• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Wednesday, April 15, 2026
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Zulum meets marketers over inflation

Inflation

The Matters Press by The Matters Press
February 15, 2024
Reading Time: 2 mins read
0
NBS reports increase in Inflation

Maiduguri, Feb. 15, 2024: Governor Babagana Zulum of Borno on Wednesday summoned an emergency meeting with representatives of marketers in Borno over raising costs of food and other items.

RELATED POSTS

TMSG to ADC: You are a motley crew of power mongers, palace jesters

NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity

Why Nigeria must use oil windfall to build a more resilient economy – IMPI

Marketers who spoke at the meeting, explained to the governor how they too were battling to be in business due to the development worsened by removal of fuel subsidy and daily raise in Dollar exchange rate.

Abba Ibrahim, a dealer in sugar and flour, said just before the meeting there was a N5,000 increase in the price of a bag of flour.

“Whatever you sell, if you place a fresh order for the commodity there will be a new increase in price from the company.

“Many vehicles were not even interested in coming to Maiduguri, another issue that further compounded the situation, ” Ibrahim said.

Zulum, who lamented over the development, urged them to do business with the fear of God, adding that there would be more engagement with them to see how all stakeholders would make some sacrifice to address the situation.

The governor also directed the state Ministry of Religious Affairs to mobilize clerics on the need to set up a Zakat Commission that would mobilize support from well to do persons for the needy in the society.

Highlight of the occasion is preaching by an Islamic cleric, Shiekh Modu Mustafa on the teachings of Islam regarding curse on marketers creating artificial hardship through hoarding or other nefarious activities.

He also spoke of blessings on marketers that operate with fear of God.

Some residents of Maiduguri who reacted over the meeting,lauded the governor for the initiative.

They called for creation of an organization by the state government to ensure that people get the right quantity of goods they paid for.

According to them, in many cases the 50kg rice, sugar and other goods sold in many places are not up to the quantity expected.

“There are cases of some traders reducing the quantity of products like rice, sugar, flour, semolina and others being sold in the market.

“I once bought a bag of 50kg rice but later discovered it was 45kg,” Salisu Ibrahim said.

Tags: Inflation
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

TMSG to ADC: You are a motley crew of power mongers, palace jesters
Economy/Technology

TMSG to ADC: You are a motley crew of power mongers, palace jesters

April 6, 2026
NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
Economy/Technology

NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity

April 3, 2026
Presidential aides hail IMPI’s boss, Akinsiju at 63, commend his role in advancing Nigeria’s reform.
Economy/Technology

Why Nigeria must use oil windfall to build a more resilient economy – IMPI

March 30, 2026
Tanzania, Australia firms sign $667m deal to mine rare earths
Economy/Technology

$1.3bn landmark FG/AFC Alumnia deal, transformative economic booster–TMV

March 7, 2026
Eulogising Africa’s efforts in midwifing a Covid-19 vaccine
Economy/Technology

Injection of N98bn in 13,500 Centres will Boost Primary Healthcare Nationwide – Group

March 7, 2026
CAC, Pakistani investors on economic diversification
Economy/Technology

Progressivism: The Place of Ideology in Tinubu’s Management of Nigeria’s Economy

March 1, 2026
Next Post
Trading in Nigerian stock market dips further N83bn

Airtel, others boost equity market as investors gain N980bn

Infrastructure gulp N2,7tn in Nigeria

FIRS knocks Tax Credit Scheme on road construction

Recommended Stories

Zungeru Hydropower project to engage skilled professionals

Presidential taskforce to monitor power sector for inauguration

October 31, 2023
Kano state’s gold souk to be completed 2022

Tanzania, Canada firm in ‘conditional’ deal over $96m gold suit

September 24, 2023
Troubled 2021 budget to be rescued

Troubled 2021 budget to be rescued

January 13, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • TMSG to ADC: You are a motley crew of power mongers, palace jesters
  • NLC’s insistence on eating the seed and expecting a harvest is a metaphor for an absurdity
  • Why Nigeria must use oil windfall to build a more resilient economy – IMPI

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us