BREAKING! F.G blows hot, gives traders 1-Month deadline to crash prices off goods

The Federal Competition and Consumer Protection Commission (FCCPC) has granted a one-month moratorium to traders and other market stakeholders involved in exploitative pricing, urging them to reduce the prices of goods.

The newly appointed Executive Vice Chairman of the FCCPC, Mr. Tunji Bello made this announcement during a one-day stakeholders’ engagement on exploitative pricing held on Thursday in Abuja.

Bello stated that the Commission would begin enforcement actions once the moratorium period ends.

He explained that the meeting was convened to address the increasing trend of unreasonable pricing of consumer goods and services, as well as the unethical practices