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Author Topic: Regulation of price by the government  (Read 204 times)
Belarge
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April 26, 2024, 08:58:45 PM
 #21

Omo this issue is a big challenge in Nigeria,Nigeria need to try create a bench mark,which help to regulate prices of things been sold.but looking at the system those companies and industries own are still by the Nigerian politicians who benefit from it increase in price of goods in the market.
The market is likely manipulated by those in power for their own selfish interests. The regulation of price movement should be based on the bodies responsible for the food, don't ever underestimate the top tasks placed on these bodies although most of them have failed to deliver their jobs. Nigeria have failed to improve and have become dormant over the years, really devastating to watch the youths suffered and having zero positivity and balance in the country's economy.

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April 26, 2024, 09:41:31 PM
 #22

One of the major problems we are facing in our country Naija is the regulation of price should be handled by the police or tax forces to monitor every citizen selling goods, must of the company really take advantage of the current situation of the price because of the dollar rate, even when the dollar is not high some people are selling a particular commodity or goods in different rate, this is because no one is monitoring them, and it really affecting the poor because of the price rate, don’t you think this is really happening? Everyone should know what I’m talking about. If you go to 4 different stores you will find out that it different prices.
If our government should look into this price of a thing.
The thing be say be no be say dem no get people or agency wey supposed dey help regulate this price of goods but the matter be na how their activeness dey because I remember say there was a time the price of petrol was out of hand in my area and this particular group although I don't know their names started locking up filling stations that was selling above the normal price and the following week that pressure became effective as the whole price took to corrections. If this kind actions is done in every sector and area then price if things atleast go get head small.

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