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Author Topic: Report Traders Arbitrary increasing prices of commodities-FG tells Nigerians  (Read 50 times)
Cossyblack (OP)
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April 15, 2024, 06:37:47 AM
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My contri people, The federal competition and consumer protection commission(fccpc) don talk say make we report any trader dey price hikes goods & services..Them talk say enough is enough for any trader wet dey like to increase price of products,say make we help them identify and report such trader to their commission...My contri people,e be like say diz Tinubu government don dey wake from sleep
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April 15, 2024, 06:43:01 AM
 #2

You can at least add a link so we can follow up the news

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Cossyblack (OP)
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April 15, 2024, 07:24:47 AM
 #3

You can at least add a link so we can follow up the news
https://www.naijanews.com/2024/04/15/top-nigerian-newspaper-headlines-for-today-monday-15th-april-2024/
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April 15, 2024, 07:31:34 AM
 #4

Number 8
https://www.naijanews.com/2024/04/14/report-traders-arbitrarily-increasing-prices-of-commodities-fg-tells-nigerians/

The Federal Competition and Consumer Protection Commission (FCCPC) has called on Nigerians to report any instances of arbitrary price hikes by businesses.

In addition to their warning, the FCCPC encouraged Nigerians to remain vigilant and proactive in reporting any unfair trade practices they encounter.

This is not hidden at all. Some local product prices increased, while some remain as it was when dollar was around $1900. Imported products has decreased by almost 50% but local products have not fallen that much.

Although, yesterday I read on the news that the price of Indomie has decreased. The smallest size sold between ₦10500 and ₦11500 is now sold between ₦7400 and ₦8000. I do not know if other local products have been decreasing in price also.

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Uhwuchukwu53
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April 15, 2024, 07:55:23 AM
Last edit: April 15, 2024, 08:12:45 AM by Uhwuchukwu53
 #5

My contri people, The federal competition and consumer protection commission(fccpc) don talk say make we report any trader dey price hikes goods & services..Them talk say enough is enough for any trader wet dey like to increase price of products,say make we help them identify and report such trader to their commission...My contri people,e be like say diz Tinubu government don dey wake from sleep

This country matter don tire pepsin all this one na formality, no go carry body say government want to do something. waitin show say waiting Dem dey talk go work how country people want take no say the trader hike the price wen them never carry out list of prices the items how it's supposed been sold, apart from dat, if na tru why not set-up task force way go involved our arms forces like police, civil defense and some others to go around all the market published the sanction meant for default to the public and back it up by their law which will not deviate from our constitution, you will no a government wey ready to change tins by their doing no be to talk for mouth many ways wey go work faster dey to achieve this.

 As dem dey look for whistle blowers, are they not in the country where this tins dey happen na citizens way never see food chop go dey call and email them for defaulter, I see this matter as something way no get head because na when citizens don know the actual prize den go take detect person wey dey hike price. My opinion is that make they bring out price required of government by the traders published it, make news carry am both social media when citizens don dey aware of all this tin is very easy to even join hand fight this matter.

We don forgot say d traders get union and all if them dey do according to what Dem don agree until government don say all items like dis we want am to be sold  citizens come dey follow the prize dey tackle trader and report those who no want obey this fccpc matter if reporting no go hold water.

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April 16, 2024, 05:26:55 AM
 #6

My contri people, The federal competition and consumer protection commission(fccpc) don talk say make we report any trader dey price hikes goods & services..Them talk say enough is enough for any trader wet dey like to increase price of products,say make we help them identify and report such trader to their commission...My contri people,e be like say diz Tinubu government don dey wake from sleep
If this people are waiting for people to report businesses that are hiking prices to them, then they are not yet serious. Don't they have agent's that they can release to move round the various major markets in the country and in different states to go and get data for themselves. It will be more effective this way. This thing in very simple, if they want these traders to take them serious, they should make it headlines in Media houses and put a deadline. After the expiration of the deadline they will give, they should enter markets and any businesses found to be hiking prices of goods, should be locked down and the goods cart away. If others see the action nobody will tell them to reduce the prices of things.

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April 16, 2024, 05:44:33 AM
 #7

We actually hope to see that coming because the fight to recover the value of naira shouldn't hand been just of hype that the naira has regained its value from the dollar exchange.
OP you should provide us with source in terms like this so that interested persons can also read in details or for verification of updates.
But anyhow, if the government really want to fight this whole out by having those who still maintains the increase of their goods up til now to be captured or notified, why not the government set a commission to hover and cover those sectors by building a commission which would oversee all those angles maybe the masses can only be subordinates in running the eyes on the local traders.
Meanwhile the productions and factories should primarily be hold responsible because traders who sells to final consumers do actually considers how much they bought their items before considering how much to sell to those final consumers.
We know as the country people usually behaves that if indictments is not considered as breaking of the laws, the treaders, vendors, producers ad the rest of them would be adamant to the forces.

Lets not just also say because the rate of dollar has reduced and magically just believe that the system has been balance to have our price of goods reduced just like that but also considering that the central bank as our national financial regulatory authorities and the economy communions that are in charge of the goods and services in exchange really has to go in alignments of having this whole thing fixed for the system to be workable again and not just about the hail of recovering the value of naira else it'd only favour those who're into importation tradings hence we're yet to hear that the price of fuel had dropped to affordable rates, the local dealers will still be affected unless the whole barriers of the hike of productions is being eliminated.

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