President Bola Tinubu has directed the Federal Competition and Consumer Protection Commission (FCCPC) to intensify scrutiny of global technology companies operating in Nigeria.
This signals a tougher regulatory stance on big tech firms over concerns ranging from market dominance to consumer protection.
The president gave the directive during the inauguration of the newly constituted governing board of the FCCPC in Abuja, charging the commission to ensure that digital platforms operating in the country comply with Nigerian competition and consumer protection laws.
He said the rapid growth of digital platforms has transformed commerce and communication but has also created new challenges for regulators, including anti-competitive conduct, abuse of market power, data privacy concerns, and unfair treatment of consumers.
He also urged the commission to remain proactive in addressing emerging issues in the digital economy while ensuring that regulation does not stifle innovation or investment.
“The digital economy offers enormous opportunities, but
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