Consumers demand re-introduction of price control system
NAN-H-32
Prices
By Usman Aliyu
Ilorin, Nov. 18, 2016 (NAN) Some consumers in Ilorin on Friday called on the Federal Government to re-introduce price control mechanism for commodities to check inflation in the country.
A cross-section of consumers that spoke with the News Agency of Nigeria (NAN) lamented that lack of sufficient money in circulation in the country was further worsened by the unabated increase in the price of commodities.
Mr Nasir Bakare, a civil servant told NAN that government would need to act fast to save the public from the indiscriminate increase in the price of items in the country.
According to Bakare, many traders are leveraging on the economic recession to increase prices at will, thereby worsening the economic condition of the populace.
“Look for instance, you will buy a commodity now and before you know it, if you go back after some minutes, the price is changed.
“This is bad and unfair to the public, who suffer to get little from the inadequate money in circulation,” he said.
Mr Adeniyi Adeyemi, a newspaper vendor, also said it was time government acted to save the country from total collapse.
Adeyemi explained that no commodity was left out as things were getting harder day by day.
The vendor stated that it became a problem seeking a means of livelihood.
He said that even if a consumer got a token to spend, the skyrocketing price of commodities would compound the issue.
He advocated for the re-introduction of price control system in the control to check unnecessary hike in the price of commodities.
Mr AbdulRazaq Yusuf, a resident, also told NAN that he was embittered by the economic situation in the country.
Yusuf noted that the way government was leaving traders to fix their prices at will was exploitative of the poor.
He urged government to seek a solution to the failing economy to alleviate the suffering of the populace.
Similarly, Mr Tunde Bolaji, Imam Lutf and Alhaji Yahaya Erubu also backed the agitation for price control system in the face of the inflation.
They said price control mechanism would serve the interest of ordinary citizens. (NAN)
AUO/ORO/MST
Edited by Razak Owolabi/Muhammad Suleiman Tola