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The Federal Competition and Consumer Protection Commission FCCPC has blamed the distribution sector, including wholesalers and retailers, for the spike in the prices of foodstuffs and other commodities.
The South-South Zonal Coordinator of FCCPC, Uchegbu Chukwuma, disclosed this shortly after taking newsmen on a survey of the popular Oil Mill Market in Port Harcourt.
Chukwuma said that the commission’s position followed market inquiries in some states within the zone, saying that its surveillance efforts suggest participants in the food chain and distribution sector such as wholesalers and retailers, are allegedly engaged in conspiracy, price gouging, hoarding, and other unfair practices to restrict competition in the market.
He further stated that such illicit acts restrict the supply of food, manipulate and indiscriminately inflate the price of food, pointing out that such practices, which he termed “obnoxious, unscrupulous, and exploitative,” are illegal under the FCCPA.
The Executive Director of CUDA, Effiong Ayi, who spoke with newsmen on in Calabar, said that the aim of the exercise was to address the pressing issue of mental health in the metropolis proactively. Ayi said that the evacuation exercise followed the recent inauguration of a mental holding center by Gov. Bassey Otu as part of his administration’s one-year celebration in office while adding that since the commencement of the […]
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