Nigerian Government to Sanction Trade Associations over Food Price Hike 

The Federal Government will begin to roll out sanctions against members of trade associations guilty of anti-competitive practices, and indiscriminate and irrational hikes of food prices. <br />Chief Executive Officer of the FCCPC, Babatunde Irukera, says they will continue to monitor the market, and intervene where prices are excessive or find exploitative conduct. <br />Irukera, says some trade unions had constituted cartels to engage in anti-competitive practices that have led to price gouging of basic food items. <br />He noted that taking a hard line against indiscriminate food price hikes had become imperative in light of the president’s declaration of food security as a national emergency last week. <br /><br /><br />This show is part of the Spreaker Prime Network, if you are interested in advertising on this podcast, contact us at <a href="https://www.spreaker.com/show/4166630/advertisement">https://www.spreaker.com/show/4166630/advertisement</a>