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ARTICLE · 18 JUNE 2020

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FCCPC Issues Guidance On Business Co-operations Relating To COVID-19

Following the COVID-19 pandemic ("the Crisis") and the resultant disruption of the economy, the Federal Competition and Consumer Protection Commission ("FCCPC" or "the Commission")...

NigeriaCoronavirus (COVID-19)

Introduction

Following the COVID-19 pandemic ("the Crisis") and the resultant disruption of the economy, the Federal Competition and Consumer Protection Commission ("FCCPC" or "the Commission") issued the Business Guidance Relating to COVID-19 on Business Co-operation ("the Guidance") to address certain concerns on business co-operation and consumer rights in a bid to mitigate the severe effects of the crisis.

Cooperation Among Businesses

Under the Federal Competition and Consumer Protection Act ("FCCP"), businesses cannot enter into agreements that prevent, restrict, or distort competition. However, the Commission recognises that given the exceptional circumstances, businesses might seek cooperation to meet the teeming demand for certain essential products and services. Therefore, the Guidance exempts a limited category of agreements contracted between businesses, from the provisions of Section 59 of the FCCP. These agreements must be solely for the purpose of:

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