The National Association of Nigerian Students (NANS), a group representing students across the country, is calling on the government to create a Price Control Board.
This board would be responsible for regulating the prices of goods and services in order to address the issue of rising prices that is affecting the people of Nigeria.
NANS believes that establishing such a board would help to stabilize prices and make essential items more affordable for the citizens.
They argue that by implementing price controls, the government can protect consumers from exploitation and ensure that everyone has access to the basic necessities of life.
NANS is urging the government to take action swiftly to establish the Price Control Board and alleviate the burden of high prices on the people of Nigeria.
This board would manage prices and stop people from keeping goods to sell later. The president of NANS, Mr. Akinteye Afeez, talked about this in a statement to reporters in Lagos.
Afeez said that prices are going up a lot in Nigeria. He mentioned that the exchange rate going up is one reason, but he also asked why prices of things made in Nigeria are going up when the materials to make them are from Nigeria too.
He said it’s important for the government to make this Price Control Board quickly. He thinks it will show that the government cares about people and wants everyone to have a fair chance to do well.
He also said that without something to control prices, people can be charged too much for things they need, and some traders might take advantage of that.
The student leader thinks this board will help keep prices fair and make sure everyone can afford things they need, especially people who don’t have a lot of money.
He also thinks it will help businesses to compete better and make things cheaper for everyone.
He believes it will stop bad business practices like keeping goods to make prices higher.
Afeez said Nigerian students are ready to help the government make this board to make sure everyone can buy things they need at a fair price.
