Section 1: Objectives

The objectives of this Act are to-(a) promote and maintain competitive markets in the Nigerian economy ;
(b) promote economic efficiency ;
(c) protect and promote the interests and welfare of consumers by providing consumers with wider variety of quality products at competitive prices ;
(d) prohibit restrictive or unfair business practices which prevent, restrict or distort competition or constitute an abuse of a dominant position of market power in Nigeria ; and
(e) contribute to the sustainable development of the Nigerian economy.