The Federal Competition and Consumer Protection Commission has carried out an enforcement raid at two supermarkets in the Federal Capital Territory, Abuja, to ensure adherence to price display and quantity regulations.
The Executive Secretary of the Commission, Adamu Abdullahi, said the exercise targeted at reducing the high cost of food commodities nationwide, would be extended to Lagos, Port Harcourt, Ibadan, Kano, Kaduna and other cities in the coming weeks.
Abdullahi said unannounced inspections would be carried out at stores and open markets across different states as part of measures to control the abnormal price surges which had failed to respond to the appreciation of the naira in recent weeks.
The FCCPC boss further disclosed plans to raid some open major markets on Friday in the FCT to checkmate the arbitrary increase in prices of consumables by traders.
The move was in direct response to concerns raised by consumers about the rising costs of goods, which go against the appreciation of the naira.
