AP chieftain to Nigerian govt:
All Progressives Congress (APC) chieftain Abayomi Nurain Mumuni has urged the Nigerian government to implement price control policies to curb inflation. He emphasized the need for measures to prevent providers from hiking prices of essential goods and services.
Mumuni suggested strategies to address inflation, including:
Investing in infrastructure to reduce production costs
Encouraging local production of imported goods
Supporting agriculture, manufacturing, and technology sectors
Implementing temporary price controls on essential goods
Regulating prices to protect consumers
Stabilizing the naira through foreign exchange market intervention
Establishing trade agreements to facilitate access to goods
He stressed the importance of controlling public expenditure and targeting productivity-enhancing projects.
Key points:
- APC chieftain calls for price control policies to curb inflation
- Suggests infrastructure investment and trade agreements
- Emphasizes need for controlled public expenditure
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