NewStats: 3,264,193 , 8,182,919 topics. Date: Tuesday, 10 June 2025 at 06:35 AM 55311x

The Federal Government has urged retailers to reflect the reduction in food prices and shun exploiting consumers. Abubakar Kyari, the Minister of Agriculture and Natural Resources, stated this on Tuesday during the 2025 Wheat Farmers Green Field Day at Dabi village in Ringim Local Government Area of Jigawa.

He decried the nonchalant attitude of retailers to reflect the reduction in their sales despite the drop in prices, describing it as unpatriotic and unacceptable.

“The federal government is aware of the significant drop in the prices of food items across major markets, particularly for essential commodities such as flour, sugar, rice and pasta. However, it is deeply concerning that many retailers, bakers, and shop owners have refused to reflect this reduction in their selling prices, thereby denying Nigerians the relief they deserve.

“In previous months, stakeholders in the retail value chain raised concerns about the rising cost of food items. Now that the prices have dropped, such as flour, which fell from N81,000 per bag to below N60,000, and spaghetti, which has fallen from N20,000 to N15,000. “It is only fair and just to let consumers benefit from food price reduction,” Kyari said.

He reiterated the government’s commitment to ensure food availability and engage with relevant stakeholders to reflect the current market realities.

The News Agency of Nigeria (NAN) reports that the event was organised in collaboration with the Flour Milling Association of Nigeria, the federal government and Jigawa state government. (NAN).

https://www.vanguardngr.com/2025/02/fg-urges-traders-to-reduce-food-prices/ nlfpmod

They are crazy.

Let's see them reduce fuel prices, reduce dollar prices and reduce corruption in government.

Very foolish people in power.
It's the draconian policies of the istration that caused the hike in price in the first place.

Meanwhile, Some resident zombies are going around saying that prices have reduced by 40%... Thieffnubu's zombies are just IRREDEEMABLE.

Suddenly the FG is begging retailers to cut down the end cost of consumables after its foolish grandstanding dishing out fake statistics and impression of what is not reality.

The FG can't just be day dreaming while thinking it unfeasible economic shock measures is just going to autoregulate the cost of goods and services.

The galloping inflation, free fall of the naira, constricting taxation policies among other factors are not going to make it easy for retailers and consumers

Seems like all these people that used to jack up prices especially of food stuffs at will have taken a break

Someone said we should wait until after Ramadan, then we will see wonders

An economist, Paul Alaje, says the rebased inflation by the National Bureau of Statistics (NBS) is good for investors’ confidence but has not changed the economic realities, including high food prices that Nigerians grapple with.

https://www.channelstv.com/2025/02/18/food-prices-still-high-but-rebased-inflation-good-for-investors-alaje/

Urges?

Import cheaper alternative and flood the market , they must receive sense 🤷
Useless goverment should stop taxing farm inputs, chemicals are too expensive

The average Nigerian is a extortionist from top to bottom

Mtchewwwwwwwww
🥱

The first time I read the chapter of the Bible that said
"JESUS Wept"
I didn't know that it was because of Nigeria 🙆🤔

well

"The Oshodi-style Economy"

Rather than addressing the actual problem, they simply adjust the criteria for identifying the symptoms.

For instance, if a body temperature of 30°C signals malaria, instead of treating the malaria, APC and Tinubu would raise the threshold for diagnosing malaria to 40°C.

Instead of tackling unemployment, they redefine employment metrics.

Instead of controlling inflation, they modify how inflation is measured.

Rebasing only makes sense when the root cause of the issue has been addressed.

Look at the fo0ls some Nigerians voted for

Who increased it at first?

PresidObi:
They are crazy.

Let's see them reduce fuel prices, reduce dollar prices and reduce corruption in government.

Sadist mentality

Lol... Urging them to reduce prices without addressing what is making then hike the prices is idiotic.

You can't stop a chain reaction from the middle.

More farmers are being senselessly maimed and killed with their farmlands being taken over yet nothing is being done.

Una go leave the main foundational issues dey chase shadows for media.

Bulaba govt telling a Town hall different about cassava agbado ewa

Fvck FG

Go out and arrest anyone with a profit margin of over 20%

Major producers needs to own retail outlets across the country, and enter into a franchise/partnership with major commercial retail outlets for ease of distribution.

These will help to reduce man made inflation, we know already that Nigerians are exploitative and terrible wicked to themselves as they've learned from the government, but the government can still do more to reduce the hyperinflation that majority of Nigerians are struggling with.

The traders alone are eligible thieves,the ones on my street are elephant thieves. Imagine selling a cube of Maggi for 60naira and a Congo of rice for 3200,when I can find it 2500 a Congo.every trader and retailer are huge thieves

Increased fuel price, increased nepa tariff, increased call and data, increased custom duties increased ATM and regular bank transactions charges, increased all forms of taxations, but want ordinary people to reduce prices of their own commodities....lol 😂

Reduce fuel price to ₦250 per litre and see the sharp drop in food price

Government increased price of PMS, light, gas, VAT, import duty. Now rent, transportation school fees and other things has gone up then same government is asking traders to reduce prices goods 😂. Weldon ant Tinubu

Reduce fuel money and Stop those taxes, then wait for the miracle

hmmm

Reduce fuel price to ₦250 per litre and see the sharp drop in food price
It will never be well for the people doing us

Should the traders sell at a loss or at a profit margin that barely sustains them? Does the government consider what the traders go through to purchase the goods or the cost of transportation of these goods? Why can't they urge customs to reduce import duties on goods especially consumables. Why not urge to cut down on the exorbitant taxes these companies have to pay? Why should the people at the very end of the supply chain have to be the ones to determine the costs of good? Makes absolutely no sense!

Racoon:


https://www.vanguardngr.com/2025/02/fg-urges-traders-to-reduce-food-prices/ nlfpmod

Interesting!
A govt that has increased the price of everything under its control (LPG, CNG, Petrol, Electricity, port fee, Licence Fees etc.) is asking traders to reduce prices! Incredible!!

Traders too should urge FG to curb wastages and theft.

God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

This the most stupid demand or statement I would ever hear from FG.
Are the traders getting the goods for free?
So they will by for N100 and sell N95.

God go punish destroyers of Nigeria economy.

Racoon:


https://www.vanguardngr.com/2025/02/fg-urges-traders-to-reduce-food-prices/ nlfpmod

Reduce food prices but you are increasing the electricity tariffs and call fees . Food Prices will only reduce when prices of fuel and general cost of living drops.

Yes there are exploitative prices but in a free market system, someone with conscience will first reduce and others will follow competitively