FCCPC Wants Market Associations Abolished Over High Food Prices

Federal Competition and Consumer Protection Commission (FCCPC) has advocated for the abolition of trade market associations to stabilise food prices.

This was revealed by the executive vice chairman of FCCPC, Dr. Adamu Abdullahi, who spoke in Abuja during an interactive press briefing with Consumer International (CI).

While acknowledging the necessity for practical solutions through partnerships, Abdullahi emphasised that the government‘s biggest challenge and failure lies in its inability to introduce anti-competitive policies before integrating our economy.

He, however, expressed concerns about the pilfering of food items from warehouses and the interception of food trucks, which are alarming signs for the nation.

Abdullahi noted that the FCCPC does not regulate the prices of market goods but only advises the government on potential solutions for fair pricing and consumer rights.

On her part, the Executive Director of Consumer Advocacy and Empowerment Foundation (CADEF), Prof. Chiso Ndukwe-Okafor, called for adequate storage facilities to reduce food wastage.

Also, the project specialist from CI, Davine Minayo, urged FCCPC and other authorities to implement a food price monitoring mechanism to provide greater transparency.

She emphasised the need for improved management of food loss associated with the supply chain.