FG conducts price enforcement in Abuja supermarkets

The Federal Competition and Consumer Protection Commission (FCCPC), on Thursday, conducted a campaign to enforce price display at supermarkets in the Federal Capital Territory (FCT). The move, which is a direct response to concerns raised by consumers about the rising costs of goods, started at 4U Supermarket, Wuse 2, Abuja. According to the commission, price […]

The Federal Competition and Consumer Protection Commission (FCCPC), on Thursday, conducted a campaign to enforce price display at supermarkets in the Federal Capital Territory (FCT).

The move, which is a direct response to concerns raised by consumers about the rising costs of goods, started at 4U Supermarket, Wuse 2, Abuja.

According to the commission, price discrepancies remain a significant issue.

It emphasised that consumers have the right to be informed of the prices of items they intend to purchase.

The move comes after the commission vowed to protect consumers amid the escalating costs of goods and services despite recent appreciation of the Naira against the dollar.

In a statement, acting Executive Vice Chairman/Chief Executive, FCCPC, Dr. Adamu Abdullahi, further declared the situation unacceptable, vowing to shield consumers from exploitation.

He said the commission was aware of the concerns expressed by Nigerians regarding the continued rise in prices of goods and services.

He said, “The FCCPC understands the significant financial strain these rising prices place on Nigerian households. As a result, the Commission is taking proactive steps to address this issue.

“The commission has directed its operatives to intensify monitoring of both formal and informal markets, where businesses may be taking advantage of market conditions to unfairly inflate prices, and ramp up enforcement activities.

“The operatives will work collaboratively with trade associations, farmer groups, and other stakeholders to identify and remove unnecessary barriers to entry in various sectors, combat price-fixing, and dismantle cartels. This will encourage increased competition, ultimately leading to lower prices for consumers.”