Buhari signs bill promoting consumer confidence fair pricing to law official

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President Muhammadu Buhari has signed a bill into law aimed at promoting consumer confidence and fair pricing in Nigeria. The bill, which was passed by the National Assembly, is designed to protect consumers from unfair business practices and ensure that they are treated fairly by businesses.

The law, which takes effect immediately, prohibits businesses from engaging in practices that are likely to deceive or mislead consumers, such as false advertising, hidden charges, and unfair contract terms. It also requires businesses to provide clear and transparent information about their products and services, and to honor their commitments to consumers.

The law also establishes a Consumer Protection Council, which will be responsible for enforcing the law and protecting the rights of consumers. The council will have the power to investigate complaints, impose penalties on businesses that violate the law, and provide education and awareness programs to consumers.

The signing of the bill into law is seen as a major step forward in promoting consumer confidence and fair pricing in Nigeria. It is expected to benefit both consumers and businesses, by creating a more level playing field and promoting trust and confidence in the market.

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