ABUJA-The Consumer Unity and Trust Society (CUTS) has called for the removal of obstacles impeding national trade competitions in Nigeria.
Mr. Rijit Sengupta, the representative of CUTS in Nigeria, made the call on Tuesday in Abuja at a stakeholders meeting.
He said removing such obstacles would enhance healthy trade competitions and stabilisation between countries.
Sengupta declared: “The absence of a regulatory oversight has adversely affected the capacity of many countries to reap the benefits of the reform process.
“There is need to strengthen constituencies for effective competition among the selected seven West African countries.
“The countries are Burkina Faso , Gambia, Ghana , Mali , Nigeria , Senegal and Togo .
“The countries exhibit a number of dissimilarities in addition to having certain commonalities between them.”
He said many developing and least developed economies had woken up to the reality that an effective competition constitutes an indispensable element of functional regulatory regime.
Sengupta stressed the need to promote market competition to complement and protect the interest of consumers.
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