Nigerian Government Explores Price Controls to Address Rising Costs

Several laws allow Nigerian governments to control prices of goods and services to ensure affordability.

Falana reacted to rising costs in Nigeria under President Tinubu by explaining these price control laws.

The government plans to set up a Commodity Board to assess and regulate food prices and maintain a strategic reserve.

The FCCPC sealed a store for deceptive pricing, showing resolve to protect consumers.

Cement prices were capped between ₦7,000-₦8,000/bag based on public outcry and talks between the government and manufacturers.