The National Orientation Agency (NOA) has urged traders and food vendors to refrain from hoarding essential commodities or inflating prices during the ongoing Ramadan and Lenten seasons.
In a statement released on Thursday, the agency’s Director-General, Lanre Issa-Onilu, said reports reaching the NOA indicate that some market operators are deliberately withholding staple food items commonly consumed during fasting, thereby creating artificial shortages and driving up prices.
Issa-Onilu condemned the development, describing it as damaging to both the economy and societal values, particularly at a time when religious observances promote selflessness and compassion.
“This is a period that calls for reflection, charity and empathy for the less privileged. It is deeply troubling that some individuals would exploit this spiritual moment for excessive profit-making at the expense of vulnerable citizens,” he said.
He noted that hoarding and unjustified price increases worsen inflationary pressures and compound the hardship faced by many households.
According to him, ethical conduct in the marketplace is not just a civic responsibility but also a moral one. He emphasised that fairness, transparency and moderate pricing reflect shared national ideals and are consistent with the principles observed during Ramadan and Lent.
The NOA boss also appealed to trade associations, market unions and commodity groups to ensure compliance among their members. He encouraged collaboration with relevant regulatory bodies to uphold standards and prevent exploitation.
The agency reaffirmed its resolve to sustain public enlightenment campaigns nationwide, stating that it would continue monitoring market trends and engaging stakeholders to safeguard citizens’ interests and promote unity.
