The Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC) have signed a memorandum of understanding (MoU) to protect Nigerian consumers from exploitative practices in the telecommunications sector. The agreement aims to foster economic growth, enhance market efficiency, and prioritize consumer welfare through regulatory collaboration.
The Federal Competition and Consumer Protection Commission ( FCCPC ) and the Nigerian Communications Commission ( NCC ) have formalized their partnership with a memorandum of understanding (MoU) signed on Tuesday. This agreement aims to safeguard Nigerian consumers from exploitative practices prevalent within the telecommunications sector.
Speaking at the signing ceremony, Tunji Bello, the executive vice-chairman and chief executive of the FCCPC, emphasized the alignment of this collaboration with President Bola Tinubu’s vision. Bello stressed that the partnership fosters economic growth through regulatory cooperation, enhances market efficiency, and prioritizes consumer welfare. He highlighted the significance of synergy in ensuring comprehensive oversight and consumer protection, eliminating any potential conflicts or redundancies between the two agencies. Bello stated that this collaboration would simplify consumer interactions with government agencies regarding similar issues, streamlining the process.He further explained that the MoU signifies a convergence of two dedicated government agencies, working in unison to address regulatory gaps within the telecoms industry. This partnership will facilitate harmonious collaboration, streamline operations for telecoms operators through a one-stop-shop approach in many instances, and guarantee robust consumer protection, fair competition, and the eradication of exploitative practices. Bello expressed confidence that consumers across all sectors would benefit from this coordinated and comprehensive regulatory oversight.Aminu Maida, the executive vice-chairman (EVC) of the NCC, echoed the sentiment, stating that the agreement is the culmination of fruitful engagements that have solidified both institutions' commitment to safeguarding Nigerian consumers, particularly within the communications industry. Maida celebrated the commencement of a strategic partnership between two crucial regulatory bodies, each dedicated to advancing the welfare of the Nigerian people through fair competition and robust consumer protection frameworks.In the context of rapid technological advancements, Maida underscored the paramount importance of collaboration between regulatory bodies. He emphasized the need to ensure a level playing field for all stakeholders while protecting consumers who rely on reliable and affordable communication services. Maida hailed the MoU as a testament to the shared vision of fostering a transparent, competitive, and consumer-centric telecoms industry. He commended the FCCPC's leadership for its unwavering dedication to consumer protection and promoting healthy competition across sectors. Maida concluded by urging all stakeholders to embrace the spirit of collaboration embodied in this partnership
CONSUMER PROTECTION TELECOMS REGULATION FCCPC NCC NIGERIA
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