The Federal Competitors and Shopper Safety Fee (FCCPC) has mentioned it will likely be participating leaders of markets and others within the provide and distribution chain throughout the nation, as a part of measures to curb the rising inflation within the nation.
The chief vice chairman and chief government of the FCCPC, Tunji Bello, in an announcement mentioned, the transfer is a part of measures to verify exploitative pricing of shopper items as a part of its mandate.
Bello, while acknowledging that the alternate price has impacted the worth of the Naira, mentioned: “it’s nonetheless noticed that costs charged are, most often, disproportionate for imported merchandise and extreme for domestically produced ones.
“This unfair observe is prevalent within the retail section of the distribution chain the place some market associations are engaged in value fixing on the expense of shoppers. Working with the market leaders, the Fee believes an understanding may be reached on affordable pricing of merchandise with a view to eschewing undue profiteering on the expense of shoppers at a time of financial challenges.
“Such interplay shall be sustained by the Fee to foster a greater market tradition that makes allowance for the dealer’s margin with out leaving patrons exploited. The Fee’s advocacy for Nigerian shoppers on this route is according to the renewed hope agenda of President Bola Tinubu.”
Recall that the fee has mandated the operators of supermarkets to visibly show the costs of merchandise displayed on their cabinets to consumers for transparency and keep away from an ambush state of affairs the place they solely get to know of the costs after cost would have been made on the counter and receipt issued.
