INCREDIBLE: Cement hike and Rice increase are caused by dealers and distributors, not FG – CPC Claims

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Rising costs of commodities in Nigeria - Inflation
Rising costs of commodities in Nigeria - Inflation
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By Princely Onyenwe, Imo

THE CONSUMER PROTECTION COUNCIL, ABIA STATE CHAPTER HAVE RELEASED ITS SPECIAL ANNOUNCEMENT TO CLARIFY THE REASONS BEHIND THE INCREASE IN THE PRICES OF CEMENT AND RICE IN NIGERIAN MARKETS.

The release read as thus;

In accordance with the good governance of DR.OKEZIE IKPEAZU (PhD), the consumer protection council has frowned on the report that cement dealers in Abia State hicked the price of cement during and after the #ENDSARS PROTEST.

The commission in further inquiry with major cement companies was made to know that cement did not add any price from the companies.

Rising costs of commodities in Nigeria - Inflation
Rising costs of commodities in Nigeria – Inflation

During investigations, the commission found out that middle men (DEALER’S/ DISTRIBUTORS) was behind the unbearable hick of the price of cement from N2,550 Naira to N4,500 Naira.

The consumer protection council is making it known to the general public that cement is to be sold at it’s normal price and anybody cought selling cement above N2,550 Naira from Monday 9/11/2020 will not only get his shop, store or warehouse sealed, but will also face the Court of law with immediate effect.

Also, the commission is making it known to the general public that hoarding of products to influence the price is a crime and against the laws of the FEDERAL COMPETITION AND CONSUMER PROTECTION COUNCIL (FCCPC)
and such act will attract sealing of the shops, stores or warehouses and other Court action too.

The Chairman of the consumer protection council in his statement advised the good citizens of Abia State to remain calm in the trial period and keep faith with the government of DR.OKEZIE IKPEAZU.

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SIGNED
SIR NNABUGWU CHIDI
CHAIRMAN CPC
ABIA STATE CHAPTER.

Why are Nigerians causing problems to fellow Nigerians by increasing food items, building materials, transportation fare and possibly fuel and gas pump prices in this time when christmas festivity is near? The people asked?

9News Nigeria (Owerri)
For inquiries on this news contact 9News Nigeria Imo state @ 08036856526

About Princely Onyenwe 73 Articles
Princely Onyenwe A seasoned Investigative Journalist, Civil Rights Activist, and Political Analyst, Currently Editor and News reporter with 9News Nigeria www.9newsng.com www.facebook.com/9newsng

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