₦airaland Forum

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.

since you are so knowledgeable, why not start the business yourself and reduce your own price?

Fo. olish people everywhere

Akfrenzy:
nice step in the right direction

Market unions has done more harm than good



Market union was created to cater for the welfare of the traders but now it has turned an organization to suffer fellow citizens and they fix exorbitant prices on goods u can actually get cheap just bcuz they need money to loot in the organization

since you are so knowledgeable, why not start the business yourself and reduce your own price?

Simple economics principles they don't know

Fo. olish people everywhere

Akfrenzy:
Growth of a nation is our collective effort

Oba has done his

What's ur ?

since you are so knowledgeable, why not start the business yourself and reduce your own price?

Simple economics principles they don't know

Fo. olish people everywhere

These market associations are the reasons things are so expensive in the various markets yet they will blame the fg for everything .

We have a long way to go as a country, see how people are defending this move, Ekiti people are about to get more hungry

altteemy:
If followed up, that could lead to those traders losing their spaces in the market and if the Oba is influential enough, he would get the big pockets of the domain to fund a special program where they buy in bulk from the farmers and sell directly in the market at the controlled prices.

It will only backfire on the traders if they try to act funny.

I am aware of the huge profit margins up to three times the cost of items these people make (inclusive of transport costs). Before, when things were not this hard, it could have been overlooked but not now.

This is a capitalist system unless the oba's reach extent across the country. Even at that go take a look at what happens in a society where price control were arbitrary done. The oba is busy treating the symptoms

I thought the associations are the ones controlling the price?

Mboi2:
It's not true. The traders are the ones inflating the prices in the market through their unions and associations.
Even the transporters too do the same.
There's no price control board in Nigeria and that's why.

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.

Not the place of the Oba to intervene forcefully.

Shey there was one Oba that said they will be locking filling stations? How far na? Lol

How can dis be done?

temiflex01:
Even the one produced in a farm within the areas, when you bring it to the market to sell, you have to still sell the market price on the high, even if you're not incurring any transport cost.

scrapping union task collectors and having a food price cap and control is the right way to go.

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.

What if all traders do the exact same thing as you said by taking their stuffs to where they will sell to the highest bidder, forget not that you’re also coming back to buy stuffs which would have been sold to the highest bidder like you did yours ‘cause you might not be able to afford it.

Then the masses die of hunger.

PHIPEX:
The different is "govt"

That difference separates capitalism from communism/socialism.

No body protests if indomite increases it's price because it's a private business, if you don't like it go and buy another product

na wa

so you want filling station to sell at a loss, but you want food traders to sell for profit?

Believeintruth:
At least the Oba has the interests of his subjects at heart and is taking measures, no matter how small they may be.

Intervention with logical approach is better. Nigerians will buy cheaply from there and sell expensive somewhere else leading to scarcity.

The average Nigerian leader has less than average IQ. This goes for the citizens as well. Gosh!

How can production be increased?

CodeTemplar:
This moves looks good on the surface but the way to rid the market of greedy middlemen is not like this. It is better to increase production and encourage competitive middlemen to enter the business.

It is well..my heart goes out to you my Nigerians.

maidstone:
since you are so knowledgeable, why not start the business yourself and reduce your own price?

Fo. olish people everywhere

you can say whatever you like, fact is fact
Na we dey do ourselves sometimes.
I'm a bitcoin and coins vendor here in South, my rates is the one of the best

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 one doesn't know what he's saying.

Where do you reside even?

If you know what association is causing, you will praised the king.

I wish all south-west replicate this, then we are save.

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 one doesn't know what he's saying.

Where do you reside even?

If you know what association is causing, you will praised the king.

I wish all south-west replicate this, then we would be saved.

opalu:
You don't have right to force Producers of food how much to sell. Because that will bring advanced hunger. Those people and others that have this will refuse to produce next time. Instead why not grow large hectares of food in your domain as oba? Then sell

oba does not have the right to fixed bcus he is reducing the price abi... but association leaders have the right to fixed price because they are increasing the price....

Are you happy that prices of foodstuff are going up and sad that prices are coming down?

Do you always feel sad if ur friends are doing better or received good news and happy wen your friends received bad news... hmmm. I guess so

Belawy:
what do you understand by force of demand and supply? It sad Nigerians don't know what they want.

It's pathetic people don't understand simple economic terms, you can go to Google to get yourself educated and then come back for discussion.

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.

are you into buying and selling? All of a sudden, Nigerian traders became greedy from 2023 till date.

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.

are you into buying and selling? All of a sudden, Nigerian traders became greedy from 2023 till date. The real problem is govt policies and not the traders.

oluxy:
This one doesn't know what he's saying.

Where do you reside even?

If you know what association is causing, you will praised the king.

I wish all south-west replicate this, then we would be saved.

I do know what association is causing. They are creating a monopoly in the market so only they can set prices, and in most countries that would be illegal.

If Kabiyesi were serious, he would perhaps include the transport association that set transport prices too, but he hasn't, and has set price for the sellers alone.

This is not a job for Kabiyesi, but a job for government. Thankfully, this very wise Kabiyesi has set the ball roiling so it has become a topic of discussion. In the end, some people will not be able to control a market that ought to be free. And that would hopefully include the market of wages too so workers get what they are worth.

DMCY:
What if all traders do the exact same thing as you said by taking their stuffs to where they will sell to the highest bidder, forget not that you’re also coming back to buy stuffs which would have been sold to the highest bidder like you did yours ‘cause you might not be able to afford it.

Then the masses die of hunger.

Sir, this is the danger of market controls. You can not force a seller to sell at a loss.

Come on, just think. What would you do if you go market to buy something to sell and someone tells you you must sell at a price that is less than what you paid for it or that is just not profitable enough for you? Is your business a charity, I would ask you.

Market sellers are not tied to anyone market, and will take their produce to sell in the market that profits them. It is not their concern if you starve. They are not your papa or mama!

Nonsense. Nigeria is not a communist country. It is a capitalist country. The Oba cannot fix prices for traders. The traders should head to the Court to keep the Oba in his place.

[quote author=Babalegba post=131477639]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.[/quote

You can rent a shop and trade so that you can sell at the Oba's prices.

Best news

Obiisafruad:
Fulani kidnapped obas.
But you,na your own ppl dey kill una, dey burn una alive, people who uses bicycle kick 🦵 to wake their parents FROM sleep. Useless children from bastards parents, OSuU pigs 🤧
Sebi na monkey dey Bleep una parents those years, na y una look like pig with anyhow shape, flat headed Igbos animal l.. results of broken condoms...ekwensu

Foreigners are coming to your desolate land to kidnap your Obas and chase your clans to Benin Republic effortlessly while you all dingbats are online foaming in the mouths as the undisputed bunch of imbecîles.

A castrated Abobaku like you with malnourished upbringing and cone shaped head laced with scratched face could only rant online like his dead progenitors whose grave yards have been sold to an Igbo man.


Homeless dejected bastard.

11Monkeys:
Foreigners are coming to your desolate land to kidnap your Obas and chase your clans to Benin Republic effortlessly while you all dingbats are online foaming in the mouths as the undisputed bunch of imbecîles.

A castrated Abobaku like you with malnourished upbringing and cone shaped head laced with scratched face could only rant online like his dead progenitors whose grave yards have been sold to an Igbo man.


Homeless dejected bastard.

You're talking like someone who is pained 😂🤣
If you live the kind of life I'm living you'll be glad for the rest of your life, all those ones you said is your portion.

Tell us what happened to you and you families on Monday, wetin Una blodas aka ugm do you and your family ?
Was your mothers asn sisters raped?
Don't be ashamed say it ooo.

If if white comes and steal my land I understand but on your case na your own blodas dey kill you, family matters dog eating dog
OSU killing osu

Besides you just got free 10mb to come online again 😂🤣

Poor goat I'm sure your father will be so lazy that he had become so useless in life even to his kids 😞

Obiisafruad:
You're talking like someone who is pained 😂🤣
If you live the kind of life I'm living you'll be glad for the rest of your life, all those ones you said is your portion.

Tell us what happened to you and you families on Monday, wetin Una blodas aka ugm do you and your family ?
Was your mothers asn sisters raped?
Don't be ashamed say it ooo.

If if white comes and steal my land I understand but on your case na your own blodas dey kill you, family matters dog eating dog
OSU killing osu

Besides you just got free 10mb to come online again 😂🤣

Poor goat I'm sure your father will be so lazy that he had become so useless in life even to his kids 😞

I won't live the poverty stricken life of yours that made you toil all day and night singing Thièfnubu's praises over 30k stipend. Hunger wired chacma baboon.


At least, the insecurity in the South East is caused by the indigenous people unlike your region, a no man's land, where everybody can wreak havoc and compel the Obas to scamper to safety with both legs hitting their cone shaped heads to Benin Republic.


Which white is coming to steal your land? Ok Fulani herdsman are white people by your definition. Stinking rabid chihuahua. You are completely useless humanity

You sit down your brown roof thatched house and project your penury on me. Shameless twerp. I don't brag with MB. That's where your life revolves.


If your swanky toad of a father was reasonable enough to have used a condom on the day he had a copulation with the psychiatric patient that birthed you, the world would have one less idiot to contend with.

Shit head.😋😋😋

11Monkeys:
I won't live the poverty stricken life of yours that made you toil all day and night singing Thièfnubu's praises over 30k stipend. Hunger wired chacma baboon.


At least, the insecurity in the South East is caused by the indigenous people unlike your region, a no man's land, where everybody can wreak havoc and compel the Obas to scamper to safety with both legs hitting their cone shaped heads to Benin Republic.


Which white is coming to steal your land? Ok Fulani herdsman are white people by your definition. Stinking rabid chihuahua. You are completely useless humanity

You sit down your brown roof thatched house and project your penury on me. Shameless twerp. I don't brag with MB. That's where your life revolves.


If your swanky toad of a father was reasonable enough to have used a condom on the day he had a copulation with the psychiatric patient that birthed you, the world would have one less idiot to contend with.

Shit head.😋😋😋

A failed man , with failure in all he does has said something , failure like OBI
See what one drop of cum has caused from a broken condom