₦airaland Forum

The law of cause and effect kabeyesi should come first, fertilizer, herbicide, insecticide, labour,fuel, transport etc should first be tackle if not this is just eye service.

You can say ANYTHING about this Oba BUT this is probably the first time any King has stepped in before this.....

Instead, most of them are more concerned about being nuisances in their domain, marrying different Wives and Land grabbing .

I have always felt that Kings should be more involved in their Kingdom's economic activities.

dimgbajwe:
Can someone explain how this will be effective to us

relocate to Ekiti

Babalegba:
Fact of the matter is that traders are increasing prices arbitrarily and causing relentless inflation due to ignorance. Yes transport and labor costs has increased but production and transportation is being done in bulk so economy of scale should kick in as the cost is spread over multiple units of the products.
People are just too greedy.

I am afraid we're not getting this inflation issue right .

Now, let's take an objective view/ consideration:
A famer, peasant in that matter, takes her wares to the market. Note, she can only produce few items and will need to depend on them to get others. Say, garri, and she's able to produce 5 paints for the week. Now after selling, she won't just tie the money back home but will have to buy other things such as rice, fish, salt, seasonings, beans, yam, for the week.

To produce the garri she has incurred expenses such as grating, firewood, and labour, even transport to the market. Now if you were to be the farmer, what will you do?

budaatum:
Can someone please kindly inform kabiyesi that while its good that he has banned middle men who inflate prices, he has not exactly ordered that fertiliser be sold at uninflated prices, nor has he placed any control on land prices and labour and transport costs that contribute to the price of food in the market. And that if the prices he has ordered mean I sell at a loss, there are other markets where i can take my food to sell at a profit.

Ekiti people are not complaining, carry your frustration commot here.

budaatum:
Can someone please kindly inform kabiyesi that while its good that he has banned middle men who inflate prices, he has not exactly ordered that fertiliser be sold at uninflated prices, nor has he placed any control on land prices and labour and transport costs that contribute to the price of food in the market. And that if the prices he has ordered mean I sell at a loss, there are other markets where i can take my food to sell at a profit.

Carry your bag belke go your village and tell your own king like that. They don't need fertilizer to plan those things.

Babalegba:
https://punchng.com/ekiti-monarch-slashes-food-prices-bans-traders-associations/

What Tinubu would have done.. instructin all state governors

People never want good news at all, most especially those people from other side of the country....Is Ekiti State your state?
Moreover, most of those food items the king made mention are locally produced in Ekiti State and it's environs.

Beg your Igwe to follow the suit

Babalegba:
Fact of the matter is that traders are increasing prices arbitrarily and causing relentless inflation due to ignorance. Yes transport and labor costs has increased but production and transportation is being done in bulk so economy of scale should kick in as the cost is spread over multiple units of the products.
People are just too greedy.

My brother you and your kabiyesi have no Idea what is going on, I was into poultry and fish farming before but now I and some friends I know have closed up due to high cost of feeds.
And somehow, you want the ones who manages to stay afloat to sell to you at a loss?
How are they going to buy the feeds or start again after selling their stocks?
If things are right and foodstuffs are everywhere, things will automatically come down else they will perish.

Olamila:
Does he have such power to ban a lawful organisation, the sellers have organisation, the motorist have organisation narrowing down to the last resort in the market. Banning just one isn't gonna be the best option it will lead to new problem

Most peeps on here commenting dont know how unions operate, if you get your produce as a business man from sources directly after including transport and other logistics by the time you as a God fearing person decide to sell at the best possible price ( which will be cheaper than others at the same market) putting in mind your profit ( which you feel you are ok by ) and the interest of the buyers ( which you feel they can afford ) its these unions and associations that will sabotage your efforts and make sure they run you out of town. E.g do you know vulcanizers have a union and they make sure no one pumps or repairs tyres cheaper whereas the average vulcanizer can pump fr 100 naira so as to get more customers which equals more profits but union no go gree..

dimgbajwe:
Can someone explain how this will be effective to us

Most peeps on here commenting dont know how unions operate, if you get your produce as a business man from sources directly after including transport and other logistics by the time you as a God fearing person decide to sell at the best possible price ( which will be cheaper than others at the same market) putting in mind your profit ( which you feel you are ok by ) and the interest of the buyers ( which you feel they can afford ) its these unions and associations that will sabotage your efforts and make sure they run you out of town. E.g do you know vulcanizers have a union and they make sure no one pumps or repairs tyres cheaper whereas the average vulcanizer can pump fr 100 naira so as to get more customers which equals more profits but union no go gree..

budaatum:
Can someone please kindly inform kabiyesi that while its good that he has banned middle men who inflate prices, he has not exactly ordered that fertiliser be sold at uninflated prices, nor has he placed any control on land prices and labour and transport costs that contribute to the price of food in the market. And that if the prices he has ordered mean I sell at a loss, there are other markets where i can take my food to sell at a profit.

While the government from the central is subsidising the above you mentioned( fertilizer), giving grants in land & money and trying to implement cng buses for cheaper transport the state should also curtail the unions cos all these govt policies will amount to nothing as it will only benefit the same unions so this is a massive step in making commodities cheaper. E.g do you know vulcanizers have a union and they make sure no one pumps or repairs tyres cheaper whereas the average vulcanizer can pump fr 100 naira so as to get more customers which equals more profits but union no go gree same way it applies to all other commodities.

Babalegba:
Fact of the matter is that traders are increasing prices arbitrarily and causing relentless inflation due to ignorance. Yes transport and labor costs has increased but production and transportation is being done in bulk so economy of scale should kick in as the cost is spread over multiple units of the products.
People are just too greedy.

Well said the person you replied obviously doesnt know how unions work. There is union for agbo sellers imagine the audacity they tell those selling agbo when to increase price as it is synonymous with increase in union dues which is the same with every other commodity and the ones who dare sell at cheaper prices cos they arent greedy will be arrested and fined by the union.

Babalegba:
Fact of the matter is that traders are increasing prices arbitrarily and causing relentless inflation due to ignorance. Yes transport and labor costs has increased but production and transportation is being done in bulk so economy of scale should kick in as the cost is spread over multiple units of the products.
People are just too greedy.

God will bless you for this!

Some educated illiterates are busy bashing the Oba for what he did in the interest of the populace...and these same people will be blaming the government for food inflation.

Smh!

Oba thinks we operate in the 12th century where all power belongs to them so to say but u cant tell a farmer to sell below cost of production and u can't control price beyond a certain level when it has been moved from place to place are you favouring from farm to household not very effective except the farmer's leave the farm an come to the market to open shop so they can display their goods...can lead to wastage if not properly planned.

Earthquakes:
My brother you and your kabiyesi have no Idea what is going on, I was into poultry and fish farming before but now I and some friends I know have closed up due to high cost of feeds.
And somehow, you want the ones who manages to stay afloat to sell to you at a loss?
How are they going to buy the feeds or start again after selling their stocks?
If things are right and foodstuffs are everywhere, things will automatically come down else they will perish.

...and you must be a member of an association to do your poultry business?

Nobody is asking you to produce at a loss but be reasonable and sell at a price profitable to you...not just because of one association that has given you an instruction to arm-twist people in the name of business.

To me, what the Oba has done is appropriate.

budaatum:
Can someone please kindly inform kabiyesi that while its good that he has banned middle men who inflate prices, he has not exactly ordered that fertiliser be sold at uninflated prices, nor has he placed any control on land prices and labour and transport costs that contribute to the price of food in the market. And that if the prices he has ordered mean I sell at a loss, there are other markets where i can take my food to sell at a profit.

Not disputing your submission, but many traders have factored all these variables in their cost of business and still believe they will make profits without selling their foodstuff at exorbitant prices. Yet those useless associations still insist on dictating price of food.
I was at the bus stop some weeks ago and there was a crowd waiting for buses. A bus came around and wanted to carry passengers for #200. Immediately one of those transport union members told him the price is #500! or he leaves the park. He had to succumb to their threats and fix his price at that amount.

Is that not wickedness?

Recently, A trader in Kwara state wanted to sell a paint of garri for #800, and she was immediately reported to the market association and eventually forced to increase the price. Is that not wickedness?

The Ooni recently banned food traders association in Ife and the prices of food drastically dropped in that region.

Let people sell their food product at whatever price they feel is convenient for them. Thats my opinion.

tiger28:
You can say ANYTHING about this Oba BUT this is probably the first time any King has stepped in before this.....

Instead, most of them are more concerned about being nuisances in their domain, marrying different Wives and Land grabbing .

I have always felt that Kings should be more involved in their Kingdom's economic activities.

Not the first time actually as the Ooni of Ife had done the same a month back.
https://punchng.com/ooni-bans-market-groups-over-high-cost-of-food/

Blitzking:
Oba thinks we operate in the 12th century where all power belongs to them so to say but u cant tell a farmer to sell below cost of production and u can't control price beyond a certain level when it has been moved from place to place are you favouring from farm to household not very effective except the farmer's leave the farm an come to the market to open shop so they can display their goods...can lead to wastage if not properly planned.

If the Oba cannot control the price, the market association too should not dictate the price.
People should be free to sell at whatever price is convenient for them.

budaatum:

Can someone please kindly inform kabiyesi that while its good that he has banned middle men who inflate prices, he has not exactly ordered that fertiliser be sold at uninflated prices, nor has he placed any control on land prices and labour and transport costs that contribute to the price of food in the market. And that if the prices he has ordered mean I sell at a loss, there are other markets where i can take my food to sell at a profit.

Babalegba:
Fact of the matter is that traders are increasing prices arbitrarily and causing relentless inflation due to ignorance. Yes transport and labor costs has increased but production and transportation is being done in bulk so economy of scale should kick in as the cost is spread over multiple units of the products.
People are just too greedy.

@babalegba you have rightly responded to budaatum. Middlemen are the bane of pricing and they have the power to swing prices out of greed just as you said. I remember someone telling me that they see young people going into the hinterland farms to buy farm proceed from farmers at ridiculous prices and bringing into the city to sell with a huge margin. The farmers found out and subsequently stopped selling to them and found a way to get the products to the market. It was an eye opener for them because they realized they could also make money for their effort.

LeopardX:
If the Oba cannot control the price, the market association too should not dictate the price.
People should be free to sell at whatever price is convenient for them.

Very true...

budaatum:
Can someone please kindly inform kabiyesi that while its good that he has banned middle men who inflate prices, he has not exactly ordered that fertiliser be sold at uninflated prices, nor has he placed any control on land prices and labour and transport costs that contribute to the price of food in the market. And that if the prices he has ordered mean I sell at a loss, there are other markets where i can take my food to sell at a profit.

the kabiyesi is going beyond his purview... traditional rulers have no right in a Republic.. Nigeria is a Republic..in has much I like the order..it's not meant for them to make such order.

Henryfocoyo:
bros traders transportation are the cheapest because their bus are different, for example in warri here , from warri to Onitsha as an individual is about 7k, then coming back another 7k that's 14k right. But the "market bus" will charge you 4k to Onitsha and it includes going and coming back

I understand what you are saying but it depends on the goods. If it’s food stuff, they might not even get to onitsha cos there are cheap food stuff around ekwuoma,igbanke and the even abudu, but what of the ones coming from the north mainly.

Babalegba:
Fact of the matter is that traders are increasing prices arbitrarily and causing relentless inflation due to ignorance. Yes transport and labor costs has increased but production and transportation is being done in bulk so economy of scale should kick in as the cost is spread over multiple units of the products.
People are just too greedy.

The greediness of people you are talking about, was the greediness up to this extent during the time of PDP including the time of buhari?

Akfrenzy:
Growth of a nation is our collective effort

Oba has done his

What's ur ?

You are asking him a question as if his father is in a political position or a monarch...
He is just one of the masses like you.

Oba kindly wait for their counter attack...Nice move but not sustainable.

Correct✅✅✅👍👍👍💯💯💯👌👌👌👏👏👏
# oba of life 👑👑👑👑👑
Long lives the king 👑👑👑👑👑

Babalegba:
Fact of the matter is that traders are increasing prices arbitrarily and causing relentless inflation due to ignorance. Yes transport and labor costs has increased but production and transportation is being done in bulk so economy of scale should kick in as the cost is spread over multiple units of the products.
People are just too greedy.

What do you mean by arbitrary inflation

Food stuff isn't dangote cement

I don't know obas who will reign till death seek for cheap popularity too

Ekiti that's remote state, why won't things be expensive especially with peculiarities to present economic and agricultural issues

State that's not supposed to be created initially

Rice sold for 80k, in ado it will be sold for how much?

tilumbu president, his daughter, iyaloja nigeria hasn't ban association na

Funny 🤡 king dey ban

budaatum:
Can someone please kindly inform kabiyesi that while its good that he has banned middle men who inflate prices, he has not exactly ordered that fertiliser be sold at uninflated prices, nor has he placed any control on land prices and labour and transport costs that contribute to the price of food in the market. And that if the prices he has ordered mean I sell at a loss, there are other markets where i can take my food to sell at a profit.

This is a right move and what your grandpa B.A.T should have done

Someone should try this in Lagos.....I doubt it