A chieftain of the All Progressives Congress, APC, Abayomi Nurain Mumuni has advised the federal government to make policies to ensure price control on essential goods and services across the country. Mumuni noted that this is necessary to curb the incessant increment of prices of goods and services by providers.
The APC chieftain made the call in a statement signed by his Media Aide, Rasheed Abubakar and made available to DAILY POST on Tuesday. Mumuni said the federal government must put certain measures in place to prevent further inflation in the country, urging the federal government to encourage the production of goods that are typically imported.
This could include providing support for sectors like agriculture, manufacturing, and technology. 'Enhancing agricultural productivity through research, subsidies for farmers, and improved access to markets can help stabilize food prices, which are a major component of inflation. 'In some cases, the government may consider temporary price controls on essential goods to prevent excessive price hikes. However, this should be done cautiously to avoid market distortions and shortages.
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