In what ways do regulatory agencies like NERC a... - JSS3 Business studies Consumer protection agency II Question

Regulatory agencies like NERC and NAFDAC contribute to the economic development of Nigeria by creating a conducive environment for investment and business growth. NERC's regulation of the electricity industry ensures reliable and affordable energy supply, which is essential for industrial and commercial activities. NAFDAC's regulation of food and drug safety promotes consumer confidence in Nigerian products, both domestically and internationally, thereby facilitating trade and economic growth.