The Federal Competition and Consumer Protection Commission (FCCPC) is the highest federal

competition regulator A competition regulator is the institution that oversees the functioning of the markets. And the Law in which it takes cognizance of situations having any type of impediments and distortions on the markets and correct them is the competition law ...

Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...

. The FCCPC operates within the Federal Ministry of Trade and Investment and is responsible for protecting market competition and promoting consumer protection.

History

In 2019, President

Muhammadu Buhari Muhammadu Buhari (born 17 December 1942) is a Nigerian politician and current president of Nigeria since 2015. Buhari is a retired Nigerian Army major general who served as the country's military head of state from 31 December 1983 to 27 Au ...

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. In 2020, the FCCPC signed a "memorandum of understanding" with the U.S.

Federal Trade Commission The Federal Trade Commission (FTC) is an independent agency of the United States government whose principal mission is the enforcement of civil (non-criminal) antitrust law and the promotion of consumer protection. The FTC shares jurisdiction ov ...

(FTC), pledging international cooperation in the realm of consumer protection efforts.

Activities

Given the significance of the

petroleum industry in Nigeria Nigeria is the second largest oil and gas producer in Africa. Crude oil from the Niger delta basin comes in two types: light, and comparatively heavy – the lighter has around 36 gravity while the heavier has 20–25 gravity. Both types are pa ...

, one of the primary tasks of the FCCPC has been to rein in anti-competitive conduct in the natural gas market. In the realm of consumer protection, the FCCPC has intervened in the

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

sector to protect the rights of patients.

Leadership

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

History

Activities

Leadership

References

See also