Oluwo urges Tinubu to constitute price control agency

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The Paramount Ruler of Iwoland, Oba Abdulrosheed Adewale Akanbi, has called on President Ahmed Tinubu to constitute a Price Control Agency (PCA) to checkmate greedy manufacturers and middlemen frustrating the prices of commodities in Nigeria.

He disclosed the need to defeat selfish producers and middlemen who are hampering economic prosperity through astronomical price increases for goods and services. He stated that the price control mechanism should be enforced by making items affordable.

Oluwo commended President Tinubu for his giant economic reforms, tasking him to extend the mechanism to the establishment of a price control agency to be saddled with the primary responsibility of monitoring and ensuring uniform, affordable prices.

In a statement in Osogbo on Tuesday, his spokeswoman, Mr Alli Ibraheem, condemned the astronomical increase in the price of goods, noting that most of them were artificially created by greedy manufacturers and middlemen.

“If this astronomical increase in the price of goods and services is not checked by a formidable agency to be empowered by the federal government, Nigerians may continue to bleed economically.”

“President Tinubu is a reformist. I’m optimistic about his economic reforms. I’m seeing a better Nigeria under this government. The economic reform should be extended to the constitution of a price control agency to defeat egocentric middlemen and producers. It may be painful, but there is light at the end of the tunnel.”

“The constitution of a Price Control Agency is a necessity to harmonise the prices of goods, prevent hoarding, and prevent consumers from buying at exorbitant amounts. The agency will further map out modalities for enforcing harmonious pricing and ensuring anyone culpable is punished.

“The enforcement has to be done by all and sundry. Such an agency has to be complemented by government functions and individuals. Similar achievements were recorded by the former head of state, General Murtala Muhammed. He inspected markets and ensured people complied.”

“A new hope is here. President Tinubu is laying the foundation for a better Nigeria. Let’s encourage him with pieces of advice and commendation where necessary. Nigerians will laugh last. The fluctuating dollar-to-naira exchange rate is depreciating. Only a capable leader does that. He will succeed,” he submitted.

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