Post
Topic
Board Economics
Re: How to reduce the price of goods
by
Out of mind
on 15/10/2023, 05:10:07 UTC
I have been thinking and trying to analyze what is really causing the high cost of food in Nigeria, I came to realize that monopoly is the major factors, Nigeria government are the enablers. How can one person be the sole major distributor, government should welcome competition in the business sector, every business person should be allowed to produce.
It would be good if the government takes steps to distribute food. If the government pays well to the farmers in the agriculture sector, then surely the food producers will be able to produce food. Moreover, if the government supports them financially, there will be improvement in agriculture and food shortage will be eliminated. Moreover, the government should take more steps to provide farmers with seeds, fertilizers, and seeds to grow crops, only then it is possible to eliminate food shortage. If a government takes all these steps for its country in the field of agriculture, then surely the country will not lack food and can prosper.