The Federal Government has pledged to implement stringent regulatory measures against traders engaging in what it terms as “unfairly inflating prices” of goods and commodities across the country.
Expressing concern over the continued escalation of prices despite the recent strengthening of the Naira against the dollar, the government, through its agency, the Federal Competition and Consumer Protection Commission (FCCPC), emphasized its commitment to protecting consumers from exploitation.
In a statement issued by the Commission’s chief, Adamu Abdullahi, on Wednesday, he declared the situation is unacceptable, stressing the FCCPC is committed to protecting consumers from exploitation.
Vanguard gathered the FCCPC outlined proactive steps to address the issue, while acknowledging its limitations in directly regulating prices, but affirmed its commitment to enforcing fair competition and consumer protection provisions within its legal framework.
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