• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Monday, May 4, 2026
No Result
View All Result
NewsNet Nigeria
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos
NewsNet Nigeria
No Result
View All Result
Home Economy

Akeredolu bans unions, associations over incessant increases in prices of goods, services

by NewsNet Nigeria
5 years ago
in Economy
Akeredolu bans unions, associations over incessant increases in prices of goods, services

Governor Oluwarotimi Akeredolu

Share on FacebookShare on TwitterShare on LinkedinShare on Whatsapp

Ondo State Governor, Oluwarotimi Akeredolu, has intervened to protect residents of the state from the soaring costs and incessant increases in prices of goods and services by artisans including farm produce and food items.

The Governor in a statement by the state Commissioner for Information and Orientation, Donald Ojogo, barred all Trading Unions and Associations under the umbrella of Ondo State United Artisan Group, from fixing and enforcing uniform prices of goods and services being sold/rendered by their members and non-members.

Akeredolu in the statement said the decision was taken in the overall socio-economic interest of the people of the State.

Read the full statement below:

“Government had before now, watched with discomfort and dismay, the economic suffocation of the people with unimaginable increases in prices of goods and services in markets, shops and other sales outlets across the state.

“Even without due regard for market forces, it is obvious that associations and unions are largely behind this unwholesome act.

“The state government has decided to act decisively even as the public deserves protection from this undesirable exploitation under some guises.

“Therefore, fixing market prices and imposing fixed exorbitant prices on the people under the guise of association or union must be stopped forthwith.

“Accordingly, as part of the measures, Individuals, Artisans, Traders and providers of services as well as farmers are henceforth allowed to operate, sell their produce and render any service in any part of the state as they may deem profitable, based on the principle of demand and supply and prevailing market forces. This is just as membership of associations and unions remains voluntary as provided for in the constitution of the Federal Republic of Nigeria, as amended.

“Consequently, Government’s right to regulate the activities of Trading Associations and Artisan groups has to be invoked in the interest of residents. Therefore, on no account should any Union/Association fix or enforce prices of goods and services.

“Similarly, there shall be no sale of tickets to Artisans/Traders by any Association/Union without due approval of the state Government through the Internal Revenue Service”.

“All concerned are, therefore, advised to adhere strictly to this directive as any person or group found to be flouting it will be made to face the full weight of the extant laws.

“It is to be noted too that this directive takes effect from TODAY in all markets and sales outlets across the 18 LGAs of the state”.

Previous Post

​NNPC Consolidates on Gains, Publishes 2020 Audited Financial Statements

Next Post

‘Majority of those involved in this banditry are Fulani’ – Gov Masari

MORE NEWS

EFCC Warns Fintech CEOs: One Bad Transaction Can Ruin Your Brand
Economy

EFCC Warns Fintech CEOs: One Bad Transaction Can Ruin Your Brand

May 2, 2026
Naira Under Pressure as Forex Volatility Persists
Economy

Naira Under Pressure as Forex Volatility Persists

May 2, 2026
Tinubu Declares Poverty, Insecurity National Emergencies at Workers’ Day
Economy

Tinubu Declares Poverty, Insecurity National Emergencies at Workers’ Day

May 2, 2026
Workers Are Delta’s Engine Room, Oborevwori Declares at May Day Rally
Celebration

Workers Are Delta’s Engine Room, Oborevwori Declares at May Day Rally

May 2, 2026
Next Post
‘Majority of those involved in this banditry are Fulani’ – Gov Masari

'Majority of those involved in this banditry are Fulani' - Gov Masari

Leave Comment

RECENT STORIES

Warri South Constituency 1 APC Leaders Back Uroye’s Re-Election Bid After Key Consultation

Warri South Constituency 1 APC Leaders Back Uroye’s Re-Election Bid After Key Consultation

May 4, 2026
Governor Oborevwori Praises Esther Ahon’s Remarkable Journey at 100

Governor Oborevwori Praises Esther Ahon’s Remarkable Journey at 100

May 3, 2026
Izeze Fires Back at Omo-Agege’s Aide, Lists N80bn Projects in Ndokwa, Ukwuani

Izeze Fires Back at Omo-Agege’s Aide, Lists N80bn Projects in Ndokwa, Ukwuani

May 2, 2026
DOPF Sets Stage for World Press Freedom Day in Asaba, Spotlights Journalism for Peace

DOPF Sets Stage for World Press Freedom Day in Asaba, Spotlights Journalism for Peace

May 2, 2026
Arsenal, Man City Set for Dramatic Premier League Finish

Arsenal, Man City Set for Dramatic Premier League Finish

May 2, 2026

TRENDING STORIES

  • DELSU Fires Female Staff Over Extortion as Asagba Vows Crackdown on Sharp Practices Ahead of Convocation

    DELSU Fires Female Staff Over Extortion as Asagba Vows Crackdown on Sharp Practices Ahead of Convocation

    0 shares
    Share 0 Tweet 0
  • Izeze Fires Back at Omo-Agege’s Aide, Lists N80bn Projects in Ndokwa, Ukwuani

    0 shares
    Share 0 Tweet 0
  • Senator Dafinone to Police: Bring Killer Officer to Justice Over Ogidi’s Death

    0 shares
    Share 0 Tweet 0
  • Emerhor Steps Aside for Dafinone in Major Delta Central APC Unity Move

    0 shares
    Share 0 Tweet 0
  • 2027: Ukuyoma Declares for Uvwie Assembly Seat, Promises Fresh Ideas, True Representation

    0 shares
    Share 0 Tweet 0
  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.

No Result
View All Result
  • Home
  • News
    • Local News
    • National
  • Politics
  • Economy
    • Oil and Gas
  • Crime
  • Education
  • Health
  • Entertainment
    • Lifestyle
  • Sports
  • MORE
    • Interview
    • Editorial
    • Opinion
    • Columns
    • Science & Tech
    • Videos

NEWSNET NIGERIA Published By: Morex Consult Limited - Since 2020.