The Federal Competition and Consumer Protection Commission (FCCPC) says grain hoarders and smugglers are contributing to food inflation in Nigeria.
The Federal Competition and Consumer Protection Commission says grain hoarders and smugglers are contributing to food inflation in Nigeria.
Bello revealed that FCCPC investigators had discovered that some “unscrupulous grain merchants” were stockpiling newly harvested grains in warehouses to create artificial scarcity, exacerbating food inflation in Nigeria.
In addition to grain hoarding, Bello identified price fixing and artificial barriers imposed by market associations, such as entrance levies, as other unethical practices.
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