Kano, Feb. 17, 2024: The management of Dawanau International Grains Market in Kano State has dismissed speculations that dealers transacting business in the market are hoarding foodstuffs to create artificial scarcity.<\/p>\n\n\n\n
The management also dismissed notions that the traders were inflating prices of food items arbitrarily to cause excruciating hardships to the public.<\/p>\n\n\n\n
The grains market is the largest in West Africa, supplying foodstuffs to customers in Nigeria, Niger, Chad, Cameroon and the Central African Republic, among other countries.<\/p>\n\n\n\n
Such food items include rice, millet, sorghum, beans and groundnuts which are largely grown in the northern parts of Nigeria.<\/p>\n\n\n\n
The market also stocks crops such as sesame seeds, hibiscus, tamarind and soybeans which are exported to Asia, Europe and other global markets.<\/p>\n\n\n\n
Addressing newsmen in Kano on Friday, the President of Dawanau Market Development Association (DMDA), Alhaji Muttaka Isa, said the grains dealers only purchased foodstuffs from growers in various parts of the country.<\/p>\n\n\n\n
He said such grains were stored in the market\u2019s warehouses before selling them to their customers.<\/p>\n\n\n\n
\u201cFollowing the recent rise in the prices of food products across the country, misinformation and disinformation have taken over the public domain concerning our operations and we are wrongly accused of hoarding food items.<\/p>\n\n\n\n
\u201cThe Association hereby calls the attention of the general public to understand that we are dealers of items, having an average daily turnover of N30 billion.<\/p>\n\n\n\n
\u201cFarmers from far and near bring their products here which we buy and sell as whole sale to industries and for exports.<\/p>\n\n\n\n
\u201cWe buy and sell the items and cannot possibly hoard them.<\/p>\n\n\n\n
\u201cThe various grains and other food items you see in these warehouses are only on transit; they must be stored first before they are sold to our customers.<\/p>\n\n\n\n
\u201cStoring the goods in the warehouses is essential to prevent them from being spoilt and also for convenience purposes,\u201d Isa explained.<\/p>\n\n\n\n
\u201cGovernments and organisations purchase grains from us. For example, the Federal Government buys grains from us, organizations like the World Food Programme (WFP) also buys grains from us and distributes to IDP camps in Nigeria and elsewhere.<\/p>\n\n\n\n
\u201cI wonder how these esteemed customers can buy from us if we are hoarding these grains. So, I am appealing to the general public, particularly our business partners, to disregard the wicked rumour as it is baseless and unfounded.<\/p>\n\n\n\n
\u201cThe truth is that we are genuine businessmen, passionate about the progress and well being of our customers as well the economic development of our dear nation, Nigeria,\u201d the president said.<\/p>\n\n\n\n
He also called on the Federal Government to intervene by renovating the rail transport system, to ease transportation of goods and enhance the activities of the inland dry ports.<\/p>\n\n\n\n
\u201cAnother issue is the shortage of these food items in some areas that are affected by insecurity.<\/p>\n\n\n\n
\u201cProduction in those places have drastically reduced from what used to obtain in the past.<\/p>\n\n\n\n
\u201cWe wish to use this opportunity to call on the Federal Government to come into this to modify and regulate the activities for better output.<\/p>\n\n\n\n
\u201cA standard rail transport system should be put in place to break the jinx of high transportation cost experienced by transporting the items by road.<\/p>\n\n\n\n
This will enhance the activities of the inland dry ports and ease the market operations.<\/p>\n\n\n\n
\u201cWe will continue to try our best as dealers in these essential commodities, to ensure that a stop is not only put to the soaring of prices of goods, but is also reduced to the nearest minimum,\u201d he added.<\/p>\n\n\n","protected":false},"excerpt":{"rendered":"
Kano, Feb. 17, 2024: The management of Dawanau International Grains Market in Kano State has dismissed speculations that dealers transacting business in the market are hoarding foodstuffs to create artificial scarcity. The management also dismissed notions that the traders were inflating prices of food items arbitrarily to cause excruciating hardships to the public. The grains […]<\/p>\n","protected":false},"author":2,"featured_media":50837,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949],"tags":[2257],"class_list":["post-55703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-hoarding","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n