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Nairaland Forum / Nairaland / General / Politics / FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods (30026 Views)
Hardship: Sanwo-olu Urges Agro, Food Processing Companies To Crash Prices / Government To Release Food Items From Reserves To Crash Prices / Lagos Gives Traders At Computer Village POWA Complex 24 Hours To Vacate Property (2) (3) (4)
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FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by nlfpmod: 5:45pm On Aug 29 |
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. https://nairametrics.com/2024/08/29/inflation-fccpc-gives-traders-one-month-deadline-to-crash-prices-of-goods-across-nigeria/ 18 Likes 2 Shares
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Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Iridma: 5:47pm On Aug 29 |
What about the cost of production? 30 Likes 1 Share |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by DispatcherLagos: 5:47pm On Aug 29 |
Can I at least laugh at this cock and bull story? Meanwhile, vendors can reach out to the announcer on hiyes.ng 269 Likes 15 Shares
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Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Dondunga0770(m): 5:53pm On Aug 29 |
De play pooo 22 Likes 1 Share |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by PheelzAlmighty: 5:53pm On Aug 29 |
Audio. Clowns everywhere 😏 99 Likes |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Explorernet: 5:53pm On Aug 29 |
After making tough economic and financial policies coupled with rampant mass destruction of farmlands by terrorists and bandits that our military men are unable to defeat, you’re expecting the prices of different consumable goods to drop drastically. That’s a big joke. Make the right economic policies and watch how the prices drop gradually. 93 Likes 6 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Yankee101: 5:53pm On Aug 29 |
Demand and supply controls prices 39 Likes 4 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Yankee101: 5:53pm On Aug 29 |
They’ve lost ideas 94 Likes 6 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by iykofias(m): 5:53pm On Aug 29 |
What’s this crap I just read 81 Likes 3 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by oluwaseunamos33(m): 5:54pm On Aug 29 |
OYO. Na u sell the goods for me? 73 Likes 3 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Antoeni(m): 5:54pm On Aug 29 |
Jokers 42 Likes 1 Share |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Starboytwo(m): 5:54pm On Aug 29 |
G 1 Like |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Scatterscatter(m): 5:54pm On Aug 29 |
I feel like giving this man a “big konk” on his head. FG keeps increasing Custom duty + all the shenanigans that happens at the Port, yet you want the price of imported commodities to be cheap. This people go just smoke Igbo finish start to dey talk anyhow.🙄 110 Likes 4 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Babaken(m): 5:54pm On Aug 29 |
The market association is giving fg 2 weeks to reduce dollar and import duty 142 Likes 13 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by AfroBeatDiary: 5:54pm On Aug 29 |
Authoritarian govt 11 Likes 1 Share |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by femi4: 5:55pm On Aug 29 |
Market forces determine the price. You can't win this battle 44 Likes 2 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Atuero(m): 5:55pm On Aug 29 |
Iridma: Ignorance and not disturb 41 Likes 5 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Willie2015: 5:56pm On Aug 29 |
Iridma: Dem suppose give FG one month to crash fuel price Clowns 70 Likes 4 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Caramia2020(m): 5:56pm On Aug 29 |
Commando in charge, imagine ordering traders when they (FG) can't crash the prices of fuel, diesel n dollar? What about taxes they do impose both on imported n local goods? Using stamp duty, network tax n various taxes to frustrate both citizens n the traders. Yeye de smell. 32 Likes 1 Share |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Eagle360(m): 5:56pm On Aug 29 |
The damages that Tinubu led administration have caused in this country only God can redeem us as a country. Directionless administration 20 Likes 2 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Ejehhhh: 5:56pm On Aug 29 |
Igbo Amaka 8 Likes |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by bigpicture001: 5:56pm On Aug 29 |
They just convert the exchange rate and compare the prices in the US and Naija...failing to consider the following: Cost of shipment bro Naija Cost of clearance in Naija Cost of transportation to Ur location Cost of taxes on each goods sold brought about by the numerous Lagos taxes Cost of loan for running the business Cost of other things one can buy with ones profit when the goods is sold Cost of rent for Ur business place Govt never serious... 38 Likes 2 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by id4sho(m): 5:57pm On Aug 29 |
Harvest is September/October, APC una papa If you don't gerrit, forgerrit it Demand and supply. Supply go surplus in one month time. More famine next year 2 Likes |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Beremx(f): 5:57pm On Aug 29 |
Tomatoes and peppers don full everywhere for market yet it's still expensive 10 Likes |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by wales4real(m): 5:57pm On Aug 29 |
Way to go. No price control everyone just ripping each other off. 2 Likes |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Dynamicboss: 5:57pm On Aug 29 |
Let’s analyze here Price of the fruit blender in Texas - N140,000 If I buy at this price and ship it via air to door delivery, delivery cost maybe up to N100,000 I need to pay customs duty fee up to N100,000 I need to pay staff plus maintenance cost and tax, let’s say N90,000 to N100,000 sha from the proceed. If I make profit of N200,000 The total amount should be N650,000 Now the supermarket is selling for N950,000. Well the government officials are not far from the truth, people are extremely greedy in this country. Though, the same government making mouth, did they realise the cost of running business had hit the roof? Fuel is almost N1,000 which is affecting almost everything in the country. 11 Likes 2 Shares |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Judolisco(m): 5:59pm On Aug 29 |
Be like say una dey mad.... Hw can FG be selling petrol at 950 and expect price of goods to come down... Yansh dey pain una 13 Likes 1 Share |
Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by Kelklein(m): 5:59pm On Aug 29 |
This is the 'stupidest' post I have read this year..(!apologies to the op.. I actually refer to the government) Even the deaf and the blind can tell that this administration is the worst thing that can happen to a people.. you don't need a soothsayer really.. They, on their own, decided on this destructive path from day-one.. all calls to get them to reverse this mad mode of governance fell on deaf ears.. now they want to use fiat to reduce price of good.. Hello, are you ok.. can't you see you have gone mad..?! you have put hundred of millions of people in misery.. what is wrong with these people?! 🤔 18 Likes 2 Shares
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Re: FCCPC Gives Traders 1-Month Deadline To Crash Prices Of Goods by lexy2014: 5:59pm On Aug 29 |
Iridma: Which decision has been made that is the best? 4 Likes |
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