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8th Senate of the Federal Republic of Nigeria (Abuja)

Protecting Competition in the Nigerian Market - 8th Senate

Competition between businesses has been shown to increase efficiency, expand choice for consumers and drive down prices. To empower competition in the Nigerian market, the 8th Senate of Federal Republic of Nigeria passed the Federal Competition and Consumer Protection Bill, which repeals the Consumer Protection Act to create the Federal Competition and Consumer Protection Commission, and the Competition and Consumer Protection Tribunal. The first of its kind in Nigeria, the bill will for the first time supervise and promote competition by prohibiting activities which lessen competition and create private monopolies, control mergers, acquisitions and protect consumers. Read more

 

The 8th Nigerian Senate has introduced the NS8 Chatbot, an online Artificial Intelligence (AI) - powered information service for Nigerians interested in the outgoing 8th Senate's activities, key interventions and achievements.

Senate President Bukola Saraki and the 8th Senate passed the Federal Competition and Consumer Protection Bill. The first of its kind in Nigeria, the Bill will for the first time supervise and promote competition by prohibiting activities which lessen competition and create private monopolies, control mergers, acquisitions and protect consumers.

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