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

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

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We Won’t Control Prices To Reduce Food Costs – Tinubu by Bobloco: 10:02pm On Dec 23

The President has said he does not support price control as a means of bringing down food prices.

Tinubu, who spoke on Monday during the presidential media chat, said the forces of demand and supply would eventually force down the prices.

He added, “I don’t believe in price control. I’m sorry. What we have to do is to keep supplying the market.”

https://dailytrust.com/breaking-we-wont-control-prices-to-reduce-food-prices-tinubu/

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by vanbonattel: 10:12pm On Dec 23

One goid yoruba man called him an economic illiteratta today cheesy

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Softmirror: 10:15pm On Dec 23

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.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Paraman: 10:17pm On Dec 23

Price of some foodstuffs like beans don dey fall

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by helinues: 10:18pm On Dec 23

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

61 Likes 8 Shares

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by vanbonattel: 10:21pm On Dec 23

Paraman:
Price of some foodstuffs like beans don dey fall

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

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by buckeyemedia: 10:22pm On Dec 23

vanbonattel:

One goid yoruba man called him an economic illiteratta today

Sorry for u waiting for the economic illiterate to come & help you arrange your life.

Double jeopardy for you.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by buckeyemedia: 10:23pm On Dec 23

vanbonattel:

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

Lazy Eyepobian dey wait for cheap beans & Uncle Ben’s rice.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Paraman: 10:23pm On Dec 23

vanbonattel:

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

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

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by buckeyemedia: 10:24pm On Dec 23

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.

Them Bobloco, Bigkoko & vanbonattel.

7 Likes 2 Shares

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Softmirror: 10:27pm On Dec 23

buckeyemedia:
Them Bobloco, & vanbonattel.

That stampede in Anambra is a great lesson.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by buckeyemedia: 10:32pm On Dec 23

Softmirror:

That stampede in Anambra is a great lesson.

. A great lesson to who?

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by yarimo(m): 10:38pm On Dec 23

Nigerians are happy with your style of leadership now. Carry on Mr president

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by kettykings: 10:39pm On Dec 23

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

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by helinues: 10:42pm On Dec 23

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

As you no dey cook for house, oya tell us how much a normal meal cost at eateries.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by LegendHero(m): 10:45pm On Dec 23

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

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.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Jorussia(m): 11:02pm On Dec 23

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.

Price control is a waste of time and effort.They didn't ask him about exchance rate and what he thinks about the current #1700 per usd.The exchange rate is the biggest problem in this country today.His reforms are neccessary and very courageous,but if we cant get #600-#700 fx all his efforts would be total failure.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by helinues: 11:08pm On Dec 23

Jorussia:
Price control is a waste of time and effort.They didn't ask him about exchance rate and what he thinks about the current #1700 per usd.The exchange rate is the biggest problem in this country today.His reforms are neccessary and very courageous,but if we cant get #600-#700 fx all his efforts would be total failure.

You did not watch the interview

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Jorussia(m): 11:13pm On Dec 23

helinues:

You did not watch the interview

Baba I started the interview till 15mins and i came back during the last 10mins.Dem ask am about fx?make even go download the full interview self.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by helinues: 11:16pm On Dec 23

Jorussia:
Baba I started the interview till 15mins and i came back during the last 10mins.Dem ask am about fx?make even go download the full interview self.

Yes

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by LegendHero(m): 11:17pm On Dec 23

Jorussia:
Price control is a waste of time and effort.They didn't ask him about exchance rate and what he thinks about the current #1700 per usd.The exchange rate is the biggest problem in this country today.His reforms are neccessary and very courageous,but if we cant get #600-#700 fx all his efforts would be total failure.

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.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by VinnyBaba: 11:25pm On Dec 23

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

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.

15 Likes 2 Shares

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by BreconHills(m): 11:43pm On Dec 23

Jorussia:
Price control is a waste of time and effort.They didn't ask him about exchance rate and what he thinks about the current #1700 per usd.The exchange rate is the biggest problem in this country today.His reforms are neccessary and very courageous,but if we cant get #600-#700 fx all his efforts would be total failure.

600-700 is a straw man. The realistic rate for the naira is at least 1000- 1200 right now.

Secondly NG does not need a low dollar rate. If rates remain high we will see product substitution.

Higher exports ( already happening)

More USD

Ultimately lower dollar rates.

Government does not owe anyone foreign education, imported food or international subs. In any case foreign products serious about thr NG market place are already allowing naira payments via normal atm cards.

We stay the course.

10 Likes 1 Share

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Max24: 4:32am On Dec 24

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

Meanwhile Obi and his supporters will be asking why is he travelling all the time. Hope they can see now that their saint knows nothing where Tinubu dey. Will that 2.5B dollars not lead to some employment? Their common sense does not tell them that the more investments their is in Nigeria, the more jobs will be created. Obi lacks the brain sophistication of Tinubu. Obi is nothing more than a trader. Not a viable alternative.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by toneroforever(m): 5:31am On Dec 24

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.

Lies and propaganda don't run a country's economy.

FG will always say "we will,we will...." yet they end up doing nothing.
Audio 40k rice... Audio duty free importation of rice for 6 months. Yet food prices keep soaring.
FG is now depending on demand and supply to reduce food prices.
No matter the metric tonnes of rice you cultivate additionally, remember that the cost of transportation and the high cost of living will make the price expensive for the buyer.
Tinubu is daft when it comes to the economy.

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Yankee101: 5:51am On Dec 24

You’ll steal all that money and Nigerians will inherit it

1 Like

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by AntiChristian: 6:33am On Dec 24

While some are crying some are building!

Na so life be!

Yaa Fattahu iftahli!

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Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by Richtaiwo(m): 6:34am On Dec 24

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.

2 Likes

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by jojothaiv(m): 6:34am On Dec 24

MUMU!

Na to sit out the press remain like this.

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by kennyz247(m): 6:34am On Dec 24

Always on colos

3 Likes

Re: We Won’t Control Prices To Reduce Food Costs – Tinubu by TOPCRUISE(m): 6:34am On Dec 24

The customer is no longer king in that case. embarassed

1 Like 1 Share

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