We Won’t Control Prices To Reduce Food Costs – Tinubu - Politics (2)

We Won’t Control Prices To Reduce Food Costs – Tinubu - Politics (2) - Nairaland

Nairaland Forum › Nairaland General › Politics › We Won’t Control Prices To Reduce Food Costs – Tinubu (11202 Views)

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by jojothaiv(m): 6:35am On Dec 24, 2024

TOPCRUISE:
The customer is no longer king in that case

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Peakdesign23(f): 6:35am On Dec 24, 2024

Nigerians make una hustle o cos 2025 no go dey easy.

1 Like

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Dittodat: 6:35am On Dec 24, 2024

Price control is anti capitalism and against free market economy.

3 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by NaijaCrusader: 6:37am On Dec 24, 2024

If they won't tell you or ask you real questions in the manner and tone that reflects what the masses feel we will"Sir you are performing terribly as a president" at this point even Buhari seems to be a better president than you.

2 Likes

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Elidrisy20: 6:38am On Dec 24, 2024

Paraman:
Price of some foodstuffs like beans don dey fall

don dey fall from trailer/lorry abi

5 Likes 2 Shares

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Oghene86: 6:40am On Dec 24, 2024

Paraman:
Gbajue from Agulu will never become the president of Nigeria. Tinubu will rule Nigeria till 29/05/2031.

And your suffering will continue till then

2 Likes

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by hssd8nland: 6:40am On Dec 24, 2024

LegendHero:
Don't follow what our useless media write in their newspaper, let me break down what he said.

They asked him if he believe in price control and he said NO.

he said it is a thing of demand and supply. When you have enough supply, the people hoarding food will not have much incentive to do that when you have enough supply. So he said rather than mandate businessmen to sell at a particluar price, he'll rather endure we produce more food and beat them with the supply such that hoarding will be detrimental.

He then proceed to give instance of petrol. He said when he brought naira for crude, the people involved frustrated him for few weeks and after allowing demand and supply to deal with them, they resorted to gradual reduction in petrol price. He said the supply is in abundance for petrol so they can't hoard any longer so they have to sell.

If anyone think what he said is bad, then they should tell us how enforcing price control by force is better.

Thanks for this explanation. What they don't understand is that you can only implement price control if the government controls more than 40% to 50% of the produce. As it stands, I don't think that's the case.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Elidrisy20: 6:40am On Dec 24, 2024

Continue with your wicked way of life

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by JuanDeDios: 6:40am On Dec 24, 2024

kettykings:
If only this man or his advisers can visit any eateries or canteen and find out how much it cost for a normal meal.

Someone has lost touch with the real reality

Sorry, but price control isn't reality. I'm not a fan of Bulaba but one has to agree that he understands basic economics.

5 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by MamaOghenero(f): 6:42am On Dec 24, 2024

Softmirror:
The first people to highlight about FOOD are the ones that always say they are NOT HUNGRY. lol 😂😂😂😂

Tinubu is right. Focus on production and supply and prices will come down gradually.

Do a case study with PMS. Dangote started reducing his price the moment PH refinery started operating. BUA will soon join and many more.

Ofeke

2 Likes

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by 1bunne4lif(m): 6:43am On Dec 24, 2024

Softmirror:
The first people to highlight about FOOD are the ones that always say they are NOT HUNGRY. lol 😂😂😂😂

Tinubu is right. Focus on production and supply and prices will come down gradually.

Do a case study with PMS. Dangote started reducing his price the moment PH refinery started operating. BUA will soon join and many more.

shut up abeg, when prices come down in that manner, can it be attributed to government effort? No! Things at this rate will only be better through people's sweat and blood, we're expecting nothing from this charade of a government, hypocrites everywhere

4 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by cjudy(m): 6:46am On Dec 24, 2024

helinues:
Very mature talk

His Excellency gave example of how dollar was allowed to free fall without any interference

$2.5bn deal already sealed from the Brazil last summit.

Some ministers are currently in Saudi Arabia negotiating another sweet deal for the country

6 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by EmperorEmerald2: 6:46am On Dec 24, 2024

Softmirror:
That stampede in Anambra is a great lesson.

....
I have been telling people that Fg planned that Stampede

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by ada9ja(f): 6:46am On Dec 24, 2024

Paraman:
Gbajue from Agulu will never become the president of Nigeria. Tinubu will rule Nigeria till 29/05/2031.

Eyaaa I was waiting to see...Tinubu will rule forever never knew it has a finished date .....

2 Likes

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Tooreda: 6:48am On Dec 24, 2024

VinnyBaba:
See how the 35yr old Mummy's Boy called Helinues is running his mouth anyhow on this thread.

As he is still eating Free Beans and Garri in his Parents house,
He always has Energy for NONSENSE talk.

Whether food prices goes Up or down, It does NOT concern him at all.

He is an overfed toddler for sure

2 Likes

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Inspirer1: 6:59am On Dec 24, 2024

Softmirror:
The first people to highlight about FOOD are the ones that always say they are NOT HUNGRY. lol 😂😂😂😂

Tinubu is right. Focus on production and supply and prices will come down gradually.

Do a case study with PMS. Dangote started reducing his price the moment PH refinery started operating. BUA will soon join and many more.

hope you'll come back to repeat this when the price of crude goes up. Let's see whether Dangote Refinery and others will still be lowering price of petrol due to "competition" or that they will raise it accordingly.
You people know that price of crude determines the price of petrol and NOT competition but you're deceiving those who are ignorant that it's competition.

4 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by criuze(m): 7:11am On Dec 24, 2024

I just want to know where he's going to get the supply from that all

1 Like

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Franking: 7:11am On Dec 24, 2024

Of course. Prices don't affect you na.

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Willie2015: 7:14am On Dec 24, 2024

LegendHero:
Don't follow what our useless media write in their newspaper, let me break down what he said.

They asked him if he believe in price control and he said NO.

he said it is a thing of demand and supply. When you have enough supply, the people hoarding food will not have much incentive to do that when you have enough supply. So he said rather than mandate businessmen to sell at a particluar price, he'll rather endure we produce more food and beat them with the supply such that hoarding will be detrimental.

He then proceed to give instance of petrol. He said when he brought naira for crude, the people involved frustrated him for few weeks and after allowing demand and supply to deal with them, they resorted to gradual reduction in petrol price. He said the supply is in abundance for petrol so they can't hoard any longer so they have to sell.

If anyone think what he said is bad, then they should tell us how enforcing price control by force is better.

That's the theory part of economics.......
But we now by practice that they don't work in Naija...
Have we crash the price of cement in Nigeria even with all the local producers
Dangote ...BUA... Lafarge....
What about cost of Agtic produce and common food items ?
U dont leave some sectors to the forces of DD and SS only
Or else masses go suffer...just like we are doing now...
USA dey subsidize Agric sector to the tune of $30b per year...
Let him start by reducing d cost of governance across all tiers of govt
If he is for reforms.
No be to dey push masses into poverty in the name of reforms
While the bog boys feed fat on tax collected.

3 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by piriton: 7:15am On Dec 24, 2024

Whatever happens in another country ends up affecting others

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by skywalker240(m): 7:31am On Dec 24, 2024

vanbonattel:
Yes, it has fallen to about #8,700 a mudu here in Obhomoshoe

Ogbomosh

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Lifemanage: 7:33am On Dec 24, 2024

Softmirror:
The first people to highlight about FOOD are the ones that always say they are NOT HUNGRY. lol 😂😂😂😂

Tinubu is right. Focus on production and supply and prices will come down gradually.

Do a case study with PMS. Dangote started reducing his price the moment PH refinery started operating. BUA will soon join and many more.

Fake, what now happened to cement? Prices are controlled by the cabals. Govt needs to intervene. Inspite of the various new cement companies, prices continue going up

1 Like

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by kennyamusan(m): 7:36am On Dec 24, 2024

Softmirror:
The first people to highlight about FOOD are the ones that always say they are NOT HUNGRY. lol 😂😂😂😂

Tinubu is right. Focus on production and supply, and prices will come down gradually.

Do a case study with PMS. Dangote started reducing his price the moment PH refinery started operating. BUA will soon join and many more.

Comparing PMS and food is the most illogical, insane, and stupid thing to ever come out of the brain of a rational human. Food is a daily consumption. Without it, man is nothing. No government in the world can hand off the price of food; otherwise, the citizen would die of hunger. Nigeria barely produces what they eat. Everything is imported because no one wants to farm anymore, but the oil and gas sector is on a different pedestal. It is on the premise of exchange rate. Build new refineries, fix the existing ones, and by the law of demand and supply. Things would naturally fall into place, but one Oniranu thinks by rocket science everything would work naturally in a country ravaged by bandits, where most of its agricultural produce comes from? ko da ke yen stupid sha

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Lifemanage: 7:37am On Dec 24, 2024

LegendHero:
Now let me ask you this.

—For the sake of argument, let’s agree #1540 per USD is the current rateof the Naira to the USD (I don’t believe this is the true rate yet).

—If you are saying Tinubu should peg it to #600, that means someone will need to cover for the differences. How do you think Tinubu should afford subsidy of over N900 on every $1 exchanged?

I agree he can come in to the market to give some form of subsidy on it, but blowing N900 per $, is detrimental in the long run. They’ll just print more money and borrow more and that inflation we want to curb will only go up more.

I just think we need to aggressively produce more, the shortest way to achieve that is crude output. Don’t sleep, just make sure by fire by force, the crude output go up in the shortest time and maintain some level of $$ supply.

Lazy people, crude wey no benefit Niger delta nai Una de ask to increase output. Militancy is actually the new normal in a Nigeria. What injustice??

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by riczy(m): 7:42am On Dec 24, 2024

Leave all this cho cho cho, Baba ur party should take our country back to were u meant it, shikina!

1 Like

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Jaylord12(m): 7:50am On Dec 24, 2024

Paraman:
Gbajue from Agulu will never become the president of Nigeria. Tinubu will rule Nigeria till 29/05/2031.

He should rule until eternity.......U who has taken the place of God....smh

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Topman7: 8:05am On Dec 24, 2024

Softmirror:
The first people to highlight about FOOD are the ones that always say they are NOT HUNGRY. lol 😂😂😂😂

You make a very good point. wink

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Nnamdipapa(m): 8:07am On Dec 24, 2024

I thought he was closing shops of traders selling at higher prices.

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Johncarlo07: 8:16am On Dec 24, 2024

Softmirror:
The first people to highlight about FOOD are the ones that always say they are NOT HUNGRY. lol 😂😂😂😂

Tinubu is right. Focus on production and supply and prices will come down gradually.

Do a case study with PMS. Dangote started reducing his price the moment PH refinery started operating. BUA will soon join and many more.

Will Dat bring down d price to wat it was bfor?
Even richer countries subsidies essential commodities for deir citizens. Bt Batist lyk u, while trying to sound intelligent, reveals more levels of ur stupidity.

3 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by abibun: 8:26am On Dec 24, 2024

vanbonattel:
Yes, it has fallen to about #8,700 a mudu here in Obhomoshoe

How much will it be during off season

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