In a bold and visionary decision, Governor Monday Okpebholo has taken a stand against the rampant price hikes affecting the everyday lives of citizens by banning market and food items associations that contributed to economic distress of the people. This move is not just a response to the frustrations expressed by the people, but it is a forward thinking strategy aimed at promoting fairness, transparency and stability of prices within markets in the state.
Over the past years, residents of Edo State have witnessed a troubling trend, where prices of essential goods and commodities sower high. This price surge was often caused by the over bearing influence of powerful market associations which placed much financial burden on families with breadwinners striving to make ends meet. The cost of food, household items and other essential commodities have skyrocketed, making it rather difficult for the low and middle income earners to afford basic livelihoods.
By placing a ban on market Associations, Governor Okpebholo is not only addressing an immediate economic issue, but also breaking the cycle of exploitation that has long affected consumers. It cqme to the notice of government that many market associations engaged in unfair price fixing and collusion thereby driving up costs and squeezing earned profits out of the hands of ordinary traders.
This bold step taken by Governor Okpebholo will promote a competitive market and free bargaining, where prices could be determined by market forces of demand and supply, rather than the monopolistic tendencies of some shylock market association operators who had taken advantage of the poor governance in place before now.
It’s instructive to note that the Governor‘s action signals a significant commitment to check the activities of these market associations, thereby creating a free market environment that will encourage producers and traders to freely come to the market with different goods and commodities to sell at a prices determined by the owner of the goods and not market associations.
That explains why the ban of market associations by Governor Monday Okpebholo was received with joy, excitement and satisfaction by the people. Therefore, it must be enforced and sustained. Towards that, government should engage all stakeholders in a constructive dialogue that could come up with a sustainable legal framework for its regulations. This collaborative approach will help build trust and foster a sense of purpose and commitment to the ban.
The ban on market associations represents a shift towards greater economic prosperity, justice and accountability. It is a call for action to ensure a future where every citizen can freely access goods and commodities they need without unnecessary price strain.
Finally, citizens must support this move that champions a more equitable economy for all.
