The Federal Competition and Consumer Protection Commission has initiated a campaign to enforce pricing and quantity compliance at supermarkets in Abuja.
Starting with 4U Supermarket, Wuse 2, Abuja, the action was taken in direct response to concerns expressed by consumers about the rising costs of goods.
According to the commission, consumers have a right to know the prices of goods they intend to buy.
This move follows the commission’s commitment to enabling consumers face the rising prices for goods and services across the nation.
The Chief Executive of the FCCPC, Dr. Adamu Abdullahi, also berated the current situation, stressing on protecting customers from abuse.
“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.” He said.
saharandaily