Government's decision to rescind taxes on sugar and cooking oil under the sway of market monopoly
The recent violent street protests over food prices hikes have brought to light the government's failure to abide by the laws it had adopted with the approval of the two houses of parliament notably the law pertaining to competitiveness.
- Observers say that the government could have averted the damaging violent street protests against the sudden steep rise in basic commodities if it had duly implemented the law n°8 of June 25th 2008 and completed and modified in July 19th 2008 regulating fair competitiveness on the national market.
- The government has unfortunately opted for easy measures instead of nipping the problem in its bud by enforcing drastically the relevant laws and breaking the nefarious phenomenon of market monopoly exerted woefully by certain venal quarters.
- This would have allowed the national market to play its normal role with on display stable prices away from any blameworthy speculation practices for the benefit of all the consumers.