Minimum Wage : Association cautions traders against hiking prices of commodities
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.
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
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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