Federal Competition and Consumer Protection Act, no. 1 of 2019.

This Act, divided into eighteen parts and 168 sections, provides for: promoting and maintaining competitive markets in the Nigerian economy; promoting economic efficiency; protecting and promoting the interests and welfare of consumers by providing them with wider variety of quality products at competitive price; prohibiting restrictive or unfair business practices which prevent, restrict or distort competition or constitute an abuse of a dominant position of market power in Nigeria; strengthening the sustainable development of the Nigerian economy. Therefore, this Act applies to undertakings and all commercial activities within, or having effect within Nigeria. Part II of the Act concerns the establishment of the Federal Competition and Consumer Protection Commission. Part III specifies duties and powers of the Commission, including: resolving disputes or complaints, applying sanctions, creating public awareness through seminars and workshops, enforcing the provisions of the Act, advising Federal Government on national policies and matters pertaining to all goods and services and on the determination of national norms and standards relating to competition and consumer protection, carrying out necessary investigations or inquiries, encouraging trade, industry and professional associations to develop and enforce in their various fields quality standards to safeguard the consumers' interest, ensuring that all imported goods be registered for traceability, collaborating with international organisations and agencies, undertaking regular research, study and analysis of consumer product standards and services.
Part IV concerns management and staff of the Commission. Part V covers financial provisions, including the fund of the Commission, annual estimates, reports and expenditure. Part VI concerns enforcement, warrants and request for information. Part VII establishes the competition and consumer protection tribunal. Further Parts concern: restrictive agreements; abuse of a dominant position; price regulation; mergers; regulated industries; specific offences against competition; consumers' rights, including right to obtain understandable information, product labelling, disclosure of price, general standards for the marketing of goods and services, right to receive safe and quality goods; duties of manufacturers, importers, distributors and suppliers of goods and services, including proper labelling, duty to withdraw hazardous goods from the market, ; enforcement of consumers' rights; miscellaneous provisions.