Federal Competition and Consumer Protection Act, 2018 🇳🇬

Nigeria

Federal Competition and Consumer Protection Act, 2018

Published in Federal Republic of Nigeria Official Gazette No. 106, Vol. 18 on 1 February 2019
Commenced on 30 January 2019
[This is the version of this document from 1 February 2019.]

AN ACT TO REPEAL THE CONSUMER PROTECTION ACT CAP. C25, LAWS OF THE FEDERATION OF NIGERIA,2004, ESTABLISH THE FEDERAL COMPETITION AND CONSUMER PROTECTION COMMISSION COMPETITION CONSUMER PROTECTION TRIBUNAL FOR THE DEVELOPMENT AND PROMOTION OF FAIR, EFFICIENT AND COMPETITIVE MARKETS IN THE NIGERIAN ECONOMY TO FACILITATE ACCESS BY ALL CITIZENS TO SAFE PRODUCTS AND SECURE THE PROTECTION OF RIGHTS FOR ALL CONSUMERS IN NIGERIA; AND FOR RELATED MATTERSENACTED by the National Assembly of the Federal Republic of Nigeria—

Part I – OBJECTIVES AND SCOPE OF APPLICATION

1. Objectives.

The objectives of this Act are to—

(a)promote and maintain competitive markets in the Nigerian economy

(b)promote economic efficiency;

(c)protect and promote the interests and welfare of consum…

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