During a recent advocacy meeting at the Emir of Bauchi’s Palace, the Federal Competition and Consumer Protection Commission (FCCPC) emphasized the importance of reopening the country’s borders to legally import essential items like food in order to combat hunger among Nigerians. The Federal Government was urged to take action in response to this pressing issue. The FCCPC affirmed its commitment to safeguarding consumers in the nation by closely monitoring market price increases to prevent exploitation by business owners and ensure that consumers receive fair value for their money.
Adamu Abdullahi, the Acting Executive Chairman of the Commission, revealed during the meeting with local chiefs in Bauchi that the commission has been actively engaging in advocacy and public awareness campaigns addressing price gouging and unfair Trade practices within Nigeria’s markets. He stated that the commission’s current focus was on educating key stakeholders about their rights, as well as assisting them in identifying counterfeit products and guiding them on the appropriate channels to lodge their grievances.
Borders opening can enhance the flow of food, leading to stability.
The commission suggested that the government consider opening up its borders to enhance the flow of food imports, ultimately leading to market price stabilization. Acting as a mediator, the agency guarantees that damaged or inferior products are either fixed, replaced, or the consumer receives a refund if unsatisfied with their purchase. He expressed dissatisfaction with the rising prices of goods in Nigerian markets as a result of the naira’s recent strengthening against the dollar, stating that this is unacceptable for consumers.
Also, the FCCPC is dedicated to upholding fair competition, safeguarding consumers, and nurturing a controlled marketplace. The goal is to empower citizens to stay vigilant and engage in reporting any infringements, he stated. Responding, the Emir of Bauchi, Dr Rilwanu Sulaiman Adamu, voiced worry about the increase in prices across both formal and informal markets, specifically in food items, leading to hardships for citizens. At a meeting, the District Head of Lame, Alhaji Yakubu Aliyu Lame, who represented the Emir, urged the Federal Government to take immediate steps to lower the cost of food products.
A balanced import and food price is essential to curb hardship.
He emphasized that Nigerians, particularly those in the lower income bracket, are facing hardship and need relief. Rilwanu Suleiman Adamu confirmed that the traditional institution in the state is fully prepared to participate in educating the public about the commission’s activities, ensuring that the awareness campaign reaches its intended audience. Various individuals attended the event, such as district heads from the Bauchi CAN Chairman Abraham Damina, Bauchi Emirate, and former Secretary of the Bauchi State Shari’a Commission, Ustaz Tijjani Sa’id. They all expressed their commitment to raising awareness among their communities about the commission’s work.
On the other hand, reopening the borders to allow legal food imports could potentially harm local farmers and producers. The influx of foreign goods could intensify competition, potentially jeopardizing the ability of local businesses to stay competitive and maintain their livelihoods. However, finding a balance between enabling food imports for Security and backing local farming is crucial for sustainable economic progression. Moreover, while the FCCPC’s vigilance in regulating market rates and averting exploitation is praiseworthy, it is imperative for consumers to comprehend their entitlements and obligations.
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Raising consumer awareness and equipping people with knowledge will lead to a marketplace that is transparent and answerable. This will safeguard consumers from unjust practices and promote responsible consumption. Furthermore, when dealing with the problem of increasing food costs, it’s essential for the government to focus on Sustainable Solutions that tackle the underlying reasons for Inflation and food shortages. By implementing strategic investments in infrastructure, agriculture, and economic strategies that promote sustainable development, they can strengthen the resilience of the food system against external disruptions.