Challenges to the Implementation of Competition Law in Nigeria: Lessons from South Africa

Click here to read the full article online

(FIRST §) The Nigerian Federal Competition and Consumer Protection Act (FCCPA), enacted on January 30, 2019 heralded a new dawn in the Nigerian legal sphere. The FCCPA, modelled after the South African Competition Act, established two institutions for the purposes of enforcing its provisions. These are the Federal Competition and Consumer Protection Commission (FCCPC) and the Competition and Consumer Protection Tribunal (CCPT). It saddled them with the responsibility of promoting competition in the Nigerian market by eliminating monopolies, prohibiting abuse of a dominant position and penalizing other restrictive trade and business practices.