₦airaland Forum

So it can not be enforced based on strict measures?. Na only to close entire market down for people to go hungry in the name of fake products that can be enforced. Misplaced priorities and weakness in governance. Fake sympathy from the federal level

Racoon:
https://www.vanguardngr.com/2025/02/fg-urges-traders-to-reduce-food-prices/ nlfpmod

They do magomago statistics and now they want marketers to reduce their prices

Between F.G and TRADERS ehn I nor know who useless and wicked pass o,the traders are extremely evil in this Nigeria,they are solely responsible for the artificial inflation current destroying Nigeria o.

If you like kill yourselves... I will remove subsidy, I'll float the naira. BAT never knew the effects of all this things. I blame those gullible miscreants shouting and supporting without thinking

Racoon:
https://www.vanguardngr.com/2025/02/fg-urges-traders-to-reduce-food-prices/ nlfpmod

wicked people....they want to push the blame to middle men

jetguy:
The first time I read the chapter of the Bible that said
"JESUS Wept"
I didn't know that it was because of Nigeria 🙆🤔

so you didn't read that he was at Lazarus grave?

The fastest way for the prices of food stuff and Raw food items to reduce significantly and fast is for State Government(s) and Local Government (s) to directly cut off middle-men from the food chain.

1,The State and Local Government will provide Land and inputs like machinery, fertilizer etc.

2,The State and LGs then buy directly from the Farmers as such cutting-off middlemen who are mere opportunists and enablers of artificial price hike. The Ekiti State Government has commenced this model with expectation of reducing food prices in the next harvest season.

3, States should collaborate directly on Inter-state basis and sell directly on this basis e.g Kebbi State and Lagos State on Rice production as such reducing price.

Middlemen will be the major reason why prices continue to soar.

abc115:
God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

something in me tells me you are not a wise person for the above statement.

What a joke cou**ntry we are!!

blaise26abj:
Reduce food prices but you are increasing the electricity tariffs and call fees . Food Prices will only reduce when prices of fuel and general cost of living drops.

Yes there are exploitative prices but in a free market system, someone with conscience will first reduce and others will follow competitively

I thought the same tinubu government said that food prices has reduced

How come they now want traders to reduce food prices ?

Na WA oo

The FG should looked into the mirrors and reduce the perks that comes with their offices, allowances and estacodes too and see miracle.

Bunch of clowns

1.REDUCE PUMP PRICE TO 75 NAIRA PER LITRE & SEE SWIFT REDUCTION IN ALL COMMODITIES.

2. GO AFTER THE BANDITS THAT ARE TORMENTING THE FARMER'S.

3. BAN ALL FOR OF AGBEROISM NATION WIDE.

4. PUT A HALT ON UNIFORM MEN COLLECTING TOLL FROM THE DELIVERY TRUCK.

If only FG can listen to my advice then all will be alright.

2cribz:
The traders alone are eligible thieves,the ones on my street are elephant thieves. Imagine selling a cube of Maggi for 60naira and a Congo of rice for 3200,when I can find it 2500 a Congo.every trader and retailer are huge thieves

What about shop rent ??

No one asked u,aboki no dey rent shop

Jokerman:
What about shop rent ??

Foolish people

That taxation, I think that is the main thing holding traders, wholesalers, middle men to reduce prices!

Racoon:
Suddenly the FG is begging retailers to cut down the end cost of consumables after it's foolish grandstanding.FG can't just be day dreaming while thinking it unfeasible economic shock measures is just going to autoregulate the cost of goods and services.

The galloping inflation, free fall of the naira, constricting taxation policies among other factors are not going to make it easy for retailers and consumers

How will the government reduce the hyperinflation, if i may ask?

BlackyOne:
Go out and arrest anyone with a profit margin of over 20%

Major producers needs to own retail outlets across the country, and enter into a franchise/partnership with major commercial retail outlets for ease of distribution.

These will help to reduce man made inflation, we know already that Nigerians are exploitative and terrible wicked to themselves as they've learned from the government, but the government can still do more to reduce the hyperinflation that majority of Nigerians are struggling with.

To how much? 🤣🤣🤣

If only FG can reduce pms pump price, electricity tariff cost

What is the main function of custom, if i may ask?

dominique:
Should the traders sell at a loss or at a profit margin that barely sustains them? Does the government consider what the traders go through to purchase the goods or the cost of transportation of these goods? Why can't they urge customs to reduce import duties on goods especially consumables. Why not urge to cut down on the exorbitant taxes these companies have to pay? Why should the people at the very end of the supply chain have to be the ones to determine the costs of good? Makes absolutely no sense!

Will you also urge landlords to reduce rent? When has any landlord in Nigeria ever reduced rent? You know very well that once the prices of certain items and services go up, they hardly come down. Yet, you were making senseless declarations upon assuming office. You didn't consider the implications, even if your policies, by chance, work out.

Which of the landlords in Nigeria would agree to a rent reduction? You mean after collecting a newly increased rent of 1 million in 2024, a Nigerian landlord would notify his tenants to start paying 500k in 2025 just because your useless policies are now "working"? Just like that? Useless people!

Racoon:
https://www.vanguardngr.com/2025/02/fg-urges-traders-to-reduce-food-prices/ nlfpmod

What happened to market forces

“The federal government is aware of the significant drop in the prices of food items across major markets, particularly for essential commodities such as flour, sugar, rice and pasta. However, it is deeply concerning that many retailers, bakers, and shop owners have refused to reflect this reduction in their selling prices, thereby denying Nigerians the relief they deserve.

SMH.. We Nigerians are our own biggest problem!

These clueless people
When did urging become a govt policy
Maybe they should kuku urge Dangote to start selling fuel at N200

Lanruze:
The fastest way for the prices of food stuff and Raw food items to reduce significantly and fast is for State Government(s) and Local Government (s) to directly cut off middle-men from the food chain.

^^^
Not all markets are wholesale markets. Middle men do play a vital role. Its very unlikely that government can handle the logistics of markets at the community level.

Government will do a poor job. Their track record in this sort of thing is very poor. If government cannot handle the logistics of elections - then you can be sure
government cannot handle the logistics of food supply to community markets.

Lanruze:
1,The State and Local Government will provide Land and inputs like machinery, fertilizer etc.

^^^
You need to elaborate more. Are you suggesting government goes into direct production on government owned farms?...Or are you suggesting that government gives land/machinery/fertilizer to farmers at subsidized rates?

Nigeria's history with government supplied fertilizer has been bad. It just hasn't worked well at all.

Lanruze:
2,The State and LGs then buy directly from the Farmers as such cutting-off middlemen who are mere opportunists and enablers of artificial price hike. The Ekiti State Government has commenced this model with expectation of reducing food prices in the next harvest season.

^^^
Shed more light on the Ekiti model. Are they doing anything differently from other state governments?

Lanruze:
3, States should collaborate directly on Inter-state basis and sell directly on this basis e.g Kebbi State and Lagos State on Rice production as such reducing price.

Middlemen will be the major reason why prices continue to soar.

^^^
Like I said earlier, not all markets are wholesesale markets. It is middlemen who make it possible for food to get to the small, local markets we patronize.

You are quite close to the answer. The problem isn't middlemen per se - the problem is collusion and price fixing among sellers - and price fixing/collusion is widespread in Nigerian markets of all kinds (wholesale & retail). There are already laws against this - that's why the FCCPC exists. Enforcement is an entirely different story though.

Edit: We have all agreed to ignore the elephant in the room and pretend the hike in the price of fuel, electricity, phone calls etc. doesn't matter.

Walahi... It seems to me that we are yet to experience the real suffering
According to our dear late Pa Adebanjo.

From Kano to lagos a trailer will pay over 400k in total to touts at each state b4 reaching destination that cost will be added

This APC Tinubu Govt. dey use us catch cruise.

Racoon:
https://www.vanguardngr.com/2025/02/fg-urges-traders-to-reduce-food-prices/ nlfpmod

Hungers must surely visit everyone mostly the poor ones

The economy does not respond to orders

- Obj

Something they didn't produce.