Ekiti Warns Against Price Gouging OF Commodities


Ekiti State government has warned that price gouging is an offense which is not only seen as a direct sabotage against government efforts at making life meaningful for its citizenry, the offense attracts a serious penalty in the State.

The Commissioner for Trade and Industries, Aare Muyiwa Olumilua, gave this warning during a meeting of the EXCO Market Pricing Committee, and representatives of the State Informal Sector at the Palace of Ewi of Ado-Ekiti.

The Committee which was set up by the Governor, Dr. Kayode Fayemi, and headed by the Deputy Governor, Otunba Bisi Egbeyemi, on the heels of the astronomical increase of prices of commodities and services across the State, has been working and consulting with various stakeholders in their efforts at normalizing these prices.

In his reaction, the Ewi of Ado, Oba Rufus Adejugbe appreciated the government's efforts, saying a leader with a good heart will go to any length to give his followers a good life. He added that the Ewi-in-Council was already making consultations with various heads of associations, to combat the scourge of price gouging in the State capital.

Aare Olumilua while urging heads of the NURTW, Road Transport Employers' Association of Nigeria, Okada Riders' Association, and market women to reduce prices of commodities, the Commissioner implored them to allow each business owner to determine their prices while also encouraging competition.

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