Yuletide: Traders group advises members against price hike


Abuja, Dec 24, 2020 The Market Traders Association of Nigeria (MATAN) has urged members against increasing prices of food stuffs and other commodities following high demand during the Yuletide season.

MATAN President, Alhaji Jamilu Abbas, gave the advice in a statement in Abuja on Thursday.

Abbas noted that it had been a tradition for some traders to hike the prices of goods, especially food items due to increase in demand of such commodities during the festive season.

He urged traders across the country to have fear of God and sell based on what they purchased not due to high demand of goods and services hence taking advantage of unsuspected citizens.

“There is never a good time to exploit but with the economic recession being experienced in the country, it will be bad if any trader will hike prices of commodities this time.

“This advice is necessary because the world and indeed the country are facing serious economic challenge arising from COVID-19 pandemic.

“I am only appealing to my members to understand this situation and not to think of high profit at the detriment of their brothers and sisters who are also the buyers,” he said.

He, however, urged his members to comply with the necessary COVID-19 protocols to prevent spread in view of the second wave of the pandemic.

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