The FCCPC attributes high prices of goods to multiple taxation and other factors
Findings from a thorough investigation conducted by the Federal Competition and Consumer Protection Commission have shed light on the reasons behind the continuous escalation in consumer prices.
Mrs. B.A Adeyinka, the FCCPC Director of Surveillance and Investigation, elaborated on the various issues involved while briefing journalists during a market surveillance operation to enforce pricing at Masaka Markets in Nasarawa State.
She mentioned that the Commission had engaged in extensive discussions with marketing executives and sellers from different sectors.
Despite government attempts to stabilize the currency, prices persist at high levels. Our research indicates a complex range of factors, such as multiple layers of taxation and transportation expenses, that ...