The Federal Competition and Consumer Protection Commission (FCCPC) has stated that it will not hesitate to take action against businesses engaging in price fixing.
It highlighted the strain this act places on consumers’ well-being and economic stability and urged citizens to report such practices.
The FCCPC disclosed this in a statement posted on its official X handle on Sunday.
The statement read, “The FCCPC acknowledges that the rising cost of essential goods impacts consumers’ well-being and economic stability.
“While we recognise that the commission cannot directly control prices, we are committed to safeguarding consumers’ interests and ensuring fair market practices, necessitating fair pricing.
