The Federal Competition and Consumer Protection Commission, FCCPC, has initiated a proactive campaign aimed at ensuring compliance with price display and quantity standards in supermarkets across Abuja
The move, kick started at 4U Supermarket, Wuse 2 Abuja is a direct response to concerns raised by consumers about the rising costs of goods, which go against the recent strengthening of the naira.
The Commission said price discrepancies remain a significant issue.
It emphasized that consumers have the right to be informed of the prices of items they intend to purchase.
The development comes after the commission expressed concern over the persistent increase in prices of goods and services despite the appreciation of the naira against the dollar.
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The Commission’s acting Executive Vice Chairman/ Chief Executive Officer, Adamu Abdullahi, had said on Wednesday that the situation was unacceptable, and that the FCCPC was committed to protecting consumers from exploitation.
The Commission said its operatives have been directed 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 be working 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,” he said.
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