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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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FG tells marketers to reflect global oil price drop in petrol prices

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Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, has directed petroleum marketers to immediately reflect the recent decline in global oil prices by reducing the pump prices of Premium Motor Spirit (PMS) and other petroleum products.

Lokpobiri gave the directive at the 2026 Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) General Counsel and Legal Advisers Forum on Monday in Abuja.

The forum is themed “Beyond Compliance Certainty and Investment Confidence in Nigeria’s Petroleum Sector.”

Lokpobiri said that with the de-escalation of tensions between Iran and the United States, there was an expectation that the prices of PMS and other petroleum products would be adjusted downward accordingly.

He expressed concern that the anticipated reduction had yet to be reflected at the pumps, stressing that while market forces under the deregulated regime would ultimately restore price equilibrium, marketers should not exploit the situation to make excessive profits.

The minister said the regulator had a statutory responsibility to ensure that deregulation did not become an avenue for profiteering, adding that this must be carried out in line with the provisions of the Petroleum Industry Act (PIA 2021).

“For too long, the dominant question in our regulatory conversations has been: are operators complying? That question matters. It will always matter. But it is no longer sufficient.

“The more consequential question today is this: are our regulatory authorities doing their job? Is it clear, consistent and predictable enough to give investors the confidence they need to commit capital, not just for one cycle, but for the long term?

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“Compliance is the foundation. Regulatory certainty is the ceiling we must now be building toward,” he said.

Lokpobiri, while urging marketers to comply with the principles of fair pricing to ensure that consumers benefit from the prevailing market realities, urged regulators to move beyond compliance by promoting regulatory certainty to attracting long-term investments.

“The sector is now fully deregulated, a bold reform that President Bola Tinubu had the courage to implement. That decision paved way for the operationalisation of the Dangote Refinery and other refinery projects currently underway.

“It also ensured that artificial scarcity has become a thing of the past.

“You can attest to the fact that since 2023 there has been availability of products in country even with the recent challenges posed by the US-Israeli /Iranian conflict.

“Beyond allowing prices to be determined by market forces, the question is: what is the regulator doing to ensure that consumers receive the correct quantity of product?

“When someone pays for 10 litres of PMS, they should receive exactly 10 litres, not less,” he warned.

Lokpobiri said while compliance with regulations remained fundamental, investors were increasingly interested in jurisdictions with clear, consistent and predictable regulatory frameworks.

He described general counsel as strategic partners whose responsibilities extend beyond interpreting laws to shaping investment decisions, improving regulatory design and supporting national development.

According to him, legal advisers should provide constructive feedback whenever regulations or guidelines create uncertainty that could discourage investment.

He said Nigeria’s petroleum sector was entering a new phase characterised by expanding domestic refining capacity, increased private sector participation and emerging opportunities across the midstream and downstream segments.

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According to him, attracting investments will require policy consistency, transparent regulation, efficient dispute resolution and strong collaboration among government, regulators, industry operators and legal practitioners.

He expressed confidence that the recommendations from the forum would contribute to improving governance, regulatory certainty and investment confidence in Nigeria’s petroleum sector. (NAN)

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Olodo uprising: Tinubu aide faults critics of First Lady’s Akara, Kuli kuli comment

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The Special Assistant to President Bola Tinubu on Social Media, Dada Olusegun, has defended First Lady Oluremi Tinubu’s recent empowerment of micro-traders, saying criticisms of the initiative are driven by ignorance of her record and the role of Nigeria’s informal economy.

In a statement shared on Monday, Olusegun described the backlash over the First Lady’s focus on traders such as akara and kulikuli sellers as a “performative circus of selective amnesia.”

He argued that critics had ignored the numerous interventions carried out by the Renewed Hope Initiative across healthcare, women’s empowerment, support for military widows and persons living with disabilities.

The First Lady, Senator Oluremi Tinubu
The First Lady of Nigeria, Senator Oluremi Tinubu

According to him, the First Lady’s interventions extend beyond petty traders, citing her donation of ₦1bn to the National Cancer Fund for cervical cancer screening and another ₦1bn for tuberculosis diagnostic equipment in Abuja in 2025.

He also referenced the disbursement of ₦250,000 each to 1,709 widows and orphans of fallen military personnel in 2023, as well as ₦200,000 business grants to persons living with disabilities across the 36 states and the Federal Capital Territory.

Olusegun further highlighted the Renewed Hope Initiative’s partnership with the Tony Elumelu Foundation, which targeted 18,500 women nationwide with ₦50,000 grants and the distribution of equipment, including industrial grinding machines, freezers and generators.

He further criticised what he described as an “Olodo uprising” on social media, accusing critics of reacting to trends without researching the facts.

“This entire controversy perfectly mirrors what is now happening with the broader ‘Olodo uprising” across our social platforms. We live in an era where people jump on trending hashtags and soundbites without dedicating a single minute to researching context. Memes are manufactured in seconds; accurate history takes time to read.

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“When the critics are done making their superficial memes, writing cynical captions, and circulating ignorant narratives, the reality on the ground will remain unchanged. They would be better off advising their constituents to find credible means to key into these ongoing government initiatives,” he stated.

He maintained that empowering small-scale traders should not be viewed as “weaponising poverty.”

“According to various economic metrics, the informal sector contributes over 50 per cent of Nigeria’s GDP and accounts for over 80 per cent of employment. The akara fryer, the kulikuli processor, and the petty trader are not just marginal actors; they are the literal shock absorbers of our micro-economy.

“When you give a micro-grant or operational tools to an akara seller, you are not validating poverty; you are reducing immediate operational capital friction, securing food chains at the grassroots, and expanding household income. Mocking these initiatives as ‘petty’ shows a deep-seated contempt for the actual working class of Nigeria,” he said.

Olusegun also defended the political value of grassroots empowerment, saying such interventions create trust among beneficiaries.

He cited the TraderMoni and MarketMoni programmes introduced during former President Muhammadu Buhari’s administration under then Vice President Yemi Osinbajo as examples of initiatives that directly impacted market traders.

“The opposition often wonders why the poorest segments of the population continually familiarise themselves with the All Progressives Congress during elections. The answer is simple: the party meets them at their point of immediate need,” he said.

Olusegun added that Tinubu’s record as former First Lady of Lagos State, a three-term senator and now First Lady of the Federation showed a consistent commitment to structured empowerment programmes.

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“She will not be distracted by digital static from doing what she has mastered over decades: empowering the poorest among us, one structured intervention at a time,” he said.

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Dangote refinery imports first UAE crude cargoes

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The Dangote Refinery has purchased two cargoes of crude oil from the United Arab Emirates, marking its first-ever procurement of Middle Eastern crude as it expands its feedstock sources amid persistent domestic supply constraints.

According to a report by S&P Global Commodity Insights, the two cargoes will be the first sourced by the 700,000-barrels-per-day refinery from any Middle Eastern supplier, signalling a shift from its traditional reliance on Nigerian, African, and United States crude grades.

The report said the purchases followed the resumption of oil exports from the Middle East after the United States and Iran reached an interim peace agreement that restored confidence in shipping through the Strait of Hormuz.

The refinery, designed primarily to process Nigeria’s light sweet crude, has increasingly diversified its crude slate as operations ramp up. S&P Global reported that an agreement between the refinery and the Nigerian National Petroleum Company had guaranteed the supply of between 13 and 15 cargoes of Nigerian crude monthly in naira, helping the refinery reduce its foreign exchange exposure.

However, the arrangement has faced challenges due to inadequate crude availability and operational issues at export terminals. According to the report, Dangote Refinery Chief Executive Officer David Bird had previously disclosed that these constraints had compelled the company to seek additional crude sources outside Nigeria.

The report added that the refinery’s expansion plans would further increase its crude requirements. Dangote plans to double the refinery’s processing capacity to 1.4 million barrels per day by the end of 2028, a level that would enable it to process about 80 per cent of Nigeria’s recent crude oil production in a single day.

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Speaking earlier this year, Bird said the refinery intended to increase the share of heavier crude grades in its feedstock mix. “We definitely want to heavy up the barrel,” Bird said in April.

He added, “We will be in the crude blending game. So you can easily imagine at 1.4 million b/d we could process 30 per cent Middle Eastern grades on each train.”

According to S&P Global, the refinery has been broadening the range of crude grades it processes as part of its ambition to operate as a fully merchant refinery. The report noted that in 2025, about 70 per cent of the refinery’s crude imports came from Nigeria, while 24 per cent originated from the United States.

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