Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,165,611 members, 7,861,890 topics. Date: Saturday, 15 June 2024 at 10:16 PM

FCCPC Moves To Prevent Further Increases In Food Prices - Agriculture - Nairaland

Nairaland Forum / Nairaland / General / Agriculture / FCCPC Moves To Prevent Further Increases In Food Prices (116 Views)

Harvest Now To Prevent Farmers-herders Clash: Bauchi Police Issues Advisory / 32 Different Organic Herbs Used To Prevent Poultry Diseases / Nigerian Maize Production Increases More Than Twofold Between 2015 And 2018 (2) (3) (4)

(1) (Reply) (Go Down)

FCCPC Moves To Prevent Further Increases In Food Prices by FarmersManual: 9:59am On Feb 20
The Federal Competition and Consumer Protection Commission (FCCPC) has disclosed that it is working with government agencies, consultants, and civil society organizations (CSOs) to come up with measures to curb the excessive prices of commodities in the markets.
This was made known through a statement signed by the Executive Vice Chairman of the Commission, Dr. Adamu Abdullahi, stating that any business participating in activities contributing to price gouging in the food chain sector is hereby warned to desist forthwith or face the full force of the law.
According to the statement, the Commission understands the natural apprehension consumers and businesses are experiencing and therefore welcomes continuing engagements and progressive measures to contain price gouging throughout the food distribution chain.

Abdullahi warned that the Commission will not tolerate actions compromising the integrity of the food chain sector, and legal consequences will be swift and severe in addressing key consumer protection and competition issues in the food chain sector.
He noted that the Commission was not a party to the suit where the Federal High Court ordered the Federal Government to fix the prices of certain food commodities, commenting that it is an unusual practice in a free market and that the commission is taking all steps to obtain the judgment of the Court and make appropriate responses.
“For clarity, it is imperative to underscore that the Commission is not mandated to regulate prices. However, in rare situations and pursuant to Part XI and Section 88 of the Federal Competition and Consumer Protection Act (FCCPA), the Commission may advise the President to fix the prices of certain goods and services, based on empirical evidence.”.
“Accordingly, the Commission is in this release encouraging the public or anyone with useful information in the food chain industry, with respect to unlocking possible illegal, exclusionary, or restrictive practices that contribute to unfair food prices, to report the same to the Commission through its designated portal.”
https://farmersmanual.com/fccpc-moves-to-prevent-further-increases-in-food-prices-2/

Re: FCCPC Moves To Prevent Further Increases In Food Prices by delzbaba(m): 10:05am On Feb 20
Good one.
Re: FCCPC Moves To Prevent Further Increases In Food Prices by lordm(m): 4:56pm On Feb 20
delzbaba:
Good one.
nothing go come out

1 Like

(1) (Reply)

Ekiti Attracts $40 Million Investment In Organic Fertilizer Factory / 50 Tonnes Of Poultry Manure Is Needed / Palm Kernel Cake And Soya Meal For Sale

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 8
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.