The Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC) have formalised a landmark partnership to strengthen consumer protection and promote fair competition within Nigeria’s telecommunications sector.
The collaboration was formalised through the signing of a Memorandum of Understanding (MoU) at the FCCPC headquarters in Abuja on Tuesday. The event was attended by the executive vice chairman and chief executive officer of the FCCPC, Tunji Bello, and the executive vice chairman of the NCC, Dr. Aminu Maida, along with senior officials from both organisations.
Speaking during the ceremony, Bello described the agreement as a crucial step towards eliminating regulatory gaps in one of the country’s most vital sectors.
According to him, the FCCPC-NCC alliance is expected to address pressing issues such as market abuses, consumer rights violations, and challenges posed by a rapidly evolving digital economy, adding that the partnership aims to create a sustainable telecommunications sector that contributes significantly to Nigeria’s economic development.
He stressed the significance of the collaboration in reducing regulatory conflicts and improving consumer welfare, saying, “The signing of this MoU today symbolises the convergence of two diligent government agencies in compliance with legal requirements to eliminate regulatory gaps in the telecoms industry.”
He explained the significance of Section 105 of the Federal Competition and Consumer Protection Act (FCCPA) 2018, which mandates collaboration between regulatory bodies to ensure effective oversight.
“This highlights the importance of Section 105 of the Federal Competition and Consumer Protection Act (FCCPA) 2018, which explicitly provides for cooperation and collaboration between the FCCPC and sector regulators. This synergy is critical to ensuring comprehensive oversight and consumer protection without regulatory conflicts or duplications.
“By this, we are also making life easier for the generality of consumers in dealing with two government agencies on the same issue at the same time.”
Bello further highlighted the broader implications of the partnership, stating, “This partnership is consistent with President Bola Tinubu’s vision of fostering economic growth through regulatory collaboration, enhanced market efficiency, and prioritising consumer welfare.”
Dr. Maida, in his address, hailed the MoU as a milestone in fostering transparency and safeguarding consumer rights within the telecommunications sector.
“In an age of rapid technological innovation, collaboration between regulatory bodies is imperative,” Maida said. “This MoU provides clarity and ensures a level playing field while protecting consumers who depend on accessible and reliable communication services.”
He emphasised the alignment of the agreement with national economic goals.
“This partnership is entirely consistent with the federal government’s Ease of Doing Business agenda. By eliminating regulatory uncertainty and simplifying oversight, we can foster investor confidence in the sector,” he said.
Maida also praised the FCCPC for its commitment to consumer welfare, noting, “Your unwavering dedication to consumer protection and fair competition complements our mission at the NCC. Together, we are setting the foundation for significant progress in the industry.”
Both leaders commended their teams for their diligence in finalising the MoU and encouraged stakeholders to embrace the spirit of collaboration represented by the agreement.
