The Managing Director of Nigeria’s Commodity Exchange Commission, Zaheera Baba-Ari, has received stringent backlash from Nigerians for being ignorant of the current prices of basic food commodities.
In a video that have surfaced online, Baba-Ari claimed to have no idea of the prices stating that she only get’s briefed on a weekly basis.
A commodity exchange connects buyers and sellers of physical commodities, a role that is particularly useful in enhancing market efficiency by helping to match supply and demand of commodities across time and geographic distances.
In a panel, Senator Tolu Odebiyi, who is currently representing Ogun West, asked Ali for the prices of beans and soya, and she was unable to give a clear answer.
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Nigerians have expressed utter disappointment in these actions by Ali, especially considering the recent hike in prices of food items across the nation. The video has attracted heavy criticism, see some below: