Economic hardship: Emir of Lafia urges traders to support government

2024-02-13 20:47:02

Blueprint Newspapers Limited

The Emir of Lafia, Justice Sidi Bage l (Rtd), has urged traders in the country to support government's plan to contain the challenges of the present economy hardship faced by Nigerians.

He made the call Tuesday when he hosted the leadership of the Nasarawa state Traders and Marketers Association at his palace in Lafia.

He said government had planned to distribute food items across states of the nation to ameliorate the soaring plights of the poor masses and charged the traders that more deliberate, sustainable measures should be taken to stabilise the nation's economy that would afford the poor the opportunity to put food on their tables.

He stated that government as a key player has a role to play to maintain stability of the economy through proactive mechanisms in price control and effective coordination of food value chain to prevent hoarding and excessive pricing.

He added that there is an urgent need for swift and decisive action to mitigate the impact of the cost of living crisis and restore hope of the country's citizens.

He noted that reversing the fuel subsidy removal policy of the Tinubu-led administration is not an effective solution but suggested sincere economic policy that brings a total halt to the current crisis.

Speaking, president, Nasarawa State Traders and Marketers Association, Musa Turaki-Gamji, said the union is touring the zones across the state to sensitise traders on supporting government's plans to assuage the plight of the people.

He noted that the association tasked itself to immediately take concrete actions aimed at alleviating the living standard of the citizens.

He noted that Nasarawa was blessed with large amount of food produce last year, but unfortunately, marketers from Kano, Sokoto, Kebbi, Zamfara and other places had siezed the opportunity of the food boom to buy and hoard them in faraway places leaving the people in hunger and starvation.

The president called for careful study of monetary policy of the nation, noting that dollarisation, rising inflation, customs duty and price control are some areas for authorities to pay attention to if the difficult situation must be addressed.

Chairman of the Special Taskforce on market price sensitisation, Mohammed Ibrahim, said the taskforce would go round the local government areas of the state to stem the tide of the growing economic hardship in the country.

2024-02-13 News