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Home Big Story

Kano Traders deny hoarding foodstuffs, vow to keep prices fair

by Editor
February 14, 2024
in Big Story, Economy, News
Reading Time: 1 min read
0
Drop in food prices not feasible now – Analysts
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By Faridat Salifu

In response to accusations of hoarding essential goods and commodities, traders at Singer Market in Kano have strongly denied any wrongdoing and reaffirmed their commitment to transparency and fair pricing.

The traders, led by Ibrahim Danyaro, met with the officials of the Kano Public Complaint and Anti-Corruption Commission (PCACC) at their office to clear their names and show their compliance with ethical business practices.

During the fruitful meeting, Danyaro stressed, “We operate with integrity, as evidenced by our meticulous record-keeping and competitive pricing. Our focus is on providing value to consumers, sourcing directly from manufacturers to offer unbeatable prices within the state.”

Similarly, businessman Hamisu Rabiu expressed the traders’ resolve to maintain affordable prices, especially as the fasting period approaches.

He assured, “We are not the cause of price hikes and are actively working to maintain stability in our pricing structure. We stand united in ensuring accessibility to essential goods during this critical period.”

Meanwhile, Chairman Muhuyi Magaji Rimin Gado reiterated the Commission’s trust in the traders’ adherence to regulations, highlighting the difference between the targeted warehouses and the Singer market.

He said, “We have confidence in the traders’ cooperation and commitment to fighting hoarding practices. Our joint efforts aim to protect consumers and uphold the integrity of the market.”

As the Commission steps up its efforts to identify and sanction those involved in hoarding, Gado urged public support in reporting any suspicious activities.

The shared determination of traders and regulatory authorities reflects a united front in promoting transparency and accountability within the marketplace.

 

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