Nigeria ranks 125th in CPI | The Guardian Nigeria News - Nigeria and World News
Babatunde IrukeraThe Executive Vice Chairman, Federal Competition and Consumer Protection Tribunal (CCPT), Babatunde Irukera, has said that Nigeria ranks 125th in the global Consumer Protection Index (CPI). He added that the tribunal receives 1,000 complaints bordering on consumer challenges weekly.
Irukera disclosed this during a three-day retreat for members of CCPT themed ‘Laying the Foundation for a Successful Competition and Consumer Protection Tribunal in Nigeria’, yesterday, in Nasarawa.He said: “Before I resumed duty, CCPT was receiving approximately 700 to 1,000 complaints yearly; but now, we do that weekly and many cases are still open. The cases that closed had satisfactory resolution. Right now under FCCPT, we have over eight cases in court and two of they are already resolving.”
xChairman of the CCPT board, Sharatu Shafi, remarked: “I must state that the CCPT may not have come at a better time than now when competition and consumer protection index have become a global tool for assessing the investment potential of any country, determine the rate of foreign direct investments (FDIs), and accelerate the Ease of Doing Business (EoDB). All of these have implications for national economic growth and development.” headtopics.com
“Nigeria stands at 125th position in the global competition and consumer protection index. With the launching of the Nigeria Economic Sustainability Plan (NESP) to replace the Economic Recovery and Growth Plan (ERGP), joining the ECOWAS Regional Competition Authority (ERCA), and signing the African Continental Free Trade Area (AFCTA) agreement, which seeks to expand market frontiers across the continent, it has become our duty to safeguard fair competition and ensure the protection of Nigerian consumers.”
She explained that the tribunal also has the mandate to stem anti-trust issues and guarantee consumer satisfaction through the exercise of its judicial duties. Read more: The Guardian Nigeria »
Bandits Release 28 Abducted Students Of Bethel Baptist High School
Kaduna state chairman of the Christian Association of Nigeria, Joseph Hayab, is quoted to have disclosed that the abducted students of Bethel Baptist High Sc...
Nigeria considers new law to unbundle power sector | The Guardian Nigeria News - Nigeria and World NewsThe Electric Power Sector Reform Act 2005 (EPSRA), introduced privatisation of the power sector may become obsolete by the end of the year as the National Assembly, yesterday, revealed that a new legislation...
U.S. seeks beneficial trade ties with Nigeria, others | The Guardian Nigeria News - Nigeria and World NewsThe United States – Africa relationship under the government of Biden – Harris Administration, will entail increasing two-way trade and investment between Africa and the United States,
Southgate expects England to survive growing pains | The Guardian Nigeria News - Nigeria and World NewsGareth Southgate insists England can overcome their growing pains as his young side aim to get their Euro 2020 campaign back on track by winning Group D against the Czech Republic on Tuesday.
Penny wise, pound foolish | The Guardian Nigeria News - Nigeria and World NewsThese are indeed difficult and dangerous times for Nigerians. It would be out of place for anyone to envy Nigerians for whatever reason in these perilious times. Visit to consume free the book ‘Power In Nigeria; will there ever be light?’ Visit for free download of the book ‘Power In Nigeria; will there ever be light?’
Broadcast professional tasks new NBC DG on professionalism | The Guardian Nigeria News - Nigeria and World NewsFor the new National Broadcasting Commission (NBC) DG, Balarabe Shehu Ilelah, the task of redeeming the image of the country’s broadcasting regulatory body should be his utmost priority as he assumes office.
Ozigbo, cleric urge fathers to be role models | The Guardian Nigeria News - Nigeria and World NewsA prominent philanthropist, Valentine Ozigbo, has hailed fathers for their enterprise, strength and selflessness as the world marked Father’s Day on Sunday.