High Cost of Goods Linked to Multiple Taxes, Says FG Agency
In a recent market surveillance carried out at Masaka Markets, Nasarawa State, the Federal Competition and Consumer Protection Commission unveiled the results of an in-depth investigation into the factors responsible for the continuous rise in consumer prices.
During the briefing with journalists, Mrs B. A. Adeyinka, the Director of Surveillance and Investigation, highlighted the key findings from interviews conducted with industry professionals and sellers from various sectors. Despite government interventions to stabilize currency value, prices have remained stubbornly high.
Adeyinka pointed out that a combination of factors, such as multiple taxation layers and escalating transportation expenses, were driving prices upwards. The transportation costs significan...