Governor Abba Kabir Yusuf of Kano State has expressed concern over the increasing prices of essential commodities in his state and across Nigeria. He has vowed to personally inform President Bola Ahmed Tinubu about the plight of Nigerians in this regard.
In a statement issued by his media aide, Sanusi Bature Dawakin Tofa, Governor Yusuf expressed his concern over the hardship faced by many residents who are struggling to afford three meals a day due to persistent inflation. He attributed the high prices, in part, to monopolistic practices and called on the business community to prioritize ethical values and collaborate with the government to address the situation.
Despite the challenges posed by the rising dollar exchange rate, the governor believes that corrective measures can significantly alleviate the suffering in the land. To this end, he has ordered a comprehensive market survey to assess the true extent of inflation and is determined to find solutions through collaborative efforts.
Governor Yusuf has proposed the establishment of a high-powered Business Community Consultative Forum. This forum will bring together government officials and business leaders to discuss and combat monopolistic practices while also working to create a more conducive business environment. He has also proposed the implementation of a price regulatory mechanism to stabilize inflation and provide relief to the populace. Additionally, he outlined plans to introduce a more effective revenue generation system to meet constitutional requirements and prevent revenue leakages.
During an interactive session with the Kano Business Community, some business leaders attributed the inflation to various factors, including the high dollar exchange rate, rising production costs, unreliable power supply, and border closures. They urged the governor to seek intervention from the Federal Government to address these issues. Governor Yusuf, on his part, is committed to understanding the challenges faced by ordinary citizens and ensuring their well-being.