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Federal Government To Sanction Trade Associations Over Food Price Hike

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The Federal Government, through The Federal Competition and Consumer Protection Commission, will start enforcing penalties against trade association members that engage in anti-competitive behavior as well as arbitrary and unjustified price increases for food.

This was said on Tuesday by Babatunde Irukera, the FCCPC’s chief executive officer, at a session the commission held to talk about equitable food prices.

The forum was titled ‘Fair food prices in Nigeria: A high-level forum for better competition’.

He said, “We will continue to monitor the market, and where we find that prices are excessive or find exploitative conduct, or find that consumers are being taken advantage of, we will intervene. One of the ways of intervening is unlocking the bottlenecks.

“That is what I just said, associations that come together to determine at what price beans should be sold, associations that come together to decide that nobody in a particular market should take yam, beans or rice from any other person except their members, we will proceed against them.”

According to Irukera, some trade unions had constituted cartels to engage in anti-competitive practices that have led to price gouging of basic food items.

He noted that taking a hard line against indiscriminate food price hikes had become imperative in light of the president’s declaration of food security as a national emergency last week.

Irukera said, “Competition regulation and consumer protection is not only to regulate the big companies. It is not only to regulate the formal sector. It is also to regulate the informal sector. In a place like Nigeria, it is even more critical to find a strategy to regulate the informal sector because at the end of the day the vast majority of our economy is informal.

BIG STORY

Seasoned Business Professional Toke Ola-Akinpelu Feeds Over 500 People In Need Through “14 Hour Initiative” Food Outreach [VIDEOS]

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In a remarkable display of compassion and commitment to giving back, seasoned business professional Toke Ola-Akinpelu spearheaded a successful food outreach program dubbed the “14 Hour Initiative.” The initiative, held on March 2nd, 2024, provided meals to over 500 individuals facing food insecurity.

While Toke Ola-Akinpelu is well-respected in the professional world for her expertise in client relations and retention across various industries – banking, consulting, and now information technology – her dedication extends far beyond the boardroom. Recognizing the need within her community, she took the initiative to organize the “14 Hour Initiative” food outreach program.

The day-long event saw tireless efforts from Ms. Ola-Akinpelu and her team, who worked diligently for 14 hours to ensure access to nutritious meals for those in need. Through this initiative, over 500 individuals received nourishing food, offering a critical lifeline during challenging times.

  • About Toke Ola-Akinpelu

Toke Ola-Akinpelu is a seasoned professional with a strong track record in client relations and retention. Throughout her career, she has championed the importance of excellent service experiences and client satisfaction across diverse industries. Her commitment extends beyond the professional realm, as demonstrated by her leadership in the “14 Hour Initiative” food outreach program.

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BIG STORY

Ondo State Cabinet: Group Congratulates Governor Lucky Ayedatiwa

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The Grassroots Democratic Innitiatives congratulate the Gov of Ondo state on the quality of members of his newly inaugurated cabinet.

In a Commuinque signed by Comrade Razaq Oladosu, Buska,the Executive Director of the Pro Democray group.

The Group reiterated their trust and belief in the capacity of majority member of the newly formed cabinet to deliver real dividend of democracy to the people of the Sunshine State.

In the Communiques, Dr Kayode Ajulo, the Attorney General was recognized as an embodiment of principle,integrity and love for humanity, a man that is worthy of the trust deserving of that office,whose track record is very impressive and speaks for themselves .

They further Congratulate the Gov Lucky Ayedatiwa for his choice of Comrade Gany Mohammed Ajowa,as a Special Adviser.

Comrade Gany Mohammed Ajowa is one of the footsoldiers of pro democracy movement,and Advocate of progressive and people oriented governance, from his days in the student union movement (NANS),A founding memember of the Committee for the Defence of Human right (CDHR)all through as a Cadre of the National Democratic Coalition,(NADECO,)and a one of the most consistent voice of reason the the labour movement, his record of dedication and commitment is an assurance of what he will represent in the new dispensation.

Comrade Gany Mohammed Ajowa as a bridge builder is an assured asset to the government.

The group further reiterated their commitment and support for the Government of Gov. Lucky Ayedatiwa to deliver on the renewed hope agenda of this Government and our great party.

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Lagos Gives 4-Day Relocation Notice To Squatters On Lagos Coastal Road, Lekki

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The Lagos State Government on Sunday served a four-day notice of displacement to all squatters occupying unlawful shanties near the Lagos coastal route in the Mayegun, Lekki region of Lagos, in response to the indiscriminate emergence of shanties and illegal buildings.

Speaking with newsmen after an inspection tour to Jakande, Elegushi itedo, System 156 and 44 on Orchid Road, HC MOE&WR, Tokunbo Wahab said all such illegal shanties and squatters, close to Regional Road Alignment must vacate the area by Thursday afternoon. He warned that failure to move would invite enforcement operatives from the early hours of Friday morning as all the properties have been served mandatory notices.

The commissioner was accompanied by the SA Environment, Kunle Rotimi-Akodu, PS Drainage Services, Engr Mahmood Adegbite, PS, Environmental Services, Gaji Omobolaji Tajudeen,  Chairman of  Task Force on Special Offences, CSP Sola Jejeloye. The team which also included heads of Agencies inspected System 157 (Orchid Road), System 44 (Lekki to Ikota), Mayegun Area (Jakande), Regional Road Alignment, Dodan Barracks and Obalende and Ilubirin.

Wahab stated that the tour is to ensure that the coastal alignment of the affected areas is secured and illegal settlements along the corridors removed. He added that by next week the spots will be cleared with the Lagos State Building Control  Agency (LABCA) involved in the proper regeneration of the axis.

“The government has cleared  Ijora and Obalende underbridge, Obalende, Apongbon underbridge, and Agege Red rail line amongst others. I would like to say that most of the cleaned places were notorious for harbouring criminals and were threats to residents” he said.

He said the team would also visit Aboru, Command, Abule-Egba to inspect ongoing work in the areas, stressing that the enforcement drive is a state-wide exercise. The Commissioner said enforcement would commence this week on System 157 (Orchid Road) to open the 40 metres drainage adding that this became necessary as people have built on the canal path and narrowed the primary channel thereby causing flooding in the area.

He said the government convened several stakeholder meetings with property owners and the affected residents who were served contravention notices in the last quarter of 2023 adding that since then, they have not seen commitment from the affected community members.

The team also visited  Ilubirin to ascertain the level of the ongoing project to install an underground tank to deflood Lagos Island awarded 3 years ago, with a confirmation from the contractor that the project will be delivered in 90 days. Ilubirin is strategic because the government is set to regenerate Isale Eko and environs and to do that,  there is a need to get the outflow of water through the Ilubirin path” he said.

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