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Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff - Business (2) - Nairaland

Nairaland Forum › Nairaland General › Business › Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff (12845 Views)

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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Nana3418(m): 7:39am On Aug 28, 2024
The decision to dissolve the market committees could be a necessary step to curb price manipulation and ensure fairer pricing for consumers. However, it’s important that any new system put in place also supports the livelihoods of traders and maintains transparency in price setting.
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by guyboss: 7:41am On Aug 28, 2024
[quote author=Brendaniel post=131725283]Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

You were technically on point here

Next time carry tribalism or religious sentiment to vote during election and learn more lessons

Don’t be stupid.

You’re digressing. Past the point.
There are rules governing fair freedom of speech

Back to the point.

Don’t try to incite, instigate tribal or political tension among people who can’t help it. For God’s sakes?

Thank you.
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Alphiegabe: 7:41am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
Nobody forcing anyone to sell at loss there are people who can sell way below market price but are restricted by market associations
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Tradepunter2: 7:43am On Aug 28, 2024
donleo92:
I feel dissolving the committee has nothing to do with the high cost of living. Consider transportation, rents and other factors, these are the factors affecting the high cost of things
No.... Normally all those factors are spread across the food items... So it averages out.... It's the extra tax collection and price fixing of touts and these unions that pushes it beyond the inflation price..... Normally market people have efficient middle men that they use.... Take for example landing cost of Orange coming from the mainland is inflated cuz unions on island take cut from the suppliers and also the market people.... It's really messy, so we need to start from somewhere..... At least it will help in getting to the root of things....
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by AkinboT22: 7:44am On Aug 28, 2024
Haa good o
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by South343: 7:44am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
I know where you came from, u people are filed with hatted, go and read what was written before you talk, kodus to the tribe that want to eradicate corruption, monopoly and malpractices of all form
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by guyboss: 7:47am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by mamaafrik(m): 7:48am On Aug 28, 2024
donleo92:
I feel dissolving the committee has nothing to do with the high cost of living. Consider transportation, rents and other factors, these are the factors affecting the high cost of things
It does if you remove all those "registration fees,weekly or montly owo ọmọ ẹgbẹ,asoẹgbẹ" the cost of production comes down.


Ask transporters and tailors around
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by DJInfluence: 7:50am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
bro did you even understood the article? Please do yourself the favour of reading again then re-comment
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by frankson1(m): 7:50am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
Oga/Madam, make una dey try read, slowly and carefully to understand undecided
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by shidof(m): 7:52am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
Read to understand not to respond or criticize. Una go dey shout as if your end-time messiah turned the state he governed for 8 years to UAE in Nigeria
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Josephkabila12: 7:52am On Aug 28, 2024
Good one aholu of badagry
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Ameduedwin(m): 7:55am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
you lack comprehension, read again
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Yampotatocarrot(m): 7:55am On Aug 28, 2024
Funny, is he not the one in charge of the market committee before? Made it seem the Iya and babalojas work independent of him

All these Obas sef eh... It's not the committee that makes goods cost, it's those that collect ticket money.. can he dissolve those ones? A typical street trader at Iyana-Ipaja (those that display their wares along the road in the evenings) pay for about 4 tickets, as at early this year, don't know if it has increased sha... That is the main [/b]committee[b] he's supposed to dissolve

Go to Ile-epo, there's a section of Ile-epo called bush market, where you can buy foodstuffs very cheap, but you'll have to pay "matching ground" fee for every thing you buy... You put your load for ground, you pay, you put am on your head, you pay... Lol

Good development sha
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by EmekaBlue(m): 7:58am On Aug 28, 2024
VillagePipu:
We know those whose ancestors died of kwashiokor and malnutrition after eating lizards.
useless talk... Hope u r seeing the poverty rate now on d ronus

May God deliver u
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Eagleways: 7:58am On Aug 28, 2024
donleo92:
I feel dissolving the committee has nothing to do with the high cost of living. Consider transportation, rents and other factors, these are the factors affecting the high cost of things
we know these factors but let the individuals determine and fix their own prices themselves, based on how they bought
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Eagleways: 8:00am On Aug 28, 2024
SheikhMuniru:
EKITI Leads, others to follow.. Dissolved anything Iyaloja, Babalaje, etc they are all nuisance!
dissolve them so that Mrs Tinubu Ojo would be doing what or heading what ?
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Xkonzult: 8:02am On Aug 28, 2024
haybhi1:
Monarch are some of our issues as a people. They collect funds from herdsman to accommodate them, then these people get the impetus to wreck havoc.
They dislodge native people of their petty businesses after they collect crumbs from non-natives.
Some of them charge potential/intending manufacturing companies so much that those get forced not to mount their companies anymore within their locality—forgetting it's their youths who get employed there.
Enemy of the state spotted
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Ashirioluwa: 8:02am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
Nobody is telling businesses to sell their products at a loss. The leaders are only fighting against price gouging.
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Eagleways:
Cj4charles:
The Market leaders are not the cause of the problem.. If you want to hit a nail, hit it from its head and stop beating around the bush. Cost of fuel keep increasing which basically is affecting the cost of production and the cost of transportation.... so stop disturbing those market leaders
we know but transportation and fuel cost are not the ones making the prices mischieviously uniform. Let it be a situation where competition makes everyone sell according to how they are buying
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by beardedboy(m): 8:06am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
Which is your problem; reading or comprehension?
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Segzy19: 8:09am On Aug 28, 2024
At least the king has done what the bit that is under his control.... He can't do more than his capacity.

Kudos to him
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Mandate2023: 8:11am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
You are the dumbest person on nairaland.....we have seen foolish comment in d past but dis 1 is dead head comment..........come 2027 obi will still lose since u can't comprehend anything without political sentiments
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Faposky95: 8:15am On Aug 28, 2024
OmotolaCoolio:
E don cast. Last last na everybody go chop breakfast
Thanks Oba.......
The Govt don't see this as one of the ways to assure that people can integrate into food supply without such rogue associations.
Barbers '.....POS..... association....huh??
for ... Pete's sake.
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by correctyourself(m): 8:16am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
Is either you didn't read it or you don't understand what you read, it's a pity, so I can't help you interpret.
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by lexy2014: 8:18am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
A Traditional Ruler, the Akran of Badagry, Aholu Menu Toyi 1, has dissolved all market committees dictating the prices of foodstuffs and goods in Agbalata International Market, Badagry, indefinitely.
do you know what market committees are?
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by lexy2014: 8:20am On Aug 28, 2024
Mandate2023:
You are the dumbest person on nairaland.....we have seen foolish comment in d past but dis 1 is dead head comment..........come 2027 obi will still lose since u can't comprehend anything without political sentiments
you are calling someone dumb because his comment was a bit off.

what do we now call you since you talking about 2027, peter obi and election?

what has peter obi, 2027 and election got to do with the topic?

how are you now better than the person you are insulting?
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by lexy2014: 8:21am On Aug 28, 2024
donleo92:
I feel dissolving the committee has nothing to do with the high cost of living. Consider transportation, rents and other factors, these are the factors affecting the high cost of things
do you know what market committees are and what they do?
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by babtoundey(m): 8:30am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
Every situation should not be attached to election victory or loss. Even if a saint is in power market/sellers association are in the business of hiking price for selfish gain and interest. Recently, they are using inflation and economic hardship to further push their selfish ambitions. Things are bad, commodities are expensive, but these associations make the situation worse and are resorting to extortion. You can hardly guess the price of goods in the market because of he operations of market union.

The price of a bag of pure water is not the same in Lagos and Ibadan, Ibadan and Osogbo and many other places.
Market unions are counter productive and i always look forward to their forever ban.
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Gboom: 8:34am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
You seem to cry more than the bereaved.
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by Minjim: 8:47am On Aug 28, 2024
Brendaniel:
Is this really going to work? business is business, you can't force a business person to sell at lose just to please the government or the people...

Next time carry tribalism or religious sentiment to vote during election and learn more lessons
What the Oba is simply saying is, there should be competitive pricing. Individuals should sell according to their profit margin. No blanket pricing by unions.

If it cost me less to buy my goods ,I should be allowed to sell at cheaper price rather than compelling to sell at uniform price
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Re: Lagos Monarch Dissolves Market Committees Over High Cost Of Foodstuff by djseanjohn77: 8:48am On Aug 28, 2024
Morbeta11:
https://www.vanguardngr.com/2024/08/lagos-monarch-dissolves-market-cttees-over-high-cost-of-foodstuff/#google_vignette
When a video went viral online where some market association stopped a woman from selling her goods at a lower cost, this was the case. The main problem in Nigeria is association. These association uses force to make you become a member, you do not have a freedom of staying neutral. Just like "freedom to protest, is also another's freedom not to be forced to protest" Freedom of association is also a freedom not to be in any association.
However, those association uses the power of the association to control price, you do not have a free will to sell at any price you deem fit. That is something that can never happen in abroad - The State fixes the average price range, you as a marketer decides how much you will sell within that range. In Nigeria, you can't even decide to do promo at the market, you can't reduce your price. They do this so they can raise the dues they collect for the association where they in turn use to do party and jamboree.
SOme people will say this will not work, only if you know Badagry Agbalata market, you won't say so. The Agbalata market has been in existence since 1889, unlike most part of Lagos, Badagry (Ogbagleme or Gbagle called Gbagi from where Agbadarigi was coined - with the correct pronunciation being Agbadagleme) has maintained tradition and preserved her culture from these years. The marketers know they can't do otherwise, though they will try to lobby.
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