Traders reject allegation of indiscriminate hike in prices of food items

PLACE YOUR ADVERT HERE

The market dealers in selling food items across the nation have been accused wrongly for high cost of  food prices indiscriminately.

They would rather blamed the skyrocketing prices of food items on insecurity in many parts of the country which they said had hampered supplies from farmers across the country.

The accusations had led the Federal Competition and Consumer Protection Commission (FCCPC) to embark on a fact finding missions to markets across the country.

Earlier on Wednesday, in an interview with Alh. Shehu Usman, the FCCPC mission Chairman of Mile 12 International Perishable Market in Lagos, said: “Nobody is inflating anything. The reason for rising costs of food items is because most farmers have been chased away from the farms by bandits, and many of them are now in IDP camps.

The only solution to this problem is for people to return to the farms. If you are not farming and you are not importing food, so, how do you get the food?

“The problem is enormous. The federal government should just make sure it provides enough security for people to continue farming. That is the only solution. As long as farmers are not able to go to the farms, food items will remain expensive.”

Alh. Taofik Olorunkemi, the Chairman of Ile Epo Oke Odo Market, also told the FCCPC officials that insecurity is the major issue in the rising prices food items because the farmers are not able to go to the farms due to the menace of kidnapping.

He stated further, “Another reason for the food inflation is the increase in the price of petrol as a result the removal of fuel subsidy, which has led to increase in the cost of transportation.”

PLACE YOUR ADVERT HERE

Popular Related

APC chieftains in Bayelsa warns Tinubu against making alliances with Douye Diri

President Bola Ahmed Tinubu has been warned by the Stakeholders Forum of the All Progressives Congress in Bayelsa State "to be wary of any...

Sanwo-Olu to announce monthly sanitation, says commissioner

Babajide Sanwo-Olu, the Lagos State Governor, is expected to declare the commencement of monthly environmental sanitation programme in the state. Tokunbo Wahab, the Commissioner for...

Support Tinubu economic reforms’

Dr. Dominic Joshua, the Chief Executive Officer of Cultivate Africa, a prominent entrepreneur and investment expert, called on Nigerians to exercise patience and restraint...

APC group vows to unsit PDP in Akw Ibom 2027 elections

In Ikot Abasi Local Government Area of Akwa Ibom State, the newly constituted Progressive People's Resolution (APC-PPR) committee of the All Progressives Congress has...

NAF destroys 12 illegal refineries in Abia, Rivers

The Nigerian Air Force says the Air Components of Operation Delta Safe destroyed 12 illegal refining sites and two reservoirs in airstrikes in Abia...

Ex-minister, Mamman collapses in court as money laundering case begins

Saleh Mamman, a former Minister of Power, collapsed outside the courtroom on Thursday at a Federal High Court, Abuja. According to the News Agency of...

Ariwoola to swear in Wike’s wife, 33 new judges Wednesday

Olukayode Ariwoola, the Chief Justice of Nigeria (CJN), will swear in another 22 newly appointed judges of the Court of Appeal aside from the...

Cost of cooking jollof rice in Nigeria rises by 13.7%

The average cost of cooking a post of jollof rice for a Nigerian family of five has increased from N10,882 to N12,373, an increase...

Food prices will crash soon, FG declares

The Federal Government officially unveiled that high food prices currently burdening the nation would soon crash based on its commitment to ensure food security...

16 more state-owned schools approved for student loan

The Nigerian Education Loan Fund (NELFUND) on Thursday revealed that 16 more state-owned tertiary institutions have submitted their students’ data for the student loan...