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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2020 Fourth Quarter and Consolidate Budget Implementation Report

Ministry of Finance, Budget and National Planning, Budget Office of the Federation, Nigeria

This report gives detailed information on the 2020 Fourth Quarter and Consolidated Budget Implementation. The sections of the Report are arranged as follows: Section 1 presents introduction. Section 2 reviews the macroeconomic performance, highlighting performance...

Nigeria • 2020 • Finance

Edo State Audited General Purpose Financial Statements 2020

Edo State Government, Nigeria

This document provides five-year financial highlights for year 2016-2020. It also contains consolidated statement of financial performance, consolidated statement of cash flows for the year ended 31st December 2020.

Nigeria • 2020 • Finance

Imo State Land Use Charge Law 2020

Imo state Government, Nigeria

This law provides for the consolidation of property and land-based charges and also makes provisions for the levying and collection of land use charges in Imo state and other related matters.

Nigeria • 2020 • Land, Housing and Natural Resources

Ekiti State Mortgage and Foreclosure Law 2020

Ekiti State Government, Nigeria

This law establishes the Ekiti state mortgage board and regulates mortgage creation, foreclosure, and enforcement of mortgages in real property and connected purposes.

Nigeria • 2020 • Land, Housing and Natural Resources

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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