Minimum Wage : Association cautions traders against hiking prices of commodities

By Mod   5 months ago   75
General - Top Stories

Katsina – Mr Ken Ukaoha, the president of National

Association of Nigeria Traders (NANTS), has cautioned

traders against commodities price increase due to

implementation of the minimum wage.

Minimum Wage

Ukoaha gave the advice at a one-day training workshop for

NANTS leadership on tracking commitment of political

actors to farmers and Traders Charter of demand on

Saturday in Katsina.

The legal practitioner said that it was unnecessary and

immoral for traders to increase their commodities price due

to minimum wage increase.

“Therefore, every trader must avoid the temptation of being

lured into such selfish act as a means of enrichment.

“Every trader must realise that hiking prices on one

commodity automatically raises prices of other ones,” he

said.

The president says no trader deals on all items of need and

once a trader raises the prices of his or her commodity,

others will jerk up the price of their commodities.

Ukoaha said that the farmers and traders had made

arrangements with the political actors in the country before

the 2019 General Elections.

“During the 2019 general election campaign, the politicians

and traders entered into an agreement.

“As the largest voting population in Nigeria, the association

will hold politicians accountable to good governance.

Buhari Should Sign The Electoral Amendment Bill

“We gather to possess the capacity to track this

commitment so that our efforts of voting politicians into

offices will not be in vain.”

Earlier, the Katsina State Coordinator of NANTS, Alhaji

Ibrahim Suleiman, urged members to be proactive towards

monitoring the agreements made with political actors (NAN)

[NewsNaira]



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Okay
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Better
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John Chika Ugbor
5 months ago
Well, it's good but I hope things won't be more expensive.
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USMAN CALEB OTIDI
5 months ago
Okay
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Terence Obi
5 months ago
OK cool. They better be cautioned
(Quote) (Likes)

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