Politics
Ekiti Traditional Leader Slashes Market Prices, Bans Traders’ Associations
Ekiti Traditional Leader Slashes Market Prices, Bans Traders’ Associations....KINDLY READ THE FULL STORY HERE▶
The Ewi of Ado Ekiti, Oba Rufus Adejugbe, has disbanded various traders’ associations in the markets of Ado Ekiti, the Ekiti State capital, with the goal of curbing their undue influence on prices and allowing farmers direct access to traders……CONTINUE READING
Oba Adejugbe also instructed market traders to adhere to set price limits for food items, emphasizing that these measures were necessary to control the rising cost of foodstuffs in the state capital.
During a meeting with the leadership and some members of the market women association on Monday, the monarch, alongside the Ewi-in-Council, issued a stern warning that anyone who disobeys these directives would face sanctions.
The Ewi-in-Council expressed concern over reports of exploitative practices by traders, which have led to inflated food prices. The new directives are intended to address and rectify this issue.
The Council specified that from now on, “vegetables should not be sold for more than N50; pepper for N100; garri for N700; and a kilogram of meat should be reduced to N4,500.”
Oba Adejugbe stated, “It has been reported that traders, operating under these associations, use middlemen to artificially inflate the prices of essential goods such as tomatoes, pepper, vegetables, palm oil, locust beans, meat, and garri by dictating prices to the farmers who bring these products to the markets.”
He added, “These actions are being taken to ease the burden on the residents of our town. I instruct the market leaders to implement these directives immediately. Our chiefs will continue to monitor the markets to ensure full compliance and will penalize any violators
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