Traders in major food markets in the country have blamed insecurity and fuel subsidy removal for the rising food prices in the country, according to a survey conducted by the Federal Competition and Consumer Protection Commission. The FCCPC noted that it had been conducting fact-finding interactions with traders’ associations and marketers to ascertain factors responsible for the continuous hike in food prices. There are many reasons attached to the constant hike in the prices of food commodities,” she asserted. That is the only way to tackle the constant hike in food items,” he averred. “Most of the goods witnessing a constant hike in prices are due to insecurity.

Source: Punch May 30, 2024 22:20 UTC