Federal Competition and Consumer Protection Commission
April 12, 2024
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]
Federal Competition and Consumer Protection Commission (FCCPC)
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]
Activitiesedit
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]
Leadershipedit
The agency is led by Babatunde Irukera, who serves as the FCCPC's chief executive officer.[6]
Referencesedit
^Dickson (psybug), Tonye. "Federal Competition and Consumer Protection Commission". Federal Competition and Consumer Protection Commission. Retrieved 2020-09-09.
^"Review of the guidelines issued by the FCCPC". Businessday NG. 2020-02-27. Retrieved 2020-09-09.
^"FTC Signs Updated Memorandum of Understanding with Nigerian Consumer Protection and Criminal Enforcement Authorities". Federal Trade Commission. 2020-10-29. Retrieved 2021-10-02.
^Amuchie, Kizito (29 September 2021). "FCCPC tasks oil marketers on anti-competitive conducts – SundiataPost". Retrieved 2021-10-03.
^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.
^Dickson (psybug), Tonye (2021-09-22). . Federal Competition and Consumer Protection Commission. Archived from the original on 2021-10-02. Retrieved 2021-10-02.
See alsoedit
. Archived from the original on 2020-09-17. Retrieved 2020-09-09.
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federal, competition, consumer, protection, commission, fccpc, highest, federal, competition, regulator, nigeria, fccpc, operates, within, federal, ministry, trade, investment, responsible, protecting, market, competition, promoting, consumer, protection, fccp. 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 Federal Competition and Consumer Protection Commission FCCPC Agency overviewFormed2018 2018 JurisdictionNigeriaHeadquartersMaitama FCT NigeriaAgency executiveBabatunde Irukera Chief Executive OfficerWebsitehttp fccpc gov ng Contents 1 History 2 Activities 3 Leadership 4 References 5 See alsoHistory editIn 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 editGiven 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 editThe agency is led by Babatunde Irukera who serves as the FCCPC s chief executive officer 6 References edit Dickson psybug Tonye Federal Competition and Consumer Protection Commission Federal Competition and Consumer Protection Commission Retrieved 2020 09 09 Review of the guidelines issued by the FCCPC Businessday NG 2020 02 27 Retrieved 2020 09 09 FTC Signs Updated Memorandum of Understanding with Nigerian Consumer Protection and Criminal Enforcement Authorities Federal Trade Commission 2020 10 29 Retrieved 2021 10 02 Amuchie Kizito 29 September 2021 FCCPC tasks oil marketers on anti competitive conducts SundiataPost Retrieved 2021 10 03 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 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 edit FCCPC Act Archived from the original on 2020 09 17 Retrieved 2020 09 09 nbsp This article about government in Nigeria is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Federal Competition and Consumer Protection Commission amp oldid 1177033134, wikipedia, wiki, book, books, library,
