Thursday, 19 May 2016

Ex-VC wants FG to reintroduce price control systems


Former Vice-Chancellor wants FG to reintroduce price control systems
A don, Prof. Shehu Riskuwa, on Thursday urged the Federal Government to reintroduce price control systems to check the cases of arbitrary increase in prices of essential commodities in the markets.
Riskuwa, former Vice Chancellor of Usman Danfodio University Sokoto, made the appeal in an interview with the News Agency of Nigeria (NAN) in Sokoto.
He said increase in prices of food items by traders at their own will had a negative effect on the nation’s economy.
The don said the system, if re-introduced, would regulate the prices of essential commodities, adding that proper monitoring of traders would ensure price control of goods in the markets.

The former vice-chancellor stressed that it was only by doing so that the activities of traders, who took advantage of any change in Federal Government policy, could be checked. (NAN)

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