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FCCPC flags rising circulation of substandard goods

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The Federal Competition and Consumer Protection Commission (FCCPC) has expressed concern over the increasing prevalence of unsafe and substandard products in Nigerian markets, warning that this trend is eroding consumer trust and undermining the country’s economic integrity.

The Executive Vice Chairman and Chief Executive Officer of the FCCPC, Tunji Bello, raised the alarm on Wednesday in Abuja during the commemoration of World Consumer Rights Day 2026 and the 9th National Consumers Contest Awards.

Speaking on the theme, “Safe Products, Confident Consumers,” Bello said the rising uncertainty around product safety is already affecting market behaviour and consumer confidence.

“We are gathered at a time when product safety has become central to market integrity, consumer confidence, and public welfare. The theme for this year’s celebration, Safe Products, Confident Consumers, captures a simple but important truth: where safety is uncertain, confidence declines.

“And where confidence declines, markets become weaker, less efficient, and less trustworthy. Across several sectors, the Commission continues to encounter products that do not meet basic safety and quality standards. These include improperly labelled goods, products that fall short of essential safety requirements, and, in some cases, conduct that raises concerns about misrepresentation,” he said.

Bello, who was represented by FCCPC’s Director of Surveillance and Investigation, Bola Adeyinka, disclosed that the Commission continues to find a wide range of products failing to meet basic safety and quality standards across multiple sectors.

He noted that these include improperly labelled goods, unsafe products, and instances of misrepresentation by manufacturers and distributors, attributing the problem to weak internal controls, poor compliance culture, and, in some cases, deliberate disregard for regulatory obligations.

Linking product safety directly to economic stability and investor confidence, Bello explained that unsafe markets discourage participation, distort competition, and reduce overall economic efficiency.

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“Some of these failures arise from weak internal controls. Others reflect gaps in compliance culture. In certain instances, there are indications of deliberate disregard for legal and regulatory obligations.

“The effect is immediate and serious. Consumers are exposed to avoidable risks, trust in the market is weakened, and law-abiding businesses are placed at a disadvantage. Product safety, therefore, cannot be treated as a secondary matter. It is a core obligation, with clear public interest consequences.

“This approach aligns with the Federal Government’s ongoing economic reform programme, which focuses on strengthening market integrity, improving consumer confidence and promoting a rules-based business environment,” Bello stated.

He emphasised that consumer protection is not just a regulatory responsibility but a vital pillar for sustainable economic growth. “When markets are safe, reliable, and transparent, they support sustainable growth and give investors greater confidence to participate,” he added.

Bello warned that the Commission would enforce compliance rigorously, stressing that product safety is a legal obligation under the Federal Competition and Consumer Protection Act 2018.

He added that any product posing risks must be addressed immediately. “Consumers are entitled to goods that are safe, durable, and fit for purpose. Businesses are under a duty to ensure that the products they place on the market consistently meet these standards.”

“Where a product presents a risk, the law requires prompt corrective action, including withdrawal, recall, and proper notice to consumers. These are not optional expectations. They are statutory duties,” he said.

The FCCPC has expanded market surveillance and strengthened product testing in key sectors. “Where conduct raises concerns about consumer safety, such matters are investigated. Where breaches are established, appropriate enforcement action is taken in line with our mandate,” Bello added.

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To tackle systemic issues, the Commission is deepening collaboration with other regulators, including the Standards Organisation of Nigeria and the National Agency for Food and Drug Administration and Control.

He explained that these partnerships focus on information sharing, coordinated enforcement, and joint interventions to close regulatory gaps. “Consumer protection is most effective when institutions work in concert. Effective outcomes depend on alignment in standards, consistency in enforcement, and clarity in institutional responsibilities.

“We are pleased to be joined today by the Competition and Consumer Protection Tribunal, the Standards Organisation of Nigeria, the National Agency for Food and Drug Administration and Control, and the Manufacturers Association of Nigeria. Each plays an important role in ensuring that products meet acceptable standards before and after they enter the market. Effective outcomes depend on alignment in standards, consistency in enforcement, and clarity in institutional responsibilities,” Bello said.

Addressing concerns over rising prices, Bello clarified that the FCCPC does not regulate prices but remains committed to tackling unfair practices. “The commission does not control prices. However, fair pricing is an essential part of a well-functioning market. We will continue to act where conduct undermines fairness, transparency, or safety, or otherwise harms consumers in breach of the law.”

He urged manufacturers, importers, and service providers to integrate product safety at every stage of operations.

“Product safety must be built into every stage of your operations, from sourcing and production to distribution and retail. It cannot be treated as an afterthought or as a matter to be addressed only after harm has occurred. Where defects or safety risks are identified, timely corrective action is required. Delay increases exposure, deepens consumer harm, and erodes trust.

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“Failure to act responsibly will attract regulatory response. Compliance is not a favour to the regulator. It is a basic condition for participating in the market. To Nigerian consumers, remain informed, vigilant, and engaged. Ask questions. Examine products before purchase. Pay attention to labelling, quality, and safety information. Report concerns where they arise,” he said.

He also called on consumers to play a more active role in safeguarding the market. “To Nigerian consumers, remain informed, vigilant, and engaged. Ask questions. Examine products before purchase. Pay attention to labelling, quality and safety information,” Bello said.

“Consumer protection is stronger when consumers are informed and active participants in the market.”

Highlighting the role of education, Bello commended participants in the National Consumers Contest, describing them as future advocates of responsible consumption. “Consumer protection is not only about enforcement. It is also about education, awareness, critical thinking, and responsible engagement,” he said.

Nigeria has long struggled with the influx of substandard and counterfeit goods, particularly in food, pharmaceuticals, electronics, and household items. Regulators have repeatedly pointed to porous borders, weak enforcement, and low compliance as key contributors to the problem.

The FCCPC’s renewed efforts signal a tougher regulatory stance, especially as the government seeks to strengthen market institutions under its broader economic reform agenda.

For both consumers and businesses, the commission’s message is clear: restoring trust in Nigeria’s markets requires stricter compliance, stronger enforcement, and more active participation from all stakeholders.

“Safe and reliable markets depend on responsible business conduct, effective regulation, and informed consumer participation. That standard must be upheld consistently,” Bello concluded.

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Oshiomhole seeks ban on MTN, DSTV, read why

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The senator representing Edo North, Adams Oshiomhole, on Tuesday called for the revocation of licences of South African companies operating in Nigeria, including MTN and MultiChoice, owners of DSTV, following renewed xenophobic attacks against Nigerians in South Africa.

The call came as the National Assembly condemned the latest wave of attacks, urging the Federal Government to take immediate diplomatic and protective measures to safeguard Nigerian citizens abroad.

Speaking during plenary, Oshiomhole said Nigeria must respond firmly, invoking the principle of reciprocity in international relations.

He said, “I don’t want this Senate to be shedding tears, to sympathise with those who have died. We didn’t come here to share tears.

“If you hit me, I’ll hit you. I think it is appropriate in diplomacy. It’s an economic struggle.”

The former Edo State governor proposed that Nigeria should nationalise MTN and withdraw its operating licence, arguing that the company repatriates significant revenue while Nigerians face hostility in South Africa.

“This Senate should adopt a position that MTN, a South African company that is cutting away millions of dollars from Nigeria every day, should have Nigeria nationalise it and withdraw its licence,” he said.

According to him, such action would not only serve as a deterrent but also create opportunities for indigenous firms, amid what he described as economic and social targeting of Nigerians abroad.

He extended the call to MultiChoice, urging the Federal Government to revoke DSTV’s licence over alleged exploitative practices.

“I call on the Federal Government to revoke DSTV, which is also a South African company that is cutting away millions of dollars,” he said.

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Oshiomhole linked the recurring tensions to domestic political dynamics in South Africa, noting that anti-immigrant rhetoric had become a feature of its politics and was shaping public attitudes toward foreign nationals, including Nigerians.

“When we hit back, the president of South Africa will go on his knees to recognise that Nigerians cannot be intimidated,” he said.

The senator made the remarks while contributing to a motion sponsored by Osita Izunaso, which was read on the floor by Aniekan Bassey under Senate rules on matters of urgent public importance.

Titled “A call for urgent national diplomatic and humanitarian action to defend the dignity, safety and honour of Nigerian citizens,” the motion highlighted growing concerns over the safety of Nigerians in South Africa.

Also speaking, Senator Victor Umeh described the situation as alarming, warning that Nigerians were living in fear.

“It is worrisome. They are hiding for their lives. They can’t move freely. This is a situation where people are paying good with evil,” he said, referencing Nigeria’s historical support for the anti-apartheid struggle.

Umeh called on the African Union to intervene and impose sanctions, warning that Nigeria could no longer tolerate attacks on its citizens.

“The AU, of which South Africa is a member, should rise now and impose necessary sanctions,” he said, adding that “we cannot allow this to continue.”

Oshiomhole, however, doubled down on calls for economic retaliation, arguing that Nigeria must move beyond rhetoric.

“I don’t want this Senate to be shedding tears to sympathise with those who have died. We didn’t come here to shed tears. I am not going to shed tears. If you hit me, I hit you. I think it is appropriate in diplomacy. It is an economic struggle,” Oshiomhole said.

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He further argued that Nigerians should take advantage of opportunities in the local economy, currently dominated by foreign firms.

Senator Abdul Ningi warned South Africans over recent attacks on Nigerians, threatening that the country would take the fight to their territory.

“If a crime has been committed under the South African law, they have the right to bring any such person to justice, but to kill our people as if we are helpless, we will not allow that.

“If these things continue, we have alternatives, we have options, and therefore, these words should be sent across South Africa. We know where South Africans are, not only in Nigeria but all over Africa, and we can take this fight to their territory,” he said.

Speaking, the Senate President, Godswill Akpabio, decried the attack, adding that the National Assembly would send a joint team to meet with the South-African parliament on the matter.

“This is just not acceptable, this is barbaric, this is cruel, this is unheard of, this is strange behaviour, and we’re not seeing action from the government of South Africa. These are aspects that annoy me,” Akpabio said.

The development underscores mounting pressure on the Federal Government to adopt a tougher stance, as recurring xenophobic violence in South Africa continues to strain diplomatic relations and provoke calls for both economic countermeasures and stronger protections for Nigerians abroad.

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Naira gains, trades 1,365/$ at official FX market

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…NFEM rate — N1,365.2474/$

…Naira strengthens by at least N9

…Black market (Buying and selling rates) — N1,390 — N1,400

The Nigerian naira strengthened against the United States (US) dollar, trading at N1,365.2474 at the Central Bank of Nigeria (CBN) official foreign exchange window on Monday, 4th May, 2026.

According to the data shared on the official platform of the Central Bank of Nigeria (CBN), the naira traded at the Nigerian Foreign Exchange Market (NFEM) rate of N1,365.2474 per dollar and closed at N1,367.5000 per dollar.

Tribune Online reports that the Nigerian currency traded at an NFEM rate of N1,374.9431 on 30th April 2026, which was the previous trading date. Comparing this with the trading rate on Monday, the naira strengthened by at least N9.

At the parallel market, the naira-to-dollar buying rate decreased by N3, while the selling rate increased by N2, compared with the previous trading rate on 30th April, 2026.

According to Aboki FX, the Naira-to-dollar exchange rate at the black market on Monday, 4th May, 2026, was N1,390 for the buying rate and N1,400 per dollar for the selling rate.

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Experts promote rabbit value chain investment

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Experts in animal production have identified rabbit farming as a viable avenue for economic growth, job creation, and improved nutrition in Nigeria.

The experts made this known during a public lecture held at the Bauchi State College of Agriculture on Friday as part of activities marking Rabbit Appetite Day.

Speaking at the event, a registered animal scientist and lecturer at the Federal Polytechnic Damaturu, Sani Muazu, said there was a need to promote both the consumption and commercial production of rabbits across the country.

He described rabbit production as a largely untapped but promising sector capable of contributing significantly to Nigeria’s economy.

“Rabbit farming in Nigeria is still underdeveloped, with only about three to five per cent of the population engaged in the enterprise, mostly at small-scale family levels where farmers keep an average of two to seven breeding females. Despite this, the sector offers vast opportunities for expansion and commercialisation,” he said.

Muazu noted that rabbits are highly productive animals, with a gestation period of about 30 days and the capacity to produce up to 20 or more offspring annually.

He added that their low feeding and housing requirements make them suitable for students, smallholder farmers, and urban residents seeking alternative sources of income.

According to him, rabbit production extends beyond farming to other economic activities such as breeding, feed supply, veterinary services, processing, and marketing.

He also highlighted the nutritional value of rabbit meat, describing it as rich in protein, low in fat, and suitable for addressing protein deficiency in the country.

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On environmental sustainability, Muazu said rabbits require less land and water and emit fewer greenhouse gases compared to larger livestock, making them suitable for climate-smart agriculture, particularly in semi-arid regions.

However, he identified low public awareness and high mortality rates among young rabbits as major challenges hindering the sector’s growth.

He urged students and youths to take advantage of opportunities in rabbit farming by starting small-scale ventures that could grow into profitable agribusinesses, while calling on government and private sector players to invest in the development of the rabbit value chain.

In his remarks, the Provost of the Bauchi State College of Agriculture, Dr Ahmed Isah, described the event as timely and impactful, noting that it would encourage students to embrace self-employment through agriculture.

“Such initiatives are critical in addressing unemployment. Graduates can become employers of labour through ventures like rabbit farming,” he said.

He also encouraged members of the public to engage in rabbit production, describing it as a profitable and easy-to-start enterprise with the potential to improve livelihoods and boost the nation’s economy.

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