FCCPC begins expanded investigations into airfare price increase

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The Federal Competition and Consumer Protection Commission (FCCPC) has announced an enlarged probe into the alleged arbitrary increase in airfare by the majority of Nigerian airlines in response to the recent national outcry.

According to ZINGTIE, several domestic airlines, particularly those operating local routes, are already charging exorbitant ticket prices because to templates.

The Nigerian Senate recently held lengthy discussions about the issue and demanded a thorough inquiry.

The lawmakers said that domestic airlines were seriously exploiting their customers.

Festive seasons are when the alleged concerted manipulation of airline ticket pricing is most noticeable.

In a statement released on Friday, Mr. Ondaje Ijagwu, the FCCP’s Director of Corporate Affairs, stated the organization has started a more thorough inquiry.

The director cited FCCPC Executive Vice Chairman Mr. Tunji Bello as stating that “the Commission would not hesitate to act where evidence showed that consumers welfare or market competitiveness were being undermined.

”For the avoidance of doubt, we are not a price control board but the FCCPAct 2018 empowers us to check the exploitation of consumers.

”When we receive petitions or where we find cogent evidence, we will not stand by and watch Nigerian consumers being exploited under any guise.

”Given the arbitrary spike in airfares, the Commission is extending its review of pricing patterns, the basis for the increases reported by consumers, and any practices that could undermine fair competition.

”Where evidence confirms a breach of the Act, FCCPC will apply appropriate enforcement measures”, Bello said.

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