Nigerian consumer watchdog FCCPC plans to engage market leaders and address exploitative pricing amid rising inflation.

Nigerian consumer watchdog, the Federal Competition and Consumer Protection Commission (FCCPC), plans to engage with market leaders and supply chain stakeholders to tackle exploitative pricing of consumer goods amid rising inflation. FCCPC CEO, Tunji Bello, highlights the impact of the exchange rate on the value of the Naira, which has led to disproportionate prices for imported products and excessive prices for locally produced goods. Collaborating with market leaders, FCCPC aims to establish reasonable pricing that prevents excessive profiteering at the expense of consumers, in line with President Bola Tinubu's renewed hope agenda. The FCCPC has also mandated supermarket operators to display product prices visibly for transparency.

August 12, 2024
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