And the sad part is that not only have the price of goods, fuel, gas and e.t.c increased rapidly in the past few weeks, but of recent, I'm sure we all saw the news about Multi Choice (i.e Dstv & Gotv) monthly subscription price been hike, while claiming that the high cost of electricity, generator operations and poor access to dollars were the reason for it's increase of it's current monthly subscription, of which this has made me to ask myself, what have we done to deserve all these. But however, I'm happy "Federal Competition and Consumer Protection Commission (FCCPC)," a body which has never been fully functioning has now been seen trying it's best to regulate the price of good and services. Of which if only politics influence and Godfatherism could allow this people do their job, we are likely to see great results.
However, if the price of fuel, cooking gas and diesel comes down, them there is a high tendency the price of goods and services will immediately follow sort
Topic: What has the FCCPC achieved? - page 2. (Read 186 times)
The price of meat increased. The price of bread did not fall. 5Alive and others prices are still not decreased in price. Should I say thanks to Dangote for crashing the price of AGO. We heard that the government refinery in Port Harcourt will be fully functional in April, but you can see fuel scarcity again instead and this is 28th of April. Fuel that we expected to be sold for 500 naira per liter is still 650 naira per liter.
Because of price control of local products, the federal government told Federal Competition & Consumer Protection (FCCPC) to try to regulate the price of goods in the country. They locked supermarket and doing as if something good as been done but nothing is coming down in price.
Two or three days ago, see what Indomie company’s Group Corporate Communications and Event Manager said in an interview:
The government were able to manipulate the price of naira up and the price of AGO also continue to increase which makes those local firms and companies to increase the price of goods and services, making the retail prices to be significantly high. Now the price of naira increased, AGO price decreased but most local products prices has not reduced and some still increased in price. Just Indomie and rice price that I know decreased in price among the consumable products. Almost all other products prices are still high.
I think the major reason the prices of local products are still high is because of transportation, by the time this traders go to the rural areas to buy this product and transport them at a very high transportation fee, they add that to the price of the goods they are selling. Imagine transporting trailer loads of fresh tomato from the North to south with over a thousand Naira for a litre of diesel. Because of price control of local products, the federal government told Federal Competition & Consumer Protection (FCCPC) to try to regulate the price of goods in the country. They locked supermarket and doing as if something good as been done but nothing is coming down in price.
Two or three days ago, see what Indomie company’s Group Corporate Communications and Event Manager said in an interview:
Temitope Ashiwaju, the company’s Group Corporate Communications and Event Manager, made the clarification in an interview with the News Agency of Nigeria on Saturday in Lagos.
Ms Ashiwaju said that the clarification became imperative to correct the wrong narrative about the reason for price adjustment for the product recently. He said that the company was also affected by the economic realities, hence the reason for increase in prices of indomie noodles in the past.
“For a listening company such as ours, we felt at some point in time, against our operational cost to adjust when things started to improve. “We had a price reduction, which is not one of those characters that is usually found with some other companies.
“Nigerians are quick to adjust prices when it is going up and favour them, but when prices go down, they are slow to do that. This is not our character at Indomie,” he said
Ms Ashiwaju said that the clarification became imperative to correct the wrong narrative about the reason for price adjustment for the product recently. He said that the company was also affected by the economic realities, hence the reason for increase in prices of indomie noodles in the past.
“For a listening company such as ours, we felt at some point in time, against our operational cost to adjust when things started to improve. “We had a price reduction, which is not one of those characters that is usually found with some other companies.
“Nigerians are quick to adjust prices when it is going up and favour them, but when prices go down, they are slow to do that. This is not our character at Indomie,” he said
The government were able to manipulate the price of naira up and the price of AGO also continue to increase which makes those local firms and companies to increase the price of goods and services, making the retail prices to be significantly high. Now the price of naira increased, AGO price decreased but most local products prices has not reduced and some still increased in price. Just Indomie and rice price that I know decreased in price among the consumable products. Almost all other products prices are still high.
As for the port Harcourt refinery it is not going to function anytime soon, I think whatever they are saying about the refinery coming into full operation is just to play to the gallery, the refinery needs total overhauling and the federal Government has not invested the required amount to make it come into full operation. however there is still foul play considering that the federal Government is still paying fuel subsidy and to corner some money to their pocket, because they are still paying the independent marketers who bring this product from overseas.
As for the federal government agency that has been deployed to checkmate the activities of traders, I feel for them to get significant result for this actions they've been taken so far, it's for their regional branches those in the state government and local government to go into the markets to implement and checkmate some of these excesses of traders. in doing that, people will start seeing result.
The price of meat increased. The price of bread did not fall. 5Alive and others prices are still not decreased in price. Should I say thanks to Dangote for crashing the price of AGO. We heard that the government refinery in Port Harcourt will be fully functional in April, but you can see fuel scarcity again instead and this is 28th of April. Fuel that we expected to be sold for 500 naira per liter is still 650 naira per liter.
Because of price control of local products, the federal government told Federal Competition & Consumer Protection (FCCPC) to try to regulate the price of goods in the country. They locked supermarket and doing as if something good as been done but nothing is coming down in price.
The issue of price control is more less a helpless one because the problem is multifaceted and even government have a fair share of the blame. Government over the years have made policies that created monopoly in some sectors which is against the principle of fair competition. Till date, just few individuals have license to produce salt, sugar and even cement and to secure such license, you need very high political connection. How will the forces of demand and supply drive the market when there is already monopoly. On the aspect of refined product, we should never expect to see the prices low because Dangote is just a front man for the high and mighty of this country, they are there to make money off Nigerians and they do not care about anyone. I was talking with someone today that the scarcity we are seeing now is just to manipulate the price ahead of the time their product will hit the market. They might be planning to shift the price higher so that when they fix their price at the current market price, we will thank and praise them. As for the AGO price crash, give it time and see that it will just turn out to be another Dangote cement scheme playing out. Lower the price to kick everyone out of the business and then gradually increase the price through the power of monopoly. Because of price control of local products, the federal government told Federal Competition & Consumer Protection (FCCPC) to try to regulate the price of goods in the country. They locked supermarket and doing as if something good as been done but nothing is coming down in price.
I neva no how man pikin go take survive 4 dis kind contri self. Beans wey poor man dey take manage life,dem don increase the price and since then e no gree com down again. See garri wey we dey take sustain especially when nothing dey houze,you fit just soaked your garri with water,the price of garri don climb to N100,000 a bag. All diz big men for our contri dey very wicked,as average man come dey manage afford Gotv and star time,dem don rush go increase the price.I say make I go buy meat of 2k for market,come see wetin dem sell for me tears almost comot for my eyes. See eh,i Neva see wetin FCCPC don achieve so far o
Fuel prices seem to vary based on which filling station you buy from. Today I just bought gas at 680 per litre and refilled gas at an average price of 1280 per kg.
The price of things is still getting worse every day; today you might see it come down, and the next day you will see it go up again.
Sometimes 2-3 weeks ago I bought the small indomitable chicken flavour at 7500 due to the price they said they had reduced, but today I bought 1 carton at 8500, which is a 1000 difference in an interval of weeks.
The price of things is still getting worse every day; today you might see it come down, and the next day you will see it go up again.
Sometimes 2-3 weeks ago I bought the small indomitable chicken flavour at 7500 due to the price they said they had reduced, but today I bought 1 carton at 8500, which is a 1000 difference in an interval of weeks.
This is even the reason I stopped listening to Nigerian news because what is the essence of listening to a news and later they do otherwise or refuse to do what they preach. There is no agency in this country that has not been compromised one way or the other and I don't even know if we have a ministry of industry, trade and investment in this country because situations like this is where they are required to play important roles.
For me let the naira keep on rising if they don't want to reduce the price of things in the country because na all of us go suffer am together na, if you get garri dey sell am for high price athink you go need to go market go buy things wey you go take make soup chop your garri, the same way you take sell your garri na so you go take buy things wey you go take make soup so wayo no dey am at all.
If no be say people reduce to dey chop indomie and rice then for no even reduce the price because as them dey experience low patronage naim make them reduce the prices if not their mind hard like rock. Make Dem still continue to dey manipulate the naira anyhow Dem like na the common man naim I dey pity because all this things no dey touch rich men at all because Dem no dey experience hardship but make Dem know say all this things wey dem dey do na to endanger the country because the rate of crime go increase and people no go dey obey law and order for the country which is very bad because what will a lawless country become? Ground of hoodlums, criminals, fraudsters, scammers, kidnapping and even fights for survival. This matter don tire person like this o
For me let the naira keep on rising if they don't want to reduce the price of things in the country because na all of us go suffer am together na, if you get garri dey sell am for high price athink you go need to go market go buy things wey you go take make soup chop your garri, the same way you take sell your garri na so you go take buy things wey you go take make soup so wayo no dey am at all.
If no be say people reduce to dey chop indomie and rice then for no even reduce the price because as them dey experience low patronage naim make them reduce the prices if not their mind hard like rock. Make Dem still continue to dey manipulate the naira anyhow Dem like na the common man naim I dey pity because all this things no dey touch rich men at all because Dem no dey experience hardship but make Dem know say all this things wey dem dey do na to endanger the country because the rate of crime go increase and people no go dey obey law and order for the country which is very bad because what will a lawless country become? Ground of hoodlums, criminals, fraudsters, scammers, kidnapping and even fights for survival. This matter don tire person like this o
The price of meat increased. The price of bread did not fall. 5Alive and others prices are still not decreased in price. Should I say thanks to Dangote for crashing the price of AGO. We heard that the government refinery in Port Harcourt will be fully functional in April, but you can see fuel scarcity again instead and this is 28th of April. Fuel that we expected to be sold for 500 naira per liter is still 650 naira per liter.
Because of price control of local products, the federal government told Federal Competition & Consumer Protection (FCCPC) to try to regulate the price of goods in the country. They locked supermarket and doing as if something good as been done but nothing is coming down in price.
Two or three days ago, see what Indomie company’s Group Corporate Communications and Event Manager said in an interview:
The government were able to manipulate the price of naira up and the price of AGO also continue to increase which makes those local firms and companies to increase the price of goods and services, making the retail prices to be significantly high. Now the price of naira increased, AGO price decreased but most local products prices has not reduced and some still increased in price. Just Indomie and rice price that I know decreased in price among the consumable products. Almost all other products prices are still high.
Because of price control of local products, the federal government told Federal Competition & Consumer Protection (FCCPC) to try to regulate the price of goods in the country. They locked supermarket and doing as if something good as been done but nothing is coming down in price.
Two or three days ago, see what Indomie company’s Group Corporate Communications and Event Manager said in an interview:
Temitope Ashiwaju, the company’s Group Corporate Communications and Event Manager, made the clarification in an interview with the News Agency of Nigeria on Saturday in Lagos.
Ms Ashiwaju said that the clarification became imperative to correct the wrong narrative about the reason for price adjustment for the product recently. He said that the company was also affected by the economic realities, hence the reason for increase in prices of indomie noodles in the past.
“For a listening company such as ours, we felt at some point in time, against our operational cost to adjust when things started to improve. “We had a price reduction, which is not one of those characters that is usually found with some other companies.
“Nigerians are quick to adjust prices when it is going up and favour them, but when prices go down, they are slow to do that. This is not our character at Indomie,” he said
Ms Ashiwaju said that the clarification became imperative to correct the wrong narrative about the reason for price adjustment for the product recently. He said that the company was also affected by the economic realities, hence the reason for increase in prices of indomie noodles in the past.
“For a listening company such as ours, we felt at some point in time, against our operational cost to adjust when things started to improve. “We had a price reduction, which is not one of those characters that is usually found with some other companies.
“Nigerians are quick to adjust prices when it is going up and favour them, but when prices go down, they are slow to do that. This is not our character at Indomie,” he said
The government were able to manipulate the price of naira up and the price of AGO also continue to increase which makes those local firms and companies to increase the price of goods and services, making the retail prices to be significantly high. Now the price of naira increased, AGO price decreased but most local products prices has not reduced and some still increased in price. Just Indomie and rice price that I know decreased in price among the consumable products. Almost all other products prices are still high.
Jump to: