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In 2019, [8] Nigeria ranked 131st place in the 2019/20 DBI report and named one of top 10 most improved economies in the world for the 2nd time in 3 years. [ 7 ] Leadership
The Commission's head office is located at the Federal Secretariat Phase 1, Annex 2, Ground Floor, Shehu Shagari Way, Central Business District, Abuja, Nigeria. It also has offices in 14 states of the Federation.
The Commission was established by the Federal Competition and Consumer Protection Act (FCCPA) 2018. among others, develop and promote fair, efficient and competitive markets in the Nigerian economy, facilitate access by all citizens to safe products, and secure the protection of rights for all consumers in Nigeria.
The Federal Ministry of Industry, Trade and Investment (FMITI) is a branch of the federal government of Nigeria responsible for creating wealth and employment, reducing poverty, and stimulating and diversifying the economy. [1]
Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
All these government agencies and parastatals send top representatives on the CAC board. On Thursday, 25 May 2023, Nigeria launched its Open Central Register of Beneficial Ownership (known as the Persons with Significant Control Register) in line with its commitment at the Anti-Corruption Summit held in London on 12 May 2016. [6]
The Office of the Secretary to the Government of the Federation (SGF), which is domiciled in the presidency, also has some agencies under it. They are: Nigerian Christian Pilgrim Commission [ 6 ]
The Lagos State Ministry of Commerce and Industry is the state government ministry, charged with the responsibility to plan, devise and implement the state policies on Commerce and Industry. [ 1 ] [ 2 ] This ministry was established to ensure business Prosperity and Consumer Satisfaction in Lagos state . [ 3 ]
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