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Federal Government don promise tough action against price gouging

April 18, 2024

The Federal Government don warn traders wey dey inflate prices of goods and commodities unjustly, talk say dem go take strong measures to address di mata.

Di warning na through di Federal Competition and Consumer Protection Commission (FCCPC), wey express concern over di continuous rise in prices despite di recent strengthening of di Naira against di dollar.

Adamu Abdullahi, di Chief of di Commission, emphasize say di government dey committed to make sure say competition dey fair and say dem dey protect consumers from exploitation. Even as e recognize say dem get limitations for directly regulating prices, Abdullahi confirm say FCCPC go use di legal framework wey dem get to enforce provisions wey dey promote fair competition and dey protect consumer rights.

In one proactive move to stop di wicked increase in prices, di FCCPC don direct dem operatives to dey monitor markets well well, both formal and informal, to make sure say traders dey behave themselves.

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