Federal Competition and Consumer Protection Commission (FCCPC) has recently entered into a memorandum of understanding (MoU) with the Nigerian Communications Commission (NCC).
Gatekeepers News reports that the agreement, signed on Tuesday, is focused on safeguarding Nigerian consumers from exploitative practices within the telecommunications sector.
During the signing event, Tunji Bello, the executive vice-chairman and chief executive of the FCCPC, emphasized that this collaboration aligns with President Bola Tinubu’s vision of promoting economic growth through effective regulatory partnerships. The MoU aims to enhance market efficiency and prioritize consumer welfare.
Bello highlighted the importance of this synergy in ensuring comprehensive oversight and consumer protection, while avoiding regulatory conflicts and duplications.
“Through this partnership, the FCCPC and NCC would be making life easier for the generality of consumers in dealing with two government agencies on the same issue at the same time,” Bello said.
“The signing of the MoU symbolises the convergence of two diligent government agencies in compliance with legal requirements to eliminate regulatory gaps in the telecoms industry.
“Guided by our shared vision, this partnership will benefit both operators and consumers.
“It will foster harmonious collaboration between our organisations, streamline operations for telecoms operators through a one-stop-shop approach in many instances, and ensure robust consumer protection, fair competition, and the eradication of exploitative practices.
“This will ensure that consumers across all sectors enjoy the benefits of coordinated and comprehensive regulatory oversight.”
In his remarks, Aminu Maida, executive vice-chairman (EVC) of the NCC, said the agreement is the outcome of healthy engagements and events that have strengthened the resolve of both institutions to protect the Nigerian consumer, especially in the communications industry.
“Today, we celebrate the beginning of a strategic partnership between two critical regulatory institutions, each committed to advancing the welfare of the Nigerian people through fair competition and robust consumer protection frameworks,” the NCC boss said.
“In an era of rapid technological advancements, the significance of collaboration between regulatory bodies cannot be overstated.
“This makes it imperative that we ensure a level playing field for all stakeholders while protecting consumers who depend on reliable and affordable communications services.”
Maida said the MoU was a testament to the shared vision of fostering a transparent, competitive, and consumer-focused telecoms industry.
He also commended the leadership of the FCCPC for its commitment to protecting consumers and promoting healthy competition across sectors.
The NCC boss called on all stakeholders to embrace the spirit of collaboration that the partnership represents.
