Friday, July 17, 2026

Tinubu should do more food prices are still high: Accord Party

“The federal government has to look more into and resolve these other contributory factors to create respite and a reversal of rising prices…,” Accord Party said.

• April 10, 2024
Food items
Food items used to illustrate the story

The Accord Party has called on President Bola Tinubu’s government to intensify efforts to stabilise the country’s commodities prices.

The party’s Lagos chair, Dele Oladeji, made the call in an interview on Wednesday in Lagos.

Mr Oladeji said Nigerians were seriously anticipating the reversal of rising prices of consumer goods and food items in the country.

He called on the government to investigate all contributory factors to inflation and intensify efforts to stabilise commodity prices.

“To crash the prices of consumer goods and food items, the plethora of high import duties, levies, and fees at the port, road, and markets have to be revisited, reviewed, slashed, or removed. Many Nigerians have always wondered why the price of goods is not reducing to reflect the crash in the dollar rate against the naira.

“The reason is that the dollar rate is just one of the several factors that affect trade and production, without a slash in or removal where necessary, of persisting high import duties on production materials and machinery.

“With the high levies and fees from local governments on goods in transit, warehouses, and those in markets, prices of consumer goods will remain high and continue to rise, in reaction to these plethora high fees and levies,” Mr Oladeji said.

According to him, a cursory tax holiday and rebate to some manufacturers only enrich the hyper-rich industrialists and have zero impact on the general populace.

“Such tax rebates and tax holidays should come with a conditional agreement to subsidise prices of the produce.

“The federal government has to look more into and resolve these other contributory factors to create respite and a reversal of rising prices in consumer goods and food items,” he said. 

(NAN)

We have recently deactivated our website's comment provider in favour of other channels of distribution and commentary. We encourage you to join the conversation on our stories via our Facebook, Twitter and other social media pages.

More from Peoples Gazette

farmers

Agriculture

FG tasks ECOWAS on leveraging financing strategies for agroecology

The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices

Katsina State

Politics

Katsina youths pledge to deliver over 2 million votes to Atiku

“Katsina State is Atiku’s political base because it is his second home.”

TD Bank building

Anti-Corruption

TD Bank insiders facilitating money laundering, fraud jailed 70 months

During the money-laundering scheme, 1,680 official bank checks were processed at TD Bank, totalling more than $92 million.

cassava farmer

States

Ogun, IFAD distribute agricultural inputs to 2,740 cassava farmers

The distribution was done under the Special Agro-Industrial Processing Zones (SAPZ) programme of the Federal Ministry of Agriculture and Food Security.

Jumoke Oduwole

Africa

FG pushes free movement to boost trade in Africa

The minister said easier movement of people, goods and investments remained crucial to unlocking opportunities under the AfCFTA.

FRSC

NationWide

FRSC inaugurates special enforcement to reduce crashes

The exercise, approved by the RS6 zonal command, will run from July 20 to July 22 in Rivers, Cross River, Akwa Ibom and Bayelsa states.

NDLEA

NationWide

NDLEA declares suspected drug kingpin, three accomplices wanted, freezes N9.8 billion

The suspects, Nnamuka Uchenna, Emmanuella Iroka, Nnamuka Ifeanyi and Ekechi Chijioke, are also wanted for alleged drug production and money laundering linked to the illicit operation.

Caleb Mutfwang

Health

Plateau sets 2027 agenda for improved healthcare delivery

The Plateau government says it will prioritise primary healthcare, health workforce development and improved access to quality healthcare in 2027.