Jacob Otu Enyia, Nsongurua Unyime Udoudo
Competition and consumer protection law has become an important legal tool as it plays a significant role in preventing different forms of anti-competitive behaviours and ensures fair competition in the market. Therefore, examining the administrative and operational difficulties as well as the challenges and prospects of competition and consumer protection law can help policy makers address the numerous difficulties accompanying the implementation of competition policies. To this end, this research will use the doctrinal method in analyzing the Nigerian Federal Competition and Consumer Protection Act, 2018 in order to discover the extent to which the Act will guard against anti-competitive practices and promote competitive markets for the benefits of the consumers and the Nigerian economy. This research finds that although the Nigerian Federal Competition and Consumer Protection Act, 2018 provides for the regulation of competition in Nigeria, there is needed to effectively tackle the challenges to the implementation of the Act while considering the prospects on the other hand. This research concludes that effective implementation of competition law in Nigeria will help protect consumers and create a conducive environment for economic growth, development and protection of consumers from anti-competitive practices.