Former presidential candidate, Peter Obi has lauded the reopening of Sahad Stores, Abuja, which was earlier closed by the Federal Consumer Competition and Protection Commission (FCCPC).
The FCCPC had closed the supermarket on Friday for customer extortion and lack of transparency in price fixing.
In a statement on Saturday in Abuja, the Acting Executive Vice Chairman of FCCPC, Dr Adamu Abdullahi, said the reopening followed a mutual understanding and commitment from the store to implement transparent pricing practices.
Reacting in a Facebook post, Obi thanked the commission for heeding the voice of reason and reopening the business without further delay.
The businessman-cum-politican said the closure was not a well-thought-out option in the first place.
He advised the government to avoid any “further show of rascally behaviour” that brings more pain to the people.
“The earlier sealing off of the business, just like pulling down people’s houses, and many uncaring and insensitive actions of the government, are not what we need as a nation, at this time of extreme difficulties in the land.
“The government should rather focus on saving the nation from further collapse and on building the economy, rather than engaging in rascal actions that portray the administration as heartless and thoughtless to the litany of challenges facing the Nigerian people.
“We are at a time in our country where local businesses are closing down and foreign investors are losing faith in our economy due to not perceiving further growth in the economy and stability in the system.
“More people are being thrown into unemployment and poverty, with unemployment rate soaring higher than ever before. Should we then be taking actions that will undermine the existence of the few remaining businesses we have and throw more people into unemployment?” Obi said.
The 2023 presidential candidate of Labour Party (LP) reiterated that closing down existing businesses over alleged offences is not the solution to the nation’s economic challenges.
“In a productive economy with abundant supply of goods and services, issues like hoarding of products and disparity in prices, as was being discussed, would have no place.
“This is because, through healthy competition, market forces would adjust prices accordingly.
“Instead of focusing on fixing prices, the government can focus on building a productive economy that will ensure adequate production of goods and services.
“I urge the government to take urgent actions to stem this rising tide of hunger in the nation and ensure sufficient production of goods and services,” Obi said
