Just In: Tinubu Govt Reveals Reason Behind High Cost Of Goods, Foodstuffs

naijanews's logo

Naijanews April 20, 2024 10:56 a.m.

Just In: Tinubu Govt Reveals Reason Behind High Cost Of Goods, Foodstuffs

The executive chairman of the market, Gimbal Salasi, expressed support for the FCCPC’s efforts, stating that market executives are working to ensure hitch-free market operations and price regulations.

However, sustained efforts from all stakeholders, including the government, businesses, and consumers, are necessary to address the complex issues driving high prices and ensure a more stable economic future.

“The cost of transportation is a significant burden on sellers, and this cost is inevitably passed on to the consumer,” Adeyinka explained during a market surveillance exercise in Masaka Markets, Nasarawa State, on Saturday.

This drastic increase is largely due to higher transportation expenses, the rising cost of pesticides, and security concerns in certain areas.” The FCCPC’s findings highlight the need for urgent action to address the issue..

Read Full Story

Weather Report

11.89

weather-icon

Friday, May 3

Stay pulsed! Stay informed!