Economic hardship: Kano traders slash prices of essential goods

Traders of essential commodities in Kano State on Monday disclosed their resolve to reduce prices of their commodities.

Chairman of the marketers, Ibrahim Danyaro, disclosed the resolution of the marketers while addressing newsmen shortly after a meeting with the Chairman, Kano State Public Compliant and Anti-Corruption Commission. reports The Vanguard.

This development followed the confiscation of 10 warehouses with hoarded assorted foodstuffs in the state by the Kano State Public Complaints and Anti-corruption Commission.

The commission’s chairman, Muhyi Magaji, said owners of the warehouses were nowhere to be found during the operation but those opened were stacked full of commodities, including spaghetti, rice, pasta, sugar, and other food items.

But Danyaro said the traders were currently selling their commodities in the market at a price less than the company prices.

He said the decision by the traders followed the public outcry over the soaring prices of essential commodities and the high cost of living in the country.

The market leader also vowed to assist the commission in fishing out bad eggs among those who are arbitrarily increasing prices of commodities and hoarding.

He said, “We are here to disassociate ourselves from hoarding. We have come forward to the commission with our pieces of evidence and the commission is convinced that we are not involved in hoarding.

“The rising prices of commodities which are recorded in the market was not arbitrarily done by our members. This development is brought about by the companies. And we suggested measures to address the situation at hand.

“One of them is for the commission to hold similar meetings with the manufacturers of these commodities to find out why the inflation of prices.

“We have expressed our resolve to cooperate with the commission to bring down prices of commodities to bring succour to the people. However, this, we can only do with the stocks we have at hand now. The prices we sold our stock in the market is not up to the current company prices.”

Another market leader, Hamisu Rabi’u, assured the residents of maintaining the old prices of the stocks at hand against the skyrocketing prices being experienced at various markets across the state.

“Take for instance, spaghetti that we sold at N11,500 or N11,700 in the market is now sold for N12,800 in companies. Sugar in the company is sold for N72,000 but we sold it N70,000. Rice is sold at N65,700 now but we sold it at 57,000 to 60,000.

“We will ensure that our stock at hand won’t go beyond the company prices for the sake of our people. We agree to run at a loss than to throw our people into difficulties”.

SOURCE: The PUNCH

Propaganda government. Tackle the real issue on ground..

Previous Thread: https://www.nairaland.com/7997849/kano-seal-10-warehouses-hoarding
Kano Seal 10 Warehouses Hoarding Food Worth Millions Of Naira

This is propaganda. Face the reality and stop dishing out lies

okay

Lol. They said, “We agree to run at a loss than to throw our people into difficulties”. Continue. I understood that part I quoted very well.

a4cube:
Hahahahah they know that Nigerians are battered with hunger that they hardly reason. So they dish out lies and Nigerians believe them.

They think some of us are like the ones they know. They should continue using panadol to ‘cure’ malaria/cancer.

Paraman:
I wander why some Nigerians are hoarding foodstuffs. This is one of the reason food inflation is rising... Dumb people

A fee Cee taught them how to hoard during COVID-19

I wander why some Nigerians are hoarding foodstuffs. This is one of the reason food inflation is rising... Dumb people

meum:
Lol. They said, “We agree to run at a loss than to throw our people into difficulties”. Continue. I understood that part I quoted very well.

Hahahahah they know that Nigerians are battered with hunger that they hardly reason. So they dish out lies and Nigerians believe them.

Most of the warehouses serve as World food program stores. But an average greedy Nigerian receives supply of food stocks from an agency and then lock them up to create unneccessary exploitations.

Na we be our problem

Any avenue to maximise profits at the expense of others ,we exploit to the maximum

However, this Is a knee jerk response. Tackle insecurity so that farmers can go back to the farm.

When prices go up...na our leaders!


When prices go down..... Praise the Lord! Alhamdulillah!


Humans killing humans!

Lori iro.

We don't even know what to believe in this country again.
Every government that comes in make things tough and lie to Nigerians that it is for the betterment of the country, they will even say that the result may take time but will over the years bring benefits...
Here we are now.
Where are the benefits since Obasanjo to Yaradua to Jonathan to Buhari...
25 years after we haven't seen the benefits

Fortuneed:
Propaganda government. Tackle the real issue on ground..

They have come again to deceive the gullible..


There's a limit that propaganda can take APc
That's to the presidency..

It won't make there stay a success..

Rather a taboo

My concern is that food should be made available at an accessible price

Lol

Saboteurs

the government yu people chose........
...defining social development via propaganda, palliative hunger, trial and error.........
APC

Wicked Witches

I mean politicians

This lie is enormous

N1,000 to N2,000 is price crash abi? Na "statistic" and propaganda Nigerians go chop?

Lies from the pit of hell
Selling below company price lmaaooooo

Noted.

Propangada. Alarmist government. So ten warehouse not selling items they have within their right to keep is why the nation is in poverty and hunger. Since when did it become a violation of the society to have foods stored in warehouses. Did you guys produce the commodities for them or finance their production. Empty barrels. I woll do this, i will do that, you got power you dont know what to do with it entering your tenth year. Deluded urchins

Expected

Someone told me yesterday that the reason for the increase in the cost of food items is because other neighboring countries now come to Nigeria in lorries via northern boarder to buy grains from Nigeria.

They find out foods cheaper because of the poor value of the naira.

It Rose by the tens of thousands and is falling by the thousands and you call that slashing?

Lol

So propaganda apc want us to believe it's hoarding that is causing food scarse

Shebi its now fuel ni, who get perishable goods go sell am sharply cos people would still buy

Hope for better Nigeria

This news is so funny.

A Nigerian entrepreneur to run at a loss because of fellow citizens?