The Federal Competition and Consumer Protection Commission (FCCPC) has signed a Memorandum of Understanding (MoU) with the Nigerian Communications Commission (NCC) to eliminate regulatory gaps in the telecoms industry.
At the signing of the MoU in Abuja, the Executive Vice Chairman/CEO, FCCPC, Mr. Tunji Bello, stated that the journey to this milestone has been both challenging and rewarding, as the partnership will benefit both operators and consumers.
The Vice Chairman noted that the principle behind overlapping regulations is simply serving as a mechanism to prevent issues from slipping through the cracks.
He added that by design, regulations are often interwoven and overlapping. “This explains the interwoven relationship between the Federal Competition and Consumer Protection Commission (FCCPC) and the Nigerian Communications Commission (NCC).
The Executive Vice Chairman, NCC, Dr. Maida, said this is the outcome of healthy engagements and events that have strengthened the resolve of both institutions to protect the Nigerian consumer, especially in the communications industry.
He stated that this MoU is a testament to the shared vision of fostering a transparent, competitive, and consumer-focused telecommunications industry, which is by aligning the efforts of NCC and FCCPC to avoid regulatory uncertainty and create clarity for the benefit of all stakeholders in the communications sector.
Maida added that the MoU is also in furtherance of both commissions’ joint responsibility to ensure the realization of the Federal Government’s Ease of Doing Business objectives.
Post comments (0)