Consumer protection agencies - JSS3 Business studies Lesson Note

National Electricity Regulatory Commission (NERC):

The National Electricity Regulatory Commission (NERC) is a governmental body responsible for regulating the electricity industry in Nigeria. Its primary role is to ensure that electricity services are provided efficiently, safely, and fairly to consumers. NERC sets tariffs, regulates licenses for generation, transmission, and distribution companies, and oversees compliance with industry regulations. Its goal is to promote competition, investment, and transparency in the electricity sector while protecting the interests of consumers.

 

National Agency for Food and Drug Administration and Control (NAFDAC):

The National Agency for Food and Drug Administration and Control (NAFDAC) is a regulatory agency in Nigeria that oversees the manufacture, importation, exportation, distribution, advertisement, and sale of food, drugs, cosmetics, medical devices, and chemicals. NAFDAC ensures that these products meet safety, efficacy, and quality standards before they are made available to the public. Its responsibilities include registration and regulation of products, inspection of facilities, enforcement of laws and regulations, and public awareness campaigns to promote safe consumption of food and drugs.