The newly appointed Vice Chairman of the FCCPC, Tunji Bello, who said this at a one-day stakeholders engagement on exploitative pricing in Abuja, noted that the commission will begin enforcement after the moratorium.
He said the meeting was to address the growing trend of unreasonable pricing of consumer goods and services and the unwholesome practice of market associations.
Bello who also wondered the basis for the arbitrary hike in the price said the unwholesome practices including price fixing were threatening the stability of the economy.
The Chairman, National Association of Nigerian Traders in Abuja, Ifeanyi Okonkwo, said charges on imported goods at the Ports also contribute to the hike in prices.
Okonkwo appealed to the Commission to set up a task force and involve the association in its enforcement.
