Business
CPC Seeks Redress Desks For Supermarkets
The Consumer Protection Council (CPC), has tasked operators of supermarkets to establish consumer redress desks in their shops to handle complaints from customers.
Its Director-General, Mrs Ify Umenyi, gave the directive at a stakeholders’ meeting in Abuja on Tuesday.
She said that such a mechanism would enable the resolution of disputes within the ambit of the law.
“Most shops do not have a good consumer redress mechanism, evidenced by cases the council handles.
“A good redress mechanism would easily avail the consumer of redress where there are issues with the product bought.’’
Umenyi said the council had noticed that some supermarkets stocked goods which had no form of labeling to provide the consumer with adequate information before purchase.
She told operators that products must be appropriately labeled as required by the National Agency for Food, Drug Administration and Control (NAFDAC) and the Standards Organisation of Nigeria (SON).
She advised consumers to demand for receipts after purchase as the receipts described the products bought, price sold, date/time of purchase and name and details of the retailer.
Umenyi urged consumers to avail themselves of warranties on products bought in times of complaints.
“The law provides for manufacturer’s warranty and in some cases, retailers’ warranty.
“In the case of the former, the exercise of consumers’ rights under these warranties must necessarily be done through the retailer.
According to the director-general, it is no excuse for the retailers to claim that they only sell the goods and do not manufacture them.
“They must be the middle man in all situations, it must be noted that where consumers have an assurance of support when a product is faulty, there is likely to be a patronage of the same shop.’’
Also, Mr Yakubu Umar, the Desk Officer of SON’s Conformity Assessment Programme (SONCAP), said the supermarkets must obtain SONCAP certificates before importing anything.
Responding, Mr Salman Mohammed, the Manager of Electronics, “Sahad Stores’’, said there was need for consumers who return goods on warranty grounds not to abuse the privilege.
He said that some customers returned goods they had mismanaged and request an automatic change.
Mohammed said there was need for the supermarkets to be given time to return such goods to the manufacturers.
In his contribution, Mr Mattew Agbi, a representative of “Park n Shop’’, complained that some customers change their minds after purchasing a product and demand for change without any defects on the products.
Agbi called for proper education of consumers on warranty rights to enable them understand and abide by the terms.
Business
SMEs Dev: Firms Launch N100m Loan Scheme
The facility will be disbursed through participating Microfinance Institutions (MFIs), which will in turn extend the loans to their customers, particularly SMEs, as they directly interface with businesses at the grassroots level.
The Executive Director of COMCIN, Mr. Micheal Ogbaa who represented the Chairman, Dr. Iredele Oyedele (FCA, FCCA), said the initiative is designed to strengthen micro-lending institutions and expand access to finance for grassroots entrepreneurs, particularly women and youths in the informal sector.
Ogbaa explained that COMCIN does not lend directly to individuals but works through its network of microfinance and cooperative institutions, which in turn provide loans to end users.
“We came together to advocate for the microfinance ecosystem. Commercial banks often exclude people at the grassroots, but our members are positioned to reach them. This facility will empower them to do more,” he said.
He noted that the loan scheme offers low interest rates and flexible repayment plans, making it more accessible to small business owners.
According to him, about 90 percent of beneficiaries are expected to be women, who play a key role in sustaining families and driving economic activities at the local level.
“Our focus is on traders, service providers, and players in the informal sector. These are the real movers of the economy. By supporting them, we are strengthening families and contributing to national development,” he added.
Ogbaa disclosed that eligible SMEs with proven integrity and business track records could access up to N5 million each through participating micro-lending institutions. The rollout has commenced in Lagos and will extend to Abuja, Enugu, and other regions, including the South-West, South-East, and North-East.
He said 12 micro-lending institutions have already benefited from the scheme, while 85 applications are currently being processed under the pilot phase.
“Our target is to reach at least 100,000 SMEs nationwide. We are building a platform that connects funding partners with credible micro-lending institutions, creating a reliable channel for financial inclusion,” Ogbaa said.
He added that COMCIN is also working to attract larger funding pools from development finance institutions and private investors, noting that successful implementation of the pilot phase would boost confidence and unlock more capital for SMEs.
“We have seen encouraging testimonies from early beneficiaries. As we demonstrate transparency and efficiency, more institutions will be willing to channel funds through us,” he said.
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