FCCPC Orders Supermarkets to Display Product Prices
The Federal Competition and Consumer Protection Commission has instructed supermarket operators to display product prices on their shelves.
According to the FCCPC the directive is to prevent situations where customers discover prices only after they have already paid at the counter and obtained their receipts.
It said the step will help consumers make informed choices and promote transparency.
In a statement, the Executive Vice Chairman of the commission, Mr. Tunji Bello, noted that FCCPC was working with market leaders and others in the supply and distribution chain nationwide to address exploitative pricing of consumer goods.
The statement highlights that unfair practices are common in the retail sector, where some market associations engage in price fixing, harming consumers.
The commission believes that collaborating with market leaders will help establish fair pricing for products and prevent profit-making that harms consumers during these difficult economic times.
According to the FCCPC, the action will help create a better market culture that considers the trader’s profit margin while protecting consumers from exploitation.
