Addressing The Economic Strain: A Call For Price Control Measures

Addressing the Economic Strain: A Call For Price Control Measures
Addressing the Economic Strain: A Call For Price Control Measures

As a concerned Nigerian student witnessing the relentless surge in prices of goods and services across our nation, I am compelled to voice our collective frustration and urge for immediate action to alleviate this burden on the populace.

The recent escalation in prices has sent shockwaves through communities, exacerbating the financial strain already faced by many. What troubles us most is the apparent disconnect between the fluctuating exchange rates and the unyielding rise in local commodity prices. How is it that despite a decrease in the exchange rate, the prices of goods produced domestically continue to soar?

This disconcerting reality points to a deeper issue: a lack of oversight in regulating prices within our local markets. It is evident that without proper mechanisms in place to control prices, consumers are left vulnerable to exploitation by unscrupulous traders, and the most vulnerable among us bear the brunt of these injustices.

As concerned Nigerian students, we are not merely bystanders in this predicament; we are advocates for change. We fervently call upon the government to establish a Price Control Board tasked with the responsibility of regulating prices, preventing hoarding of goods, and shielding consumers from exorbitant prices. Such a board would serve as a beacon of hope, ensuring fairness and transparency in our marketplace and fostering an environment where every Nigerian can afford the basic necessities of life.

The implementation of price control measures is not just a matter of economic policy; it is a moral imperative. We cannot stand idly by while our fellow citizens suffer under the weight of inflated prices and economic uncertainty. By taking decisive action to establish a Price Control Board, the government can demonstrate its commitment to the welfare of its citizens and pave the way for a more just and equitable society.

But let us not forget the role we all play in shaping our economic reality. As individuals and members of the business community, we must uphold ethical standards and refrain from engaging in practices that exacerbate the plight of our fellow Nigerians. Only through collective responsibility and a shared commitment to fairness can we truly address the root causes of our economic challenges.

In closing, let us heed the call for change and stand together in solidarity as we demand a fairer and more prosperous future for all Nigerians. The time for action is now, and as concerned Nigerian students, we stand ready to lend our voices and support to this crucial cause.

By Comrade Adejuwon Olatunji Emmanuel
Immediate Past Coordinator of NANS Southwest and the Current Media personnel to the NANS national Senate President.