Developing Effective Public Policy on Consumer Welfare in Nigeria

Dr. Orok B. Arrey

Developing Effective Public Policy on Consumer Welfare in Nigeria

Dr. Orok B. Arrey * §

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Developing Effective Public Policy on Consumer Welfare in Nigeria

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Abstract

Consumers in the society, as well as the sustenance of business depends on the consumer. The quest for the formulation and enactment of public policies and laws respectively concerning consumer welfare throughout the world are necessitated by dissatisfactions of consumers in their purchase or consumption experiences which often result from the business sector who indulges in many unscrupulous acts at the expense of consumers. This paper examines the enactment of some laws and/or formulation of public policies, which are intended to protect the welfare of consumers, and attempts an evaluation of their levels of effectiveness especially in Nigeria. Data were collected from secondary sources. It was revealed that most consumer welfare laws and policies in Nigeria are relatively ineffective except those formulated sequel to militant actions of certain consumers. At the end, the paper recommends some measures government, business and individual consumers should adopt to ensure the effectiveness of laws and policies on consumer’s welfare in Nigeria.

References

13 Cites in Article

Reference Format

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Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Dr. Orok B. Arrey. 2015. "Developing Effective Public Policy on Consumer Welfare in Nigeria". Global Journal of Management and Business Research - B: Economic & Commerce GJMBR-B Volume 15 (GJMBR Volume 15 Issue B6).

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GJMBR Volume 15 Issue B6

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Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

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Classification

GJMBR-B Classification JEL Code: M20

Submission ReceivedFebruary 5, 2015
Peer Review Double Blind
Handling Editor
Accepted March 5, 2015
Published March 15, 2015

Version of record

v1.2

Issue date

September 4, 2015

Language

English

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Article Matrices

Total Score: 153

Country: Nigeria

Subject: Global Journal of Management and Business Research

Authors: Dr. Orok B. Arrey (PhD/Dr. count: 1)

View Count (all-time): 282

Total Views (Real + Logic): 1608

Total Downloads (simulated): 118

Publish Date: 2015 03, Sun

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Total Views: 1.6K

Total Downloads: 118

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