FG Issues One-Month Ultimatum To Traders To Crash Prices

 

By Joshua Omoniyi 

The Federal Government has issued a one-month ultimatum to traders and market unions to crash prices of food items and other essential commodities in the country.

This directive was given by the Minister of Labour and Employment, Dr. Chris Ngige, after a meeting with the leadership of the Nigeria Labour Congress (NLC) and other stakeholders in Abuja.

According to the Minister, the government has resolved to take decisive action to address the rising cost of living in the country, which has become a source of concern for many Nigerians.

"The Federal Government has decided to take concrete steps to address the high cost of food items and other essential commodities in the country," Ngige said. "We have given traders and market unions a one-month ultimatum to crash prices or face the consequences."

The Minister warned that if the prices of food items and other essential commodities do not come down within the next one month, the government would be forced to take drastic measures, including the imposition of price controls and other regulatory measures.

"We are not going to fold our arms and watch as Nigerians suffer due to the high cost of living," Ngige said. "We will do everything possible to ensure that prices come down and that Nigerians can afford the basic necessities of life."

The NLC President, Ayuba Wabba, commended the government for taking decisive action to address the rising cost of living in the country.

"We welcome the government's decision to take concrete steps to address the high cost of living in the country," Wabba said. "We will work with the government to ensure that prices come down and that Nigerians can afford the basic necessities of life."

The FG's ultimatum to traders and market unions has been hailed by many Nigerians, who have been struggling to cope with the high cost of living in the country.

"This is a welcome development," said Mrs. Nkechi, a housewife. "I hope the traders and market unions will comply with the government's directive and crash prices."

However, some traders have expressed concerns about the government's ultimatum, saying that it may not be feasible to crash prices within the given timeframe.

"We understand the government's concerns about the high cost of living, but we cannot crash prices overnight," said Mr. Chukwuma, a trader. "We need time to adjust to the new market realities."

The FG's ultimatum to traders and market unions is seen as a bold move to address the rising cost of living in the country. It remains to be seen whether the traders and market unions will comply with the government's directive and crash prices.