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Competition Bill, catalyst for private sector development, , says Coalition

A coalition of private sector organisations, civil societies and consumer rights advocacy group has staged a walk to call on the leadership of the National Assembly to pass the Competition Bill before it in the benefit of consumers in the country. This, the coalition says will ensure efficient and fair markets that are essential for catalysing private sector development and economic growth. The bill which recently passed the second reading on the floor of the House of Representative seeks among many things to infuse a level playing field in the Nigerian markets thereby stimulating entrepreneurship and economic growth. Mr. Solomon Aderoju, Chairman, Lagos Chapter of Nigerian Association of Small and Medium Enterprises (NASME) in an interview with Daily Times said the enactment of the Competition Bill will provide a robust competition law to regulate the market to ensure a win-win situation for both consumer and producers.

Throwing its weight behind the coalition, the Commissioner of Commerce and Industry, Honorable Rotimi Ogunleye said Lagos State government is in force with the coalition. ‘What you are doing is in sync with what this Ministry of Commerce, Industry and Co-operatives stands for, as you all know, we have a consumer protection law in Lagos which was enacted in 2014, we are working so hard to empower it so that it can become operational. For us here, we are interested in the consumers getting the benefit of goods and services, consumers satisfaction is a necessary ingredient for economic development. If consumers are not satisfied, they wouldn’t want to patronize the goods again, we must ensure that all products and services are tailored towards consumers’ satisfaction.

We are in support of you regarding the passage of this Competition Bill at the National Assembly, we will put all necessary pressure to get all parties to join in this crusade. We are part and parcel of it, we are in all force with you in this your campaign’ he said. In her remark, Coordinator of the Consumer Advocacy Foundation of Nigeria, Ms. Sola Salako called on the leadership of the National Assembly to expedite action on the bill saying the passage of the bill will facilitate greater equality of opportunity by breaking down the barriers to fair competition that often help to protect incumbent elites. The walk is the first in a series of similar walks that will take place in Enugu, Kaduna and Kano.

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