The Enactment of the Nigerian Federal Competition and Consumer Protection Act
Indeed, monopoly hinders the growth of any sector of an economy or any market where it subsists, particularly an emerging market like Nigeria.
The lack of a comprehensive legal framework governing competition issues in Nigeria has arguably led to artificial scarcity of high valued goods and services, the creation of inferior products, restrictive practice, less innovation, and anti-competitive behaviour such as price fixing, amongst others.
We, at Jackson Etti & Edu (“JEE”) commend the introduction of a legal framework for competition in Nigeria with the enactment of the Federal Competition and Consumer Protection Act 2019 (“the FCCPA”). Click here to read more: