The Federal Competition and Consumer Protection Council (FCCPC) has vowed to go after players in the informal sector to guard against any form of extortion of consumers. The acting Executive Vice Chairman of the commission, Alhaji Adamu Abdullahi, noted that recent interventions of the federal government through its various agencies, including FCCPC, had yielded results with reduction in the prices of commodities. He gave an instance with rice, which he said now sold below N60,000. Abdullahi, while featuring on NTA’s Good Morning Nigeria show monitored by our correspondent, said as the statutory agency of government in charge of protecting the rights of consumers, FCCPC covered all sectors of the economy.
He disclosed that the commission recently visited some markets across the country in an effort to compel marketers to bring down the prices of their food items. He also said that the commission signed a Memorandum of Understanding with the Lagos Consumer Protection Agency (LASCOPA) to stop price fixing in major markets in the state. “All these efforts are already yielding results. Price of rice as of today has really come down. These are efforts made from all agencies, we cannot claim it is only from us. We know that the government has done a lot because the administration, despite the fact that it has removed subsidy, has also tried cushioning the effect of the subsidy. “We have seen the efforts that have been made also about the dollar rate and the fact that the dollar has now come down. “We now have the mouth and the will to go into supermarkets and markets too and talk about price and look at gouging. Gouging is when you use happenings in the market that normally should not affect prices. We go into those supermarkets, find out from their records the day they bought those goods and what was the foreign exchange? Why are you selling at that rate?” Adamu stated that the recent visit to supermarkets failing to comply with the directive to display price tags was in line with its commitment to ensure consumers are not short- changed. “You check an item and by the time you go to the counter to pay, the price on the shelf is different from what is on the system. That is misleading. “Our Act empowers us to seal up a supermarket, warehouse, any store once we found out that there has been unwholesome practice which in this case we have confirmed. “All we are trying to do, we are not trying to stop anybody from doing business, we are trying to make amends.” https://dailytrust.com/price-fixing-fccpc-to-go-after-informal-sector/
mynd44 oam4j lalasticlala seun nlfpmod fergie001

They should go after DSTV

The approach is not sustainable. Let the government set up good series of measures and policies that will the local communities and society at large. The price of cement dropped without FCCPC intervention.

Good

helinues:
Good

It's good naa because you don't farm or produce anything.

Fertilizer is now #40k, plus labourers and etc and high tfare, I will harvest crops and sell it 10naira to you, because you sit behind your keypad 24hrs defending failed buhari/tinubu while collecting 30k monthly stipend.

Aso rock really have plenty animals

The bandits in police, army uniforms are extorting money from transporters of these goods. When will you go after them?

Cindypresh:


It's good naa because you don't farm or produce anything.

Fertilizer is now #40k, plus labourers and etc and high tfare, I will harvest crops and sell it 10naira to you, because you sit behind your keypad 24hrs defending failed buhari/tinubu while collecting 30k monthly stipend.

Aso rock really have plenty animals

He is a wastrel. So he is happy to see others crumble to the ground through communist policies.

Iykopee:



He is a wastrel. So he is happy to see others crumble to the ground through communist policies.

Imagine such rubbish, he won't ask the federal government to subsidize agricultural sector, fertilizer,farm implements etc

He's job is to defend useless government policies and collect 30k every month end like he did with buhari for 8wasted years.

Nigerians are enabling this useless government

Cindypresh:


Imagine such rubbish, he won't ask the federal government to subsidize agricultural sector, fertilizer,farm implements etc

He's job is to defend useless government policies and collect 30k every month end like he did with buhari for 8wasted years.

Nigerians are enabling this useless government

Someone whose life is pegged on free food from state govt is not expected to understand anything aside freebies.