Traders call for ur­gent en­act­ment of Com­pe­ti­tion Bill

Daily Trust - - BUSINESS - By Fran­cis I. Arinze

The busi­ness com­mu­ni­ties in Kano and Kaduna have called on the Na­tional Assem­bly to has­ten de­lib­er­a­tions to­wards the pas­sage of the Com­pe­ti­tion Bill into law.

The busi­ness­men and women in the two states em­pha­sised the im­por­tance of the bill in a joint state­ment re­leased yes­ter­day.

They said the ab­sence of Com­pe­ti­tion Law was caus­ing too many ir­reg­u­lar­i­ties in the mar­ket en­vi­ron­ment.

In the state­ment, the busi­ness groups noted some of the prob­lems thriv­ing as a re­sult of an ab­sence of the Com­pe­ti­tion Bill to in­clude price fix­ing by a dom­i­nant firm or by a group of firms in con­cert; al­lo­ca­tion and re­stric­tion of mar­kets along ge­o­graph­i­cal or prod­uct lines; ex­clu­sion of par­tic­u­lar deal­ers or sup­pli­ers; col­lu­sive ten­der­ing or bid rig­ging; form­ing and op­er­at­ing ex­clu­sive car­tels to keep new en­trants away from the mar­ket, and all other prac­tices that seek to take ad­van­tage of the con­sumer.

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