The Edo State Government has suspended all market unions and associations in the state following reports that their exploitative activities have contributed to soaring food prices and economic hardship. Governor Monday Okpebholo approved the suspension, which was announced on November 19, 2024, by the Secretary to the State Government, Umar Musa Ikhilor.
The government cited reports accusing market unions of preventing farmers from directly selling their produce to consumers and arbitrarily setting prices for staple foods. These practices have led to a dramatic rise in food costs, disproportionately affecting low-income and vulnerable residents in the state.
“The attention of the State Government has been drawn to the disturbing activities of market unions,” the statement read. “Reports abound that the executives of these unions either outrightly prevent farmers from disposing of their wares directly to consumers or arbitrarily fix prices of these staple foods at the detriment of the low-income earners and citizens of the state.”
In response to these concerns, Governor Okpebholo approved the immediate suspension of all market unions. He has directed security agencies, including the police, to enforce this suspension strictly, with union leaders defying the order to be apprehended and held accountable.
While the government acknowledged the important role market traders play in the state’s economy, it stressed that these contributions cannot justify the actions of union leaders allegedly destabilizing the local economy, increasing food insecurity, and inflating living costs.
The suspension is part of the government’s effort to restore fairness in market operations, protect consumers, and ensure a more balanced economic environment for all stakeholders. The state administration reaffirmed its commitment to fostering economic fairness, ensuring that no group or individual undermines the welfare of the broader community.
