Nigeria’s program of price control and combating monopolization has contributed to an increase in the quantities of agricultural products in the various wholesale markets during the first half of November.
During a press briefing on the program, Director of the National Observatory of Supply and Prices Ramzi Trabelsi said that the average wholesale price of vegetables has dropped by 14% to 36%. Wholesale and retail fruit prices also fell by 1% to 11%, he added.
According to Houssemdine Touiti, Director of Economic Investigations and Competition, the Ministry’s economic control services have identified 9,229 offences relating to monopolization and price violations, and 3,692 offences relating to non-compliance with transparency requirements.
Touiti said that 1,806 tons of vegetables, 1.6 million eggs and 21 litres of subsidised oil were seized, in addition to 8.4 tons of white and red meat and 727 tons of food products. He stressed that this program will continue during the next period and will be extended to other consumer products.