The Edo State Government has suspended all market unions and associations following reports of exploitative practices contributing to escalating food prices and economic hardship.
Announcing the decision on November 19, 2024, Secretary to the State Government, Umar Musa Ikhilor, stated that the suspension was approved by Governor Monday Okpebholo. The move comes after allegations that union executives prevented farmers from selling directly to consumers and arbitrarily fixed staple food prices.
“The activities of market unions have significantly impacted food costs, disproportionately affecting low-income earners,” the government said, describing the actions as detrimental to the state’s economy and citizens.
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Security agencies to enforce compliance
To ensure adherence, Governor Okpebholo directed security agencies to monitor market activities and apprehend union leaders defying the suspension. The government emphasized that market traders play a vital role in the economy but stressed that their contributions cannot excuse exploitative behavior.
Restoring fairness and protecting consumers
The administration described the suspension as a step toward addressing food price inflation and ensuring fairness in market operations. It reaffirmed its commitment to fostering an economic environment that benefits all stakeholders while safeguarding the welfare of residents.
This action underscores Edo State’s stance against practices that destabilize the economy and exacerbate food insecurity.
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