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.
In many countries of the world, the price of food products has increased at a great rate. Due to which it has become very difficult for middle class and low income people to run a family. I think the most beneficial way to bring down the price of goods is to tighten the law system in the country. Because of the weakness of the law various types of unfair activities take place in the country and businessmen are able to syndicate. And by stocking the product, the price of the product is increased rapidly, only if they are stopped, the price of the product will decrease