Prices of essential commodities like rice, flour, milk, beans and spaghetti have crashed by over 40 percent in Kano, following the Federal Government’s intervention.
The Chairman, Singer Market, Barrister Junaidu Zakari made the disclosure while speaking to newsmen on Monday evening.
Read also: Kano Govt. To Verify 10,800 Civil Servants Employed By Ganduje
He explained that the Government window opportunity it gave importers to bring in some essential commodities like rice, cooking oil and even spaghetti forced the prices of commodities to crash down in Kano.
“There is no gainsaying that the credit truly must go to the Federal Government and indeed our marketers who adhered to the Government policy of importing the stipulated essentially commodities making them available and resulting in the over 40% crashes of their prices.
Zakari noted that the removal of duties on about 43 items and the subsequent supplies of rice that was sold at N40,000 helped the marketers in flooding their markets and also making the home prices of the commodities to be reduced.
He said rice that was sold at about N120,000 now crashed to less than N80,000, spaghetti that was sold at N20,000 is now selling at N14,000 to N13,500 at markets.
Read also: Borno Govt. Relaxes Curfew For Juma’at Prayers
“Even flour that was sold at N90,000 now is selling in the markets at about N70,000 to N65,000 while oil 50kg that was sold at almost a N100,000 is now selling at N70,000 while flour is now less than N70,000”.
He said the problem they have is with sugar whose prices refused to come down but they are talking to the producers of Dangote and BUA who are the major suppliers of the products.
Barrister Zakari also accused Master Bakers for refusing to reduced the Prices of bread despite the fact that flour price has been greatly reduced in all the markets of Kano.
“We have an association which engaged the Chairman of the Master Bakers but he told us that they can’t do otherwise because their association has only 20% of Bread Sellers while 80% are not their Members so they can’t control them”.
Similarly, some of the bread sellers earlier alleged that the companies selling flour have reduced their Kgs, something the Singer Market denied explaining that with the Standard Organization and Consumer Protection Council Companies like Dangote and BUA can’t be behind reduction of Kgs of any bags.
Read also: Naira swap: Group Sets Up Committee To Investigate Death Of Kano Pregnant Woman
Barrister Zakari commended Federal and Kano State Governments for ensuring that the prices of the essential commodities have been greatly reduced, urging them to sustain the tempo to allow Nigerians continue to enjoy the benefits of their concerns.
He said, “Tension among Nigerians truly begins to come down, the fear of hunger and starvation has started to greatly subsided, Government should maintain this policy because it is working”, the chairman said.
