This paper analyzed how the Federal Competition and Consumer Protection Act, 2019 has promoted competition in Nigeria since its enactment. It examined several Nigerian laws regulating competition in Nigeria such as the Federal Competition and Consumer Protection Act, 2019, the Constitution of the Federal Republic of Nigeria, 1999 (as amended), the Central Bank of Nigeria Act, the Companies and Allied Matters Act, 2020 and other laws. These laws contain provisions that protect consumers in the Nigerian economy by ensuring the production of quality goods and delivery of efficient services. The specific objectives were to examine how the Act has promoted competition in Nigeria, how the enforcement mechanisms provided by the Act has helped to ensure competition, the policies adopted by other jurisdictions to ensure competition and how those policies can help Nigeria. The doctrinal research methodology was adopted in this paper. Competition policies of the United Kingdom and the United States of America were also reviewed and some lessons that could be applied in Nigeria were identified such as ensuring the independence of the Federal Competition and Consumer Protection Commission and the regulators. It was discovered that the Act promotes a competitive market and makes provisions to ensure that the rights of consumers are protected. To achieve this, the Federal Competition and Consumer Protection Act, 2019 established several mechanisms to enhance consumer welfare and entrench competition in the market such as the consumer complaint mechanism, the Federal Competition and Consumer Protection Commission, the Competition and Consumer Protection Tribunal, enforcement by Civil Rights Groups, relevant sector regulators, the courts, amongst others. Considering the above, the paper recommended that the Federal Competition and Consumer Protection Commission should be provided with adequate resources, training and personnel to effectively enforce the FCCPA, 2019 across the country. It was further recommended that public education campaigns be carried out to increase the awareness about the FCCPA, 2019 and acquaint consumers and individuals with their rights and the mechanisms for seeking redress in the event of breach, Also, to ensure rapid development of Competition law in Nigeria, the dissertation recommended that the FCCPC should diligently build a strong case law through consistent enforcement and court decisions so as to establish clear precedents and interpretations of the Act.
Keywords: Consumer, Protection and Competition