.

Your argument get k-led o, sorry for saying that tho. People have been stocking farm product from time immemorial. It doesn't start today. I hope u have access to government u are defending, if u do kindly tell them to create good and safe environment for farmers and the problem at hand is gone.

Mumu peter obi think his opinion is important in national issue, successful people are discussing business while OBI was busy sleeping

Kushites:
So Peter Obi, in your IPOB head, it is okay for businesses to hoard food items in large warehouses to create artificial scarcity leading to high prices?

Govt should just fold its arms as that happens?

This man actually WANTS this hardship to continue, because he sees that as favouring him politically.

Deep down he does NOT want things to get better in Nigeria.

He’s a complete idiot with absolutely no credibility whatsoever.

the day any of you will say anything intelligent then there'll be a worldwide public holiday

Obi you need to shut up. You are not important to Nigerians than the president. Your opinion means nothing at all

Djoel:


Every entrepreneur is in business to make money, it doesn't make sense they don't want to sell.

Let me teach you a little more about what is going on

1. Farmers can't afford inputs and are scared of going to the farms, so they are not producing anymore.
2. Manufacturers are not manufacturing anymore, there are no inputs, cost of production is astronomically high and people can't afford if they even produced because of inflation. Most products will land at over 2000% higher that shelve prices of just a month ago.
3. Importers are not importing anymore, or should I lecture you too why they can't?
4. Now with all these, every retailer wants to speculate about what is going on, if they sold what they have quickly without factoring in if they can buy and sell again, they aren't business people.

It is a capitalist system. The average business person does everything for himself in Nigeria with literally no government support. It is a crime and a robbery for an inept, wasteful and stupid government people to force them to sell at a fixed price at a loss. Hope you have more sense now?

Load of BIG FAT LIES AND TRASH.

“Farmers are not farming anymore…”

“Manufacturers are not manufacturing anymore…’’

“Most products are 2000% higher priced….”

ALL DIRTY LIES designed to support the criminal HOARDING of food items by greedy merchants looking to make a quick buck at the peoples’ expense.

You WILL be stopped. It doesn’t matter how many lies you tell.

Obi people that hoard and extort are bad for the economy, or do you encourage hoarding and exploiting the masses?

Let history take note that these two old men destroyed Nigeria