The Federal Competition and Consumer Protection Commission (FCCPC) has warned manufacturers of hygiene products, especially hand sanitisers and masks, not to engage in price gouging and arbitrary increase of products.
Describing such actions as amounting to taking advantage of the Nigerian consumers at these trying times, the agency’s Chief Executive Officer, Mr Babatunde Irukera, added that, in spite of the agency’s appeal on February 28, 2020, against arbitrary and unreasonable, unconscionable, excessive and irrational pricing of critical hygiene products (price gouging), some sellers of those products had failed to heed the call of the agency.
According to him, while some had…
Source: Nigerian Tribune