Federal_Competition_and_Consumer_Protection_Commission_(FCCPC)

Federal Competition and Consumer Protection Commission

Federal Competition and Consumer Protection Commission

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The Federal Competition and Consumer Protection Commission (FCCPC) is the highest federal competition regulator in Nigeria. The FCCPC operates within the Federal Ministry of Trade and Investment and is responsible for protecting market competition and promoting consumer protection.[1]

Quick Facts Agency overview, Formed ...

History

In 2019, President Muhammadu Buhari signed into law the Federal Competition and Consumer Protection Act, thereby creating the agency. The agency's purpose is to develop and promote fair, efficient and competitive markets in the Nigerian economy and to also facilitate access by all citizens to safe products and secure the protection of rights for all consumers in Nigeria.[2]

In 2020, the FCCPC signed a "memorandum of understanding" with the U.S. Federal Trade Commission (FTC), pledging international cooperation in the realm of consumer protection efforts.[3]

Activities

Given the significance of the petroleum industry in Nigeria, one of the primary tasks of the FCCPC has been to rein in anti-competitive conduct in the natural gas market.[4] In the realm of consumer protection, the FCCPC has intervened in the healthcare sector to protect the rights of patients.[5]

Leadership

The agency is led by Babatunde Irukera, who serves as the FCCPC's chief executive officer.[6]

References

  1. [1]
    Dickson (psybug), Tonye. "Federal Competition and Consumer Protection Commission". Federal Competition and Consumer Protection Commission. Retrieved 2020-09-09.
  2. [2]
    "Review of the guidelines issued by the FCCPC". Businessday NG. 2020-02-27. Retrieved 2020-09-09.
  3. [3]
    "FTC Signs Updated Memorandum of Understanding with Nigerian Consumer Protection and Criminal Enforcement Authorities". Federal Trade Commission. 2020-10-29. Retrieved 2021-10-02.
  4. [4]
    Amuchie, Kizito (29 September 2021). "FCCPC tasks oil marketers on anti-competitive conducts – SundiataPost". Retrieved 2021-10-03.
  5. [5]
    Alu, Kingsley (2021-09-24). "Patients Bill Of Rights: FCCPC Engages Doctors Over Implementation". Leadership News - Nigeria News, Breaking News, Politics and more. Retrieved 2021-10-03.
  6. [6]
    Dickson (psybug), Tonye (2021-09-22). "Babatunde Irukera". Federal Competition and Consumer Protection Commission. Archived from the original on 2021-10-02. Retrieved 2021-10-02.

See also

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