FCCPC to engage market leaders nationwide to curb ‘exploitative pricing’

The Federal Competition and Consumer Protection Commission says it will engage market leaders nationwide to curb ‘exploitative pricing’ of consumer goods.

He said the unfair practice is common in the retail segment of the distribution chain where certain market associations are involved in price fixing to the detriment of consumers. “This unfair practice is prevalent in the retail segment of the distribution chain where some market associations are engaged in price fixing at the expense of consumers.”

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FCCPC to probe market leaders over exploitive food prices in NigeriaThe Federal Competition and Consumer Protection Commission has vowed to probe market leaders across the country over exploitative food prices. The Executive Vice Chairman/Chief Executive Officer disclosed this in a statement on Monday. The commission said the move is under its establishment Act 2028 Sections 17(l) (s),116 (2),124,125,138 and 155.
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Inflation: FCCPC to engage market leaders, othersTunji Bello said the FCCPC will engage market leaders and others in the supply and distribution chain in an effort to reduce inflation
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