Traders call for urgent enactment of Competition Bill

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.