Evolving a Turn-around Strategy for Effective Consumer Protection in Nigeria

Abstract

This work is an attempt to address the nebulous challenges an average consumer faces within the Nigerian industrial and commercial sphere. The world best practices in the regime of Consumer protection focuses on antitrust legislations for stemming monopolistic practices for an open market economy, where there is free entry and free exist which guarantees consumers' rights. The past and present regimes of protective mechanism are anachronistic, unfriendly and leave much to be desired. The work is an analytical and expository discourse on consumer protection dynamics which are expected to usher in a regime of effective and efficient Consumer Protection in Nigeria. The article recommends that for Nigeria to achieve world best practices, the enabling Consumer Protection Legislation in Nigeria – the CPC Act, 1992, should be amended if not completely repealed.