…seals supermarkets in Abuja
President Bola Tinubu-led government of Nigeria has begun clamping down on supermarkets for purposes of checking excessive price hikes by marketers and business owners across the nation.
The clampdown, according to sources, would be extended to open markets.
This is just as the Federal Competition and Consumer Protection Commission has initiated a campaign to enforce price display and quantity compliance at supermarkets throughout Abuja.
The Commission started this at 4U Supermarket, Wuse 2 Abuja on Thursday.
This move is a direct response to concerns raised by consumers about the rising costs of goods, which go against the recent strengthening of the naira.
The Commission said price discrepancies remain a significant issue.
It emphasised that consumers have the right to be informed of the prices of items they intend to purchase.