The House of Representatives has passed a resolution urging the Federal Competition and Consumer Protection Commission (FCCPC) to take immediate action to stop unfair business practices against Air Peace, Dangote, and other Nigerian businesses by foreign companies operating in the country [dd910d59]. The House has also directed its Committees on Aviation, Commerce, and Petroleum to investigate predatory pricing practices and unethical business behaviors by foreign airlines and International Oil Companies (IOCs) [dd910d59].
The motion, moved by Hon Babajimi Benson, emphasized the importance of fair and healthy competition in the market and highlighted instances where Air Peace Airlines and Dangote Oil Refinery have faced unfair competition and business relations with their foreign counterparts [dd910d59].
This development underscores the need for regulatory intervention to ensure a level playing field for Nigerian companies and protect them from unfair practices by foreign businesses. The investigation by the House committees will shed light on predatory pricing practices and unethical behaviors that may be harming Nigerian businesses [dd910d59].
