FCCPC urges retailers to promote fair business practices, price transparency

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FCCPC Новости

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The Federal Competition and Consumer Protection Commission, FCCPC, has urged organisations dedicated to consumer welfare and business-to-customer relationships to promote fair business practices.

The Executive Secretary of FCCPC, Dr Adamu Abdullahi, made the appeal during an engagement between the commission and the National Association of Supermarket Operators of Nigeria and Retail Council of Nigeria on Thursday in Lagos. Abdullahi noted that the commission had identified concerns in the retail sector, especially regarding the inconsistent display of prices, which had led to discrepancies between shelf prices and the final amount charged at the till.

But we ensure that there is a level playing field so that the market is open and people can come in, display their wares, and sell at their own prices. “The price dictates whether you sell your products or not, as far as we’re concerned. “We feel that it’s only fair that if the government is trying its very best to bring down the Naira exchange value, then those efforts should also be rewarded by retailers by bringing down the cost of items.

 

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