Nigeria

Currency: Naira (NGN)

Timezone: West Africa Time (UTC+1)

Nigeria is situated in West Africa where it shares its land border in the west with the Republic of Benin, in the east with Chad and Cameroon, and in the north with Niger—popularly referred to as the “Giant of Africa” due to its resources and population. The country is the most populous in Africa, with a population estimated to be over 207 million. The country has a very diverse ethnic group with over 100 languages. However, the major languages spoken in the country are Yoruba, Hausa, and Igbo, with English regarded as the official language in the country. The climate of the country varies widely with equatorial south, tropical in the middle, and arid in the north, while the landscape consists of southern lowlands, plateaus, and hills in the north and mountains in the southeast.

The country adopts a federal presidential republic system of government comprising 36 states and Abuja the Federal Capital. The economy is heavily reliant on Petroleum and Petroleum Products as its main source of foreign exchange earnings and accounts for over 70 percent of government revenue. The challenges facing the country include erratic power supply, lack of infrastructure, terrorist insurgence, kidnapping, banditry, clashes between farmers and herders, pervasive corruption, internet fraud, and police brutality.

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Ministry of Finance Incorporated Act, 1959

Ministry of Finance, Nigeria

This is an Act specifying the provisions for the establishment of the Ministry of Finance outlining the powers of the ministry and the minister and for other related regulations.

Nigeria • 1959 • Finance

Customs and Excise Management Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to regulate the management and collection of duties of customs and excise and other related matters.

Nigeria • 1959 • Finance

Firearms Act

Ministry of Defence, Nigeria

This is an Act to make provision for regulating the possession of and dealing in firearms and ammunition including muzzle-loading firearms, and for matters ancillary thereto.

Nigeria • 1959 • Defence and Security

Firearms Act, 1959

Ministry of Humanitarian Services Disaster Management and Social Development, Nigeria

This Act makes provision for regulating the possession of and use of firearms and ammunition including sales, transfer, licensing, manufacture, repair, imports and exports, and for other connected matters ancillary.

Nigeria • 1959 • Humanitarian Affairs

Revolving Loans Fund for Industry Act, 1959

Ministry of Finance, Nigeria

This is an Act to set up a fund to be known as the Revolving Loans Fund for providing loans to assist in the establishment, expansion or modernization of industrial enterprises operating in Nigeria.

Nigeria • 1959 • Finance

Scientific and Industrial Research Act, 1959

Ministry of Education, Nigeria

This is an Act to set up the scientific and industrial research institutes in Nigeria and make the necessary provision for the conduct of scientific and industrial research in Nigeria.

Nigeria • 1959 • Education

Produce (Enforcement Of Export Standards) Act

Ministry of Industry, Trade and Investment, Nigeria

An Act to make provision for the inspection of commodities for export from Nigeria at ports of shipment, for enforcement of grades and standards of quality in respect of such commodities, and matters incidental to...

Nigeria • 1959 • Trade, Industry and Investment

Corporate Bodies (Members' Emoluments) Act, 1958

Ministry of Trade, Industry and Investment, Nigeria

This is an Act specifying the provisions for the remuneration of persons who are members of multiple corporate entities as well as other related matters.

Nigeria • 1958 • Trade, Industry and Investment

Customs Duties (Dumped and Subsidised Goods) Act, 1958

Ministry of Trade, Industry and Investment, Nigeria

This is an Act authorizing the imposition of duties of customs that have been subsidized or dumped and for other related provisions.

Nigeria • 1958 • Trade, Industry and Investment

Customs and Excise Management Act, 1958

Ministry of Trade, Industry and Investment, Nigeria

This is an Act specifying the regulation for the administration, management and collection of customs and excise duties in Nigeria as well as other ancillary matters such as offences concerning imported goods and provisions on...

Nigeria • 1958 • Trade, Industry and Investment

Finance (Control and Management) Act, 1958

Ministry of Trade, Industry and Investment, Nigeria

This is an Act outlining the provisions for the control, administration and management of public finances in Nigeria and other related matters.

Nigeria • 1958 • Trade, Industry and Investment

Finance (Control and management) Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to provide for the control and management of the public finances of the Federation and other related matters.

Nigeria • 1958 • Finance

Petroleum Profits Tax Act, 1958

Ministry of Petroleum Resources, Nigeria

This is an Act to impose a tax on the profits from the mining of Petroleum in Nigeria. The Act also provides for the assessment and collection of such tax and the penalties for contravening...

Nigeria • 1958 • Energy

Railway Loan (International Bank) Act, 1958

Ministry of Finance, Nigeria

This is an Act authorizing the Nigerian Government to loan from the International Bank for Reconstruction and Development for the benefit of the Nigerian Railway Corporation and the development of railway infrastructure in Nigeria.

Nigeria • 1958 • Finance

Acquisition of Land by Aliens Law (Cap. 1).

Ministry of Infrastructure, Nigeria

This law provides that no alien (defined by this law) may acquire land save with the approval of the Commissioner responsible for land and prohibits the unlawful occupation of land by an alien. It also...

Nigeria • 1958 • Infrastructure and Construction

The Veterinary Council (Elections) Rules

Ministry of Health, Nigeria

These rules, made under section 34 of cap. 210, 1958 laws and continued under the Veterinary Surgeon’s Act, concerning the election of members of The Veterinary Council. It emphasizes that no person other than a...

Nigeria • 1958 • Health

Trustee Investments Act, 1957

Ministry of Trade, Industry and Investment, Nigeria

This is an Act to promote the investment of trust and other funds in Nigeria in locally issued securities including the cessation of authorization of investment and other connected provisions.

Nigeria • 1957 • Trade, Industry and Investment

June 9, 2022

Political Parties, Presidential Candidates and the Electoral Act 2022 

The Electoral Act 2022 seeks to update and standardize Nigeria’s elections. The introduction of technological changes such as an electronic database of registered voters and an electronic transmission system of votes is a welcome improvement. Restricting political appointees' involvement in the election process is also a step in the right direction. However, there is a fundamental issue with the new act — its endorsement of the indirect primary process.

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