[REVISION HISTORY]

FCCPC regulatory oversight in Nigeria

Updated 3 times since CLSTR started tracking revisions of this situation.

What changed

2026-08-19 20:13 UTC → 2026-08-23 18:52 UTC · added ~~removed~~

The Federal Competition and Consumer Protection Commission (FCCPC) has intensified its oversight of various sectors in Nigeria to protect consumer interests. ~~Initially, the commission focused on~~ In the bakery and confectionery industry, ~~urging~~ the commission has urged operators to improve food safety, hygiene, and labeling ~~accuracy following concerns~~ accuracy. During a stakeholder engagement in Lagos, FCCPC Executive Vice Chairman Tunji Bello called for comprehensive reviews of ingredients and traceability protocols. This follows alarms from food safety experts regarding the illegal use of potassium bromate, a banned carcinogenic bread improver. Research from the University of Lagos indicated the presence of bromate in wheat flour and finished bread, with some products being falsely labeled as ‘bromate-free’ or remaining unregistered ~~products.~~ with NAFDAC. Expanding its regulatory scope, the FCCPC has launched a formal investigation into potential price manipulation within the cement market. ~~This follows a three-month cross-border study~~ A 40-page report by the commission’s Anticompetitive Practices ~~Department, which produced a 40-page report suggesting~~ Department suggests that cement prices remain high despite substantial limestone deposits and a reported surplus production capacity. While domestic consumption is approximately 25–30 million metric tonnes, the installed production capacity exceeds 60 million metric tonnes. The probe specifically examines the three largest producers—Dangote Cement Plc, BUA Cement Plc, and HBM Nigeria—noting that these companies reported a combined profit after tax exceeding ₦1.17 trillion for the first half of 2026. During this period, the price of a 50kg bag of cement rose from roughly ₦9,300–₦9,700 in January to as high as ₦15,000 in some locations by July. Recent findings from the commission’s study indicate that Nigerian cement prices are higher than those in several neighboring African countries, including Kenya, Tanzania, South Africa, Egypt, Morocco, Algeria, and Togo. The FCCPC has summoned major industry players to provide details on pricing methodologies and capacity utilization. Investigators are examining whether energy costs and currency depreciation justify the hikes, or if companies have engaged in coordinated pricing and restricted supply. Throughout these actions, FCCPC Executive Vice Chairman Tunji Bello has maintained that economic pressures and rising input costs do not justify the use of unsafe substitutes or the compromise of product quality.

Versions

Only revisions since CLSTR began indexing content versions appear here. Select a version to see what changed compared to the one before it.