The Federal Competition and Consumer Protection Commission (FCCPC), an agency of the Federal Government, has warned trade associations against hiking food prices.

FCCPC made the warning after the National Bureau of Statistics (NBS) reported that food inflation hit 25.25 per cent in June, up from 24.82 percent in May.
Also, a state of emergency on food insecurity had also been declared by President Bola Tinubu to curb food inflation and ensure stability in food prices.

In a forum held on Tuesday, themed; ‘Fair food prices in Nigeria: A high-level forum for better competition,’ FCCPC chief executive, Babatunde Irukera, said the market will be monitored and prosecute associations that fix prices.

He said the informal market needs to regulate the informal market, as some cabals in the market are engaging in anti-competitive practices.

For more information, click on the link below
https://www.primebusiness.africa/fg-to-prosecute-traders-increasing-food-prices/

Lol

Input cost has risen besides they now pay bandits levy.

Food wey una help dem grow, harvest, and transport to the market abi?

Useless people.

Audio action group.....LMAO


Wittyness