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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Secured Transactions in Movable Assets Act, 2017 Explanatory Memorandum

Ministry of Industry, Trade and Investment, Nigeria

This is an Act to provide for secured transactions, registration and regulation of security interests in movable assets; and for related matters. The objectives of the act are to enhance financial inclusion in Nigeria, stimulate...

Nigeria • 2017 • Trade, Industry and Investment

Federal Capital Territory 2017 Statutory Appropriation Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to authorize the issue of funds from the Federal Capital Territory Administrative Statutory account the total sum of N222,360,551,512 only, for the financial year commencing from 1st January and ending on...

Nigeria • 2017 • Finance

Anti-Torture Act, 2017

Ministry of Justice, Nigeria

This Act makes comprehensive provisions for penalizing the acts of torture and other cruel, human and degrading treatment or punishment, and prescribes penalties for the commission of such actions.

Nigeria • 2017 • Justice

Secured Transaction in Movable Assets Act, 2017 Explanatory Memorandum

Ministry of Finance, Budget and National Planning, Nigeria

This Act provides for secured transactions, registration and regulation of security interests in movable assets. Its objectives are to enhance financial inclusion in Nigeria, stimulate responsible lending to micro, small and medium enterprises, facilitate access...

Nigeria • 2017 • Finance

Credit Reporting Act, 2017 Explanatory Memorandum

Ministry of Finance, Budget and National Planning, Nigeria

This Act provides for the framework for credit reporting, licensing and regulation of credit bureaus. The objectives of this Act are to facilitate and promote access to credit and enhance risk management in a credit...

Nigeria • 2017 • Finance

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

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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