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CPPE Tells FCCPC Stop Intimidation of Traders

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▪︎Dr Muda Yusuf,  the CEO of CPPE

The Centre for the Promotion of Private Enterprises (CPPE) has charged at the Federal Competition and Consumer Protection Commission [FCCPC],  to refrain from further intimidation of the operators in the retail sector of the economy most of whom are micro and small businesses, with many in the informal sector.

Dr Muda Yusuf,  the CEO of CPPE,  made the call, while reacting to the last week’s threat by the FCCPC to traverse markets across the country with objective of forcing traders,  supermarkets owners,  market men and women to reduce the  prices of essential food items.


Dr Yusuf,  told journalists in Lagos, at the weekend : ” The FCCPC appears to be unwittingly transforming into a price control agency rather than a consumer protection commission.

The disproportionate focus of the commission on the retail segment of the economy and pricing issues underscores this assertion.

The core mandate of the commission is the creation of a robust competition framework across sectors and protection of consumer rights and interests. 

Consumer protection is not about directly seeking to control price at the retail end of the supply chain.

This is why the CPPE is concerned about the approach, methodology, targeting and the recent threats by the FCCPC to market leaders, traders and supermarket owners.”

The commission seem to be fighting the symptoms rather than dealing with the causes of the current inflationary pressure in the economy. 

Even then, the core mandate of the commission is not to fight inflation. 

The fiscal and monetary authorities are statutorily responsible for macroeconomic policy issues and are better placed to deal with the challenge of  high prices,” he said.

He urges the FCCPC,  to have a proper comprehension of the dynamics of pricing and the key drivers of inflation. 

” These factors include the naira exchange rate depreciation, high energy cost, high cost of logistics, seasonality of food production, high cost of funds, extortions on the highways, high post-harvest losses, high cargo clearing cost, impact of the insecurity on food production, climate change and global factors disrupting supply chains.

” Our view is that the proposal by the FCCPC  is unlikely to yield concrete outcomes.  This is not a sustainable strategy.  

What we need to fix are the fundamentals driving production, operating and distribution costs which resulted in spiraling inflation in the first place. 

 
The dynamics of pricing and prices in an economy are much more complex and fundamental and do not seem aligned with the comprehension of the FCCPC on the issue. The variables are numerous, multidimensional and dynamic. 

It is difficult to make pronouncements on issues profiteering in such circumstances without a rigorous analysis based on data.”

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Lagos, FG Hold Stakeholders’ Meeting Over Coastal Highway Flooding

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The Lagos State Government and the Federal Ministry of Works are meeting with key stakeholders today to address flooding concerns along the Lagos-Calabar Coastal Highway corridor.

The meeting, directed by President Bola Tinubu, brings together officials from the Lagos State Government, the National Assembly, the Federal Ministry of Environment and other stakeholders to agree on lasting solutions.

Minister of Works, Dave Umahi, says the coastal highway did not cause the flooding. Instead, he says the road’s culverts have improved the flow of stormwater, while existing drainage problems and poor waste disposal remain major causes of flooding in affected communities.

Umahi announced plans to build new drainage channels and service lanes, warning that some buildings will be demolished to make way for the project.

He also ordered stricter enforcement against illegal dumping, street trading and illegal parking along the corridor.

Chairman of the Senate Committee on Works, Allwell Heacho Onyesoh, backed the minister’s position, saying experts had shown lawmakers that flooding in Lagos predates the coastal highway.

The Federal Government says the meeting will produce a coordinated plan to improve drainage, protect infrastructure and reduce future flooding.

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Senate hails Nigerian Army at 163

In a statement issued by the Chairman of the Senate Committee on Army, Senator Abdulaziz Musa Yar’Adua (APC, Katsina Central), said this year’s celebration marks 163 years of the Nigerian Army’s service to the nation.

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The Senate on Monday congratulated the Chief of Army Staff, Lieutenant General Waidi Shaibu, officers, soldiers and veterans of the Nigerian Army on the occasion of the 2026 Nigerian Army Day Celebration, describing the anniversary as a significant milestone in the country’s military history.

In a statement issued by the Chairman of the Senate Committee on Army, Senator Abdulaziz Musa Yar’Adua (APC, Katsina Central), said this year’s celebration marks 163 years of the Nigerian Army’s service to the nation

The upper chamber also urged officers and soldiers to remain professional, steadfast and committed to their constitutional responsibilities, assuring them of the Senate’s continued support.

He noted that for more than a century, the Army has remained at the forefront of defending Nigeria’s sovereignty, territorial integrity and national security.

Commenting on the theme of the 2026 celebration, “Protecting the Nation and Serving the People: A Way Forward for the Nigerian Army,” Yar’Adua said it reflects the Army’s constitutional mandate and the importance of strengthening its relationship with the public.

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NGE to host Lateef Jakande 2026 Memorial Lecture: “The Media, INEC, Voters and Path to Credible Elections.”

The Lateef Jakande Memorial Lecture is an annual lecture series instituted by the NGE in 2023 to honour the legacy of Alhaji Lateef Jakande, the late iconic journalist, who was one-time President of the Guild, former Lagos State Governor, and former Minister of Works.

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Photo: Eze Anaba (President) NGE

The Nigerian Guild of Editors (NGE) will on July 23, 2026 host the 4th Lateef Jakande Memorial Lecture in Lagos.

The Lateef Jakande Memorial Lecture is an annual lecture series instituted by the NGE in 2023 to honour the legacy of Alhaji Lateef Jakande, the late iconic journalist, who was one-time President of the Guild, former Lagos State Governor, and former Minister of Works.

In a press statement signed by Eze Anaba (President) and Onuoha Ukeh (General Secretary), the lecture will holds at the Sheraton Hotel, Ikeja, Lagos, with theme: “The Media, INEC, Voters and Path to Credible Elections.” Time is 11am.

The Guild said that Prof Sylvester Odion Akhaine of the Department of Political Science, Lagos State University, will deliver the lecture, with former Governor of Ekiti State, Dr. Kayode Fayemi, as Chairman. Expected at the lecture is Lagos State Governor, Babajide Sanwo-Olu, who is the Chief Host and Special Guest of Honour; Minister of Information and National Orientation, Alhaji Mohammed Idris; elders of the Guild, including former Governor of Ogun State, Chief Segun Osoba and publisher of Vanguard group of newspapers, Uncle Sam Amuka; top government officials, managing directors and editors of print, electronic and online publications and civil society groups.

Also expected at the lecture are Mass Communication and Journalism lecturers and students of Caleb University, Ikorodu, Lagos; Lagos State University, Ojo, Lagos; Yaba College of Technology, Yaba, Lagos and Nigerian Institute of Journalism, Ogba, Lagos.

The statement said that the Lateef Jakande Memorial Lecture brings together media leaders, public officials, and civil society to reflect on nation-building, governance, and the role of the press, describing it as “a fitting tribute to Alhaji Jakande’s legacy, which embodies dedication to journalism, governance, and service to Nigeria.”

It added: “The Lateef Jakande Memorial Lecture continues to serve as a platform for thought leadership, policy debate, and national introspection, while keeping alive the standard Jakande set in journalism and public service.

“The Guild also said that University students are invited to the lecture every year for them “learn the value of service, excellence and dedication to journalism and public service as well as for them to connect with practising journalists who could serve as their role models in the profession.”

The Jakande Memorial Lecture started in 2023, with a lecture delivered by Chief Felix Adenaike, Fellow of the NGE.

In 2024, Prince Nduka Obaigbena, Chairman of ThisDay and Arise Mews TV, spoke on “Rapid Changing Media Landscape: Survival Strategies.”

The third edition last year had the theme: “Journalism and the Challenge of Nation-Building in a Multi-Ethnic Society” and delivered by Bauchi State Governor, His Excellency, Senator Bala Mohammed.

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