The countryâs growing food prices are due to market cartels and transportation issues, according to the Federal Competition and Consumer Protection Commission (FCCPC).
The revelation was made on Thursday in Abuja at a hybrid engagement with consumer protection and civil society organizations. The event was titled, “Collaboration for Competition and Consumer Protection,”
Speaking on the development, the commission’s acting executive vice chairman, Adamu Abdullahi in a Daily Trust report said,
Regarding the actions of the FCCPC, the acting EVC stated that the commission has started holding advocacy meetings with significant market managers and leaders in order to inform them of the law’s provisions as most of them are unaware of the implications.
TimesNow.com.ng reported that Nigerian food importers now have free reign to bring food into the nation thanks to a government directive.
According to Abubakar Kyari, Nigeria’s Minister of Agriculture and Food Security, the country’s government has approved almost N2 trillion to combat food inflation.
According to the minister, the government has also approved a 150-day window during which food commodities can be imported duty-free. This means that some goods can be imported under the program over both land and maritime borders.
Source: TimesNow.com.ng
