Inflation: Kano Commodity Dealers Assure Nigerians of Price stability 

Salihu Ali, Kano

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The Association Dealers of essential commodities at the Singer International Market in Kano state, North West Nigeria has assured the people of the state and Nigerians of price stability in commodities especially as the Muslim fasting season (Ramadhan) is approaching.

 

The dealers gave the assurance in Kano after meeting with the Chairman of the Kano State Public Complaints and Anti-Corruption Commission(PCAC), Muhyi Magaji Rimingado.

 

Chairman of the Association, Alhaji Ibrahim Danyaro while briefing journalists said, they are at the commission to discuss the recent closure of more than 10 warehouses and to agree on price stability.

 

Danyaro said that, as part of the agreement reached during the meeting, they would halt the incessant increase of essential commodities to enable the people to access the goods at affordable rates.

 

We inform the commission that those commodities seen in our warehouses belong to companies we are only middle men.” 

 

He further stated that, they are selling those products not only to customers in Kano but nationwide and other African countries.

 

Danyaro said rising prices of commodities being recorded in the market “is not arbitrarily done by our members. This development is brought about by the manufacturing companies. And we suggested measures to address the situation at hand.

 

“One of them is for the commission to hold similar meeting with the manufacturers of these commodities to find out the reason for the price increase.

 

“We have expressed our resolve to cooperate with the commission to bring down prices of commodities to bring succour to the people. However, this, we can only do with the stocks we have at hand now. The prices for we sold our stock in the market is not up to the current company prices,”Danyaro said.

 

Also, the Chairman, Kano State Public Complaints and Anti-Corruption Commission(PCAC), Muhyi Magaji Rimin Gado commended the traders for their readiness to reduce prices of their commodities.

 

Rimingado promised to intimate Governor Abba Kabir Yusuf with the resolutions of the meeting with the traders, adding that he would hold similar meeting with company owners to see how they could beat down the soaring prices of goods.

 

The Associations’ assurance of price stability comes less than 24 hours after the commission’s operatives led by the Chairman sealed about 10 warehouses containing foodstuff at the Dawanau International Grains Market, as a measure to curtail hoarding and incessant rise in prices of foodstuff in Kano state.

 

 

 

 

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