“It is wrong to say that people should sell at certain prices, most times for profiteering.
”Everyone should be allowed to decide what price to sell his goods and the price has to be fair. We will not allow that. Any association found doing such will be sanctioned and reported to the appropriate authorities,” she said. Also speaking, the Iyaloja of Ikorodu market, Alhaja Taofikat Allyson, said prices should be determined by the forces of demand and supply as well as the cost of buying goods.
“Nobody can or should fix prices of any commodity in the market; the prices of goods should be based on the amount you buy at the main market. “No association has the right to fix prices. We understand associations such as that of pepper grinders ask members not to go below certain prices to ensure all members get patronage. If the prices are fair, it is okay. But arbitrary pricing? No,” she told NAN.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.
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