ADVERTISEMENT

FCCPC begins fact-finding engagements in markets to crash food prices

Some traders, who spoke during the engagement said the prices of their goods had tripled from their suppliers hence the reason for the hike of prices on consumers.

Federal Competition and Consumer Protection Commission (FCCPC) officials (Credit: Premium Times Nigeria)

Ms Boladale Adeyinka, the Director of Surveillance and Investigations of the Commission, said on Friday at Masaka Village market, Karu Local Government, Nasarawa State, that the mission was geared toward crashing the prices of food.

Adeyinka said that the findings in the market showed that transportation costs from the farm to the market and multiple taxation were major reasons for the high cost of food in the markets.

She said that other factors like the high cost of pesticides and insecurity had also contributed to the hike in food prices.

ADVERTISEMENT

Adeyinka said the Commission would develop a concise report of all the multiple taxes and advise the government on how to unlock, remove or reduce the taxes.

“This is a fact-finding mission, an investigative mission to gather information directly from the sources. The food price campaign continues.

“We are here to come and find out from three levels of stakeholders market executives, sellers and consumers.

“This is a big market for direct food supply from the farms to the market so we wanted to see the value chain interacting with cost variables.

“We had a meeting with the market executives to find out if they are issuing levies, taxes, things that are added to the cost starting from the farmer to the sellers,’’ she said.

ADVERTISEMENT

Chief Danlami Gimba, the General Chairman, of Masaka Market, Karu, said that transportation was the major cause of the hike in food prices.

Gimba appealed to the government to reduce the price of petrol to help reduce transportation costs which would help reduce the prices of food items.

Some traders, who spoke during the engagement said the prices of their goods had tripled from their suppliers hence the reason for the hike of prices on consumers.

Mrs Naomi Zakari, a yam dealer at the market, said that one trip of yam containing 100 tubers that were sold to them in Benue State for N15,000 is now being sold for N50,000.

She said the suppliers had attributed the hike in the price to the high cost of pesticides, fertilisers and transportation.

ADVERTISEMENT

Zakaria, however, appealed to the Federal Government to reduce the price of fuel.

Miss Faith Wakili, a seller of maize said that even the dealers were also complaining of the hike in price, adding that hunger was ravaging many households.

The News Agency of Nigeria (NAN) reports that FCCPC would take its engagement to various markets in and out of the Federal Capital Territory (FCT).

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Ibrahim Lamorde: Ex-EFCC boss to be buried today

Ibrahim Lamorde: Ex-EFCC boss to be buried today

NLC President calls for better pay, insurance, pensions for Nigerian journalists

NLC President calls for better pay, insurance, pensions for Nigerian journalists

2027: Why Peter Obi may consider merger - Tanko

2027: Why Peter Obi may consider merger - Tanko

Gov Sani inaugurates new secondary school, plans for 50 more in Kaduna

Gov Sani inaugurates new secondary school, plans for 50 more in Kaduna

Sen Nwoko wants Senate to probe sack of 317 CBN workers

Sen Nwoko wants Senate to probe sack of 317 CBN workers

Keyamo declares war against touts at international airports in Nigeria

Keyamo declares war against touts at international airports in Nigeria

You weren’t a better president  —  APC lambasts Obasanjo for criticising Tinubu

You weren’t a better president  —  APC lambasts Obasanjo for criticising Tinubu

Kogi govt vows to punish principals who charge fees to sabotage free education policy

Kogi govt vows to punish principals who charge fees to sabotage free education policy

Bayero sent out of palace as court orders him to stop parading himself as Emir

Bayero sent out of palace as court orders him to stop parading himself as Emir

Pulse Sports

Olanrewaju Kayode Net Worth: Profile, Age, Salary, Wife, House, Cars, How Rich is he in 2024?

Olanrewaju Kayode Net Worth: Profile, Age, Salary, Wife, House, Cars, How Rich is he in 2024?

Naija Stars Abroad: Maduka Okoye justifies Finidi George's call, forgotten Super Eagles star dims red-hot Ademola Lookman, Osimhen

Naija Stars Abroad: Maduka Okoye justifies Finidi George's call, forgotten Super Eagles star dims red-hot Ademola Lookman, Osimhen

No space for Lookman, Osimhen as only two Africans make Forbes’ Top 50 highest-paid athletes

No space for Lookman, Osimhen as only two Africans make Forbes’ Top 50 highest-paid athletes

Lookman frontrunner for NFF Player of the Year after historic Europa League heroics

Lookman frontrunner for NFF Player of the Year after historic Europa League heroics

ADVERTISEMENT
ADVERTISEMENT