Federal Competition and Consumer Protection Commission


The Federal Competition and Consumer Protection Commission '' is the highest federal competition regulator in Nigeria. The FCCPC operates within the Federal Ministry of Industry, Trade and Investment and is responsible for protecting market competition and promoting consumer protection.

History

The Commission was established by the Federal Competition and Consumer Protection Act 2018. among others, develop and promote fair, efficient and competitive markets in the Nigerian economy, 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, pledging international cooperation in the realm of consumer protection efforts.

Offices

The FCCPC currently has offices in the following cities:
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. In the realm of consumer protection, the FCCPC has intervened in the healthcare sector to protect the rights of patients. The Commission in fulfilment of its statutory mandate deploys several regulatory tools to monitor and modify behaviour of service providers and manufacturers. Some key areas of operation include complaint resolution, surveillance and enforcement, consumer education, as well as research and strategy. The former head of the FCCPC stated in 2024 that major tech companies should anticipate regulatory scrutiny from the Commission.

Notable cases

On June 24, 2024, President Bola Tinubu approved the appointment of Olatunji Bello as the new Chief Executive Officer/Executive Vice-Chairman of the Federal Competition and Consumer Protection Commission. Bello is a lawyer, administrator, and renowned journalist. The President expects that the new Chief Executive Officer of this important agency will ensure the holistic realization of the Commission’s mandate of protecting and promoting the interest and welfare of Nigerian consumers, and ensuring the adoption of measures to guarantee the safety and quality of goods and services.