Traders of essential commodities in Kano State have announced their decision to reduce prices following a meeting with the Chairman of the Kano State Public Complaints and Anti-Corruption Commission. This resolution comes after the commission confiscated 10 warehouses containing hoarded assorted foodstuffs in the state. The commodities in the seized warehouses included spaghetti, rice, pasta, sugar, and other food items.
The traders, represented by Chairman Ibrahim Danyaro, clarified that they were currently selling their commodities in the market at prices lower than those set by the companies. Danyaro stated that the decision to reduce prices was in response to public outcry over the soaring prices of essential commodities and the high cost of living in the country.
The market leaders also expressed their commitment to assisting the anti-corruption commission in identifying and addressing issues related to arbitrary price increases and hoarding. Danyaro emphasized that the rising prices were not set by the traders but were influenced by the manufacturers. The traders proposed holding similar meetings with the manufacturers to understand the factors contributing to price inflation.
Hamisu Rabi’u, another market leader, assured residents that they would maintain the old prices of existing stocks, resisting the current trend of skyrocketing prices in various markets across the state. Rabi’u explained that despite the increased prices set by companies, the traders would run at a loss to avoid burdening the people with additional difficulties. The commitment to cooperating with the anti-corruption commission aims to alleviate the economic challenges faced by the public.
