The National Orientation Agency (NOA) has cautioned traders and marketers against hoarding food items and raising prices unfairly during the Ramadan and Lent periods.
Director-General of the agency, Lanre Issa-Onilu who issued the warning in a statement , said the NOA had received reports that some traders were deliberately holding back essential food items commonly consumed during fasting.
The practice according to him, is creating artificial scarcity and pushing up prices across markets.
Issa-Onilu described the trend as both harmful to the economy and morally wrong, especially at a time when religious teachings encourage compassion and sacrifice
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