Lagos state threatens to seal supermarkets over non-disclosure of price tags on products

Date:

April 8, 2024.

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Azonuchechi Chukwu.

The Lagos State Government has warned supermarkets and grocery stores throughout the state to display price tags on all products, warning that failure to comply may result in sealing of non-compliant establishments.

The Lagos State Consumer Protection Agency (LASCOPA) made the warning on Saturday, April 6, as a measure to enhance transparency and safeguard consumers from potential price exploitation.

This initiative aims to prevent misunderstandings and inconvenience at the point of sale, fostering a more straightforward and consumer-friendly shopping experience.

“The Lagos State Consumer Protection Agency (LASCOPA) has issued a stern warning to supermarkets and grocery stores within the state regarding the non-disclosure of price tags on products.

“LASCOPA’s warning aims to ensure transparency and protect consumers from potential price exploitation as non-disclosure of price tags can lead to misunderstandings and inconvenience at the point of sale,’’ the statement read in part. More insights

Mr. Afolabi Solebo, the General Manager of LASCOPA, emphasized that the absence of price tags on products infringes upon consumer rights and violates the Lagos State Consumer Protection Agency Law.

He pointed out that this lack of transparency prevents consumers from making informed purchasing decisions. Solebo further highlighted that these practices are in direct contradiction with the Consumer Protection Act, which requires the clear display of prices for goods and services to facilitate informed consumer choices.

He provided the agency’s phone lines – 08124993885, 09064323154, and 08092509777, urging the public to actively participate in safeguarding their consumer rights.(www.naija247news.com).


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Azonuchechi Chukwu
Azonuchechi Chukwuhttps://gravatar.com/azonuchechivchukwu
Azonuchechi Chukwu - Business Journalist at Naija247news.com Azonuchechi Chukwu is a seasoned business journalist contributing to the insightful coverage of economic and financial news at Naija247news.com. With a passion for unraveling the complexities of the business world, Azonuchechi brings a wealth of expertise and dedication to his role. As a Business Journalist, Azonuchechi specializes in providing comprehensive analyses of market trends, corporate developments, and economic indicators. His in-depth reports offer Naija247news.com readers a nuanced understanding of the forces shaping the Nigerian and global business landscapes. Azonuchechi Chukwu's commitment to journalistic excellence is evident in his ability to translate complex financial information into accessible and engaging narratives. Whether exploring stock market fluctuations, corporate strategies, or economic policies, he strives to deliver content that empowers readers with valuable insights. With an educational background in business and a keen interest in the intersection of finance and technology, Azonuchechi stays at the forefront of industry dynamics. His coverage extends beyond traditional financial reporting, encompassing the dynamic realms of fintech, entrepreneurship, and sustainable business practices. Azonuchechi Chukwu's work goes beyond the surface, aiming to foster financial literacy and awareness among Naija247news.com's audience. By demystifying economic complexities and shedding light on emerging opportunities, he plays a pivotal role in keeping readers well-informed in the fast-paced world of business. As Naija247news.com's Business Journalist, Azonuchechi Chukwu continues to make meaningful contributions to the platform's mission of delivering timely, accurate, and relevant business news to its diverse audience. His dedication to journalistic integrity and his ability to navigate the intricacies of the business realm make him an invaluable asset to the Naija247news.com team.

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