A COMPARATIVE ANALYSIS OF CONSUMER PROTECTION FRAMEWORK IN NIGERIA, UNITED STATES OF AMERICA AND SOUTH AFRICA

Abstract

The Federal Competition and Consumer Protection Act 2019 introduced ground breaking changes into the Nigerian regulatory regime. The Act was enacted to help protect the welfare of consumers, promote economic efficiency, eliminate monopolies and maintain competitiveness in the Nigerian market. This Paper therefore examines the consumer protection framework in Nigeria and undertakes a comparative analysis of the said framework vis-à-vis those of other jurisdictions, the United States of America and South Africa. The Paper identifies the major similarities between the Nigerian framework and those of the selected jurisdictions. It concludes that Nigeria’s recent legislation on consumer protection is largely similar to those of the United States and South Africa and must be implemented to offer more protection to Nigerian consumers.