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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Yobe State Finance law 2022

Nigeria, Yobe State Government

This law makes provisions and defines the sources of revenue for the year 2022.

Nigeria • 2022 • Finance

Yobe State Appropriation Law 2022

Nigeria, Yobe State Government

This law makes provisions for Appropriation of the sum of one hundred and sixty three billion, nine hundred and fifty three million, three hundred and eighty four thousand naira for the services of Yobe state...

Nigeria • 2022 • Finance

Kebbi State Government Approved 2022 Budget

Kebbi State Government, Ministry of Budget and Economic Planning, Nigeria

This is the Kebbi State 2022 approved budget. It presents a total revenue of 182.34 billion Naira and total expenditure of 189.24 billion Naira.

Nigeria • 2022 • Economy

Kebbi State Geographical Information System Agency Law 2022

Kebbi State Government, Nigeria

This is a law to establish Kebbi State Geographical Information System (KEBGIS) Agency and for other matters connected. The Agency will be responsible for the management and administration of land data in Kebbi state.

Nigeria • 2022 • Land, Housing and Natural Resources

Electoral Act, 2022

This Act repeals the Electoral Act No. 6, 2010. It regulates the conduct of Federal, State, and Area Council elections and makes provisions for the restriction of the qualification for elective office to relevant provisions...

Nigeria • 2022 • Democracy and Governance

National Tomato Policy (2022 – 2026)

Trade and Investment

This policy is designed to cut down on post-harvest losses, curb the import of tomato concentrates through increased imports tariff from 5 percent to 50 percent and an additional $1500 levy per metric Tonnes.

Nigeria • 2022 • Agriculture and Rural Development

Nigerian Payments System Risk and Information Security Management Framework

Central Bank of Nigeria, Nigeria

This guide is designed to facilitate the effective management of risks associated with the Nigerian payments system. The objectives include identifying and addressing the main sources of systemic risks and ensuring effective risk management procedures...

Nigeria • 2022 • Finance

Other Financial Institutions Credit Risk Management Guidelines

Central Bank of Nigeria, Nigeria

These guidelines by the Central Bank of Nigeria (CBN) are directed to all other financial institutions to have customers’ accounts linked with the customer’s Bank Verification Number and Tax Identification Number. The main objective of...

Nigeria • 2022 • Finance

Guidelines for Credit Guarantee Companies in Nigeria

Central Bank of Nigeria, Nigeria

These guidelines outline the minimum capital requirement for operating a credit guarantee company; the corporate governance requirements; and other prudential requirements for credit guarantee companies in Nigeria. By providing these guidelines, the CBN hopes to...

Nigeria • 2022 • Finance

Operational Guidelines for Open Banking in Nigeria

Central Bank of Nigeria, Nigeria

Open banking is a system of customer data sharing across banking and payment systems with the permission of customers. The objectives of these guidelines include: to improve security in the open banking system; to increase...

Nigeria • 2022 • Finance

National Health Insurance Authority Act 2022

Ministry of Health, Nigeria

This Act repeals the National Health Insurance Scheme Act, Cap. N42, Laws of the Federation of Nigeria 2004 and enacts the National Health Insurance Authority Act to ensure effective implementation of a national health insurance...

Nigeria • 2022 • Health

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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