Inflation: FCCPC to engage market leaders, others

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FCCPC) News

Inflation,Market Leaders,Tunji Bello

Tunji Bello said the FCCPC will engage market leaders and others in the supply and distribution chain in an effort to reduce inflation

The Federal Competition and Consumer Protection Commission has said it will engage market leaders and others in the supply and distribution chain across Nigeria in an effort to reduce inflation. The FCCPC disclosed this in a statement signed by the Vice Chairman/CEO Tunji Bello on Monday. According to Bello, this is pursuant to Sections…

“While it is recognised that the exchange rate has impacted the value of the naira, it is however observed that prices charged are, in most cases, disproportionate for imported products and excessive for locally produced ones. He believes that such interaction will be sustained by the FCCPC to foster a better market culture that makes allowance for the trader’s margin without leaving buyers exploited.

The Federal Competition and Consumer Protection Commission has said it will engage market leaders and others in the supply and distribution chain across Nigeria in an effort to reduce inflation. The FCCPC disclosed this in a statement signed by the Vice Chairman/CEO Tunji Bello on Monday. According to Bello, this is pursuant to Sections…

A Joint Committee of the ECOWAS Parliament led by Nigeria’s House of Representatives Deputy Speaker Benjamin Kalu is holding an oversight meeting in Abidjan, Ivory Coast. The five-day event comprises some of the parliament’s standing committees; Administration, Finance, Budget, Public Accounts, Macroeconomic Policy and Economic Research.

Gov. Francis Nwifuru of Ebonyi has warned Local Government Chairmen and Coordinators of Development Centers against contractual sabotage and ”empowerment diversion” in his government. Nwifuru gave the warning on Sunday in Abakaliki during a Church Service at the Government House Chapel Abakaliki. He warned those sabotaging government contracts in their various localities to stop forthwith.…

 

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