FCCPC to Clampdown on Traders Hiking Prices of Food Items in Markets, Supermarkets [Video]

• The FCCPC has announced plans to tackle unwarranted price hikes by traders and retailers in markets and supermarkets
• The commission disclosed that some market associations had formed price-fixing cartels to inflate the prices of food items
• The consumer protection agency reiterated that price fixing is against the law and it would impose sanctions on those engaging in it

Legit.ng journalist Victor Enengedi has over a decade’s experience covering Energy, MSMEs, Technology and the stock market.

The Federal Consumer Competition and Protection Commission (FCCPC) has initiated efforts to engage with markets and supermarkets to inform operators and traders about consumer rights and regulations regarding price fixing.

Dr. Adamu Abdullahi, the acting executive vice chairman of the FCCPC, announced this in Abuja during a one-day awareness workshop for students from Nigerian tertiary institutions organized by the FCCPC.