Inflation: FCCPC to Engage Market Leaders and Others

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Ambassador Seeks ftan’s collaboration to market Ethiopian Cultural tourism offerings in Nigeria* By Frank Meke Ethiopian Ambassador Extraordinary and Plenipotentiary to Nigeria, His Excellency Legesse Gerenew Haile says his country, Ethiopia is ready to open up and excite the cultural tourism trade link with Nigeria which will help boost the three trillion dollars intra Africa continental economy. The Ambassador, who is barely a month in office in Nigeria, disclosed that Nigeria is a huge cultural tourism source market in Africa and holds a top place in his heart, hence his focal intention to collaborate with the Nigerian private sector premier umbrella tourism trade organisation, Federation of Tourism Associations of Nigeria ( ftan) to market Ethiopian tourism in Nigeria. Addressing ftan delegation led by the president, Mr Nkereweum Onung at the Ethiopian Embassy in Abuja on Wednesday, the Ambassador, noted that he has followed with keen interest the various activities of the Nigerian private sector tourism federation since assumption of office, hence his invitation to the association leadership to find ways to drive the Ethiopian Nigeria tourism trade relations. ” I must express my gratitude to have you and your team here today in our embassy, which I believe would activate one of the biggest cultural tourism economic developments in Africa. Ethiopia is not strange to Nigerians, but we want to further escalate the various cultural tourism offerings in our country to Nigerians, which would cement and boost closer relationship with Nigerians in particular and other African nations in general ” the Ambassador explained further. He stressed his resolve to collaborate and engage the Nigerian tourism federation to change the cultural tourism trade narratives between both countries, adding that his mission in Nigeria is to accomplish the all-important goal while here in Nigeria without let. ” Ethiopia is ready and willing to welcome Nigerians to our country. We love Nigerians and will like them to know more about us apart from our airline and airport in addis Ababa. We have several historical and religious sites in our country, and our hospitality is top notch with vibrant trade groups and bodies such as your federation, which through our ministry of tourism, we can invite to sit down with you to find ways to work out specific opportunities to boost this relationship. Part of my mission here is to facilitate this opportunity, and I am happy to receive your group here today, ” the ambassador reiterated. In his remarks, ftan president, Mr Nkereweum Onung, commended the initiative of the Ambassador, describing it as the first pro African cultural tourism diplomatic agenda focal to practical mobilisation of cultural tourism diversity of the intra Africa continental trade economy which still begs for breaking down of various barriers to its operational survival. ” we at ftan commend your vision to partner with our organisation which has over 14 sub trade associations under its umbrella. We promise and assure you that we shall process this invitation and support it. We know the Ethiopian airline brand, which is quite huge and proudly African, and to which Nigerians patronise without let. Your tourism and hospitality infrastructure is also exciting, and we shall see how your visa regime works out and that includes other opportunities that would facilitate this collaboration. We shall not rule out intentional trade missions to both countries to further study how to perfect the initiative and in the areas of training and retraining offerings, ” ftan president further noted. Ftan president who took time to also introduce the newly elected president of the Association of Tourism Practitioners of Nigeria ( Atpn) Prince Femi Fadina, who was part of his entourage, and praised the Ambassador for the call for collaboration which other African Ambassadors must emulate to practically oxygenate the three trillion dollars inter African continental trade economy. In another trade visit to the Director General, National Council for Arts and Culture ( NCAC) Obi Asika in Abuja, ftan president stated that any cultural tourism policy which did not have the input and support of the Federation of Tourism Associations of Nigeria, will only end as an excise in vain, assuring the NCAC boss of the collaboration and support of the Federation. ” we want to work with you and is happy that both culture and tourism are on the same boat now but we want to see a more practical robust relationship as was done by your predecessor and to which we believe you can take to a higher level of delivery responsibilities.” Ftan president noted. Earlier, the NCAC Director General explained that his focal agenda is to create an enabling environment to which the private sector can effectively own the cultural tourism business in Nigeria to help boost trade revenue and also create jobs for teeming unemployed Nigerians. ” I am a policy person and not really a politician, and I am open to effectual collaboration and relationship with the Federation of Tourism Associations of Nigeria ( ftan). Before you came, I had hosted some trade associations, and I wonder how I will process all of them individually, so I am happy to have you around and look forward to where we all, possibly with the ministry would sit down in serious working session to evaluate our expectations and see to how the Federation can help us add value to various cultural tourism policies which should be driven by the organised private sector with government providing guidance and support where necessary ” Mr obi Asika reiterated . The NCAC boss used the opportunity to officially invite the ftan delegation to the command flag off of the National festival of Arts and Culture ( Nafest) on Saturday in Abuja, adding that the festival would run through the 24th to 30th of November in Abuja

the coming days, the Federal Competition and Consumer Protection Commission (FCCPC) will be engaging leaders of markets and others in the supply and distribution chain across the nation as part of a broader initiative to check exploitative pricing of consumer goods.

While it is recognized that the exchange rate has impacted the value of the Naira, it is however observed that prices charged are, in most cases, disproportionate for imported products and excessive for locally produced ones.

This unfair practice is prevalent in the retail segment of the distribution chain where some market associations are engaged in price fixing at the expense of consumers.

Working with the market leaders, the Commission believes an understanding can be reached on reasonable pricing of products with a view to eschewing undue profiteering at the expense of consumers at a time of economic challenges.

Such interaction will be sustained by the Commission to foster a better market culture that makes allowance for the trader’s margin without leaving buyers exploited.

The Commission’s advocacy for Nigerian consumers in this direction is consistent with the renewed hope agenda of President Bola Tinubu.

Already, the Commission has mandated the operators of supermarkets to visibly display the prices of products displayed on their shelves to shoppers for transparency and avoid an ambush situation where they only get to know of the prices after payment would have been made at the counter and receipt issued.

Mr. Tunji Bello,
Executive Vice Chairman/Chief Executive Officer

@NigeriaGov @NGRSenate @HouseNGR @TradeInvestNG

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