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FCCPC and LASCOPA sign MoU to strengthen consumer protection nationwide
via Punch Nigeria7 min read
The Federal Competition and Consumer Protection Commission FCCPC and the Lagos State Consumer Protection Agency LASCOPA have signed a Memorandum of Understanding MoU to enhance consumer protection across Nigeria. Tunji Bello, the Executive Vice Chairman of the FCCPC, stated that this partnership is crucial for bringing consumer protection closer to the populace, as many disputes are local and require rapid intervention at the state level. He emphasized that consumer protection has evolved beyond a narrow regulatory function, now encompassing various aspects of modern life, including transportation, food, healthcare, and digital services. Bello highlighted that a centralized approach from Abuja is no longer sufficient due to market complexity and the increasing volume of complaints. The agreement aims to improve consumer welfare and promote fair business practices through institutional cooperation, information sharing, joint consumer education, and coordinated action. Afolabi Solebo, the General Manager of LASCOPA, noted that the agreement is long overdue and will provide the state agency with federal backing, which is essential for tackling exploitation and unfair trade practices. Bello urged other states to establish or strengthen their consumer protection frameworks to build a coordinated system that boosts confidence in Nigeria's markets.
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This summary was AI-generated from a story originally published by Punch Nigeria.
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