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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North-East Development Commission (Establishment) Act, 2017 Explanatory Memorandum

Local Government and Community Affairs, Nigeria

This Act establishes the North-East Development Commission responsible for receiving and managing funds allocated by the Federal Government and international donors for the resettlement, rehabilitation, integration and reconstruction of roads, houses and business premises of...

Nigeria • 2017 • Democracy and Governance

National Intelligence Agency Pensions (Establishment) Act, 2017

Ministry of Finance, Budget and National Planning, Nigeria

This Act establishes the National Intelligence Agency Pensions Board charged with the responsibility for administering the pensions scheme for personnel of the agency. The Act is in consequence of the exit of the agency from...

Nigeria • 2017 • Finance

Compulsory Treatment and Care for Victims of Gunshots Act

Ministry of Health, Nigeria

This Act provides compulsory treatment and cares for victims of gunshots. Section 2 emphasizes that every person, including security agents, shall render every possible assistance to any person with gunshot wounds and ensure that the...

Nigeria • 2017 • Health

National Employment Policy

Ministry of Labour and Productivity, Nigeria

This policy highlights the government strategy to increase employment in Nigeria, particularly in agriculture and SMEs. The strategy includes education and training programmes to boost the employment rate in Nigeria.

Nigeria • 2017 • Labour

National Tax Policy

Ministry of Finance, Budget and National Planning, Nigeria

The objectives of this policy are to provide: a guide for the operation and review of the tax system; a basis for future tax legislation; reference for stakeholders on tax issues; a benchmark to hold...

Nigeria • 2017 • Finance

National Gas Policy

Ministry of Petroleum Resources, Nigeria

This policy document elaborates the country’s long term target for gas reserve growth and utilization as well as strategic actions to ensure successful implementation of the policy.

Nigeria • 2017 • Energy

Biosafety Containment Facility Guideline

National Biosafety Management Agency, Nigeria

This document provides the guidelines and requirements for certification of biosafety physical containment level facility.

Nigeria • 2017 • Environment and Climate Change

National Family Planning Communication Plan(2017-2020)

Ministry of Health, Nigeria

This document provides a framework to develop and implement the National Family Planning Communication Campaigns with the overall goal of decreasing maternal and infant morbidity and mortality rates in Nigeria. It focuses on increasing the...

Nigeria • 2017 • Health

Nigeria Health Financing Policy and Strategy

Health, Nigeria

The goal of this policy is to ensure that all Nigerians have access to timely, affordable, quality, efficient and equitable healthcare services. The policy is anchored on 4 strategies namely strengthening health financing governance, adequate...

Nigeria • 2017 • Health

Eligible Customer Regulation, 2017

Energy and Natural Resources, Nigeria

This Guide provides a simplified summary of the regulation for stakeholders across the power sector value chain. It provides much-needed context to the regulation, including – a description of the Minister’s declarations, the target stakeholders,...

Nigeria • 2017 • Energy

Regulations on Investment of Pension Fund Assets

Ministry of Finance, Budget and National Planning, Nigeria

This regulation covers institutional framework; authorized markets for trading; quality of financial assets; conflict resolution; investment limits and performance benchmark; authorized and unauthorized investment and voting rights.

Nigeria • 2017 • Finance

Guidelines for Life Insurance Policy for Employees

Ministry of Finance, Budget and National Planning, Nigeria

This policy provides cover to the insured against death. It outlines the operational terms; death of an employee; missing employee; and the settlement of claims.

Nigeria • 2017 • Finance

National Policy on Medical Oxygen in Health Facilities

Ministry of Health, Nigeria

This policy lays the foundation for ensuring that medical oxygen facilities are available in healthcare centres. It also highlights the strategies to engage stakeholders in oxygen supply, distribution, administration, and equipment maintenance and reinforces commitment...

Nigeria • 2017 • Health

Guidelines for the Operations of Pension Fund Custodians

Ministry of Finance, Budget and National Planning, Nigeria

Following the Pension Reform Act, 2004, this document outlines the procedures for the operations of pension fund custodians and other related matters.

Nigeria • 2017 • Finance

Mandatory use of the National Identification Number Regulations, 2017

Ministry of Communications and Digital Economy, Nigeria

These regulations provide the regulatory and supervisory requirements for the mandatory use of the National Identification Number for certain transactions in Nigeria and other related matters.

Nigeria • 2017 • Democracy and Governance

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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