The Federal Competition and Consumer Protection Commission (FCCPC) has signed a Memorandum of Understanding (MoU) with the Nigerian Shippers\u2019 Council (NSC) to ensure fair competition among operators in the industry.<\/p>\n\n\n\n
FCCPC\u2019s Chief Executive Officer, Mr Babatunde Irukera, said at the ceremony on Thursday, in Abuja that the move would remove bottlenecks and increase effective commerce in the industry.<\/p>\n\n\n\n
According to him, we are partners in making sure that consumers are treated fairly, market operates robustly and ensure that a playing field is left without entry barriers.<\/p>\n\n\n\n
He expressed optimism that the agreement would become operational as quickly as possible.<\/p>\n\n\n\n
Irukera commended the council\u2019s approach to work with the commission, describing it as collaborative and supportive.<\/p>\n\n\n\n
\u201cFor us, consumption is as much about pricing, as it is with disposable income and with satisfaction.<\/p>\n\n\n\n
\u201cPeople are likely to purchase again if they are satisfied and if there is enough money to purchase again, so, we are partners in making sure that consumers are treated fairly.<\/p>\n\n\n\n
\u201cThe interim payers for the ultimate payers for the service they provide are also entitled to a fair value, for the money proposition.<\/p>\n\n\n\n
\u201cOur work is to find that balance, make sure commerce increases and ensure there are no bottlenecks to commerce.<\/p>\n\n\n\n
\u201cWe will also ensure that those in the business themselves are not bottlenecks to fairness to the citizens of this country,\u2019\u2019 he said.<\/p>\n\n\n\n
The Executive Secretary of the NSC, Mr Emmanuel Jime, described the industry as a very sensitive sector of the economy.<\/p>\n\n\n\n
Jime said the council was involved in costs\u2019 modulation to the extent that ultimate benefits to the consumers were guaranteed.<\/p>\n\n\n\n
\u201cCost effectiveness is the key element of how services are delivered and when competition is properly monitored and consumers protected, it impacts costs.<\/p>\n\n\n\n
\u201cWe are sector regulators, we have a common interest and we have to engender a common understanding.<\/p>\n\n\n\n
\u201cThere is a need to have this kind of partnerships,\u2019\u2019 Jime said.<\/p>\n\n\n\n
The FCCPC had in 2021 executed a judicial search warrant and order of the Federal High Court, to actively investigate potential anti-competitive conducts in the shipping industry.<\/p>\n\n\n
The Federal Competition and Consumer Protection Commission (FCCPC) has signed a Memorandum of Understanding (MoU) with the Nigerian Shippers\u2019 Council (NSC) to ensure fair competition among operators in the industry. FCCPC\u2019s Chief Executive Officer, Mr Babatunde Irukera, said at the ceremony on Thursday, in Abuja that the move would remove bottlenecks and increase effective commerce […]<\/p>\n","protected":false},"author":2,"featured_media":26222,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[949,126],"tags":[221,657],"class_list":["post-39825","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-trade-and-industry","tag-fccpc","tag-shippers","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"\n