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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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

National Accelerated Youth Development Programme: 2017-2020

Ministry of Youth & Sports Development, Nigeria

This document highlights the strategic framework of the National Accelerated Youth Development Programme including the mandates and the expected outcomes.

Nigeria • 2017 • Youth and Sports Development

A Strategic Roadmap for Developing Digital Identification in Nigeria

Ministry of Communications and Digital Economy, Nigeria

The goal of this policy is for the development of identification (ID) in Nigeria. The policy covers: establishing minimal data per User ID; collaborating in data collection; planning for universal coverage; linking with civil registration;...

Nigeria • 2017 • Information, Communication and Technology

Revised Guidelines on Group Life Insurance Policy for Employees

Ministry of Finance, Budget and National Planning, Nigeria

Following the Pension Reform Act 2014, these guidelines outline the rules and standards for the procurement and maintenance of group life insurance policy in Nigeria including the required documentation, operational terms, death of an employee,...

Nigeria • 2017 • Finance

Nigeria Biometrics Standards Regulations

Ministry of Communications and Digital Economy, Nigeria

This regulation specify the biometrics standard for biometric capture in Nigeria; to standardize the transmission, and storage processes for enrolment and verification in the data collection process; ensure consistent, interoperability, and reliability in biometric capture...

Nigeria • 2017 • Information, Communication and Technology

Access to Register Information in the National Identity Database Regulations

Ministry of Communications and Digital Economy, Nigeria

The main objectives of these regulations include the effective verification and authentication of persons registered in the database, and to make provision for the granting of access to information of persons registered in the database...

Nigeria • 2017 • Information, Communication and Technology

Guidelines on Biometrics Standards

Ministry of Communications and Digital Economy, Nigeria

government database across MDAs; to enhance the quality of government service delivery via the national identification system; to promote public order and facilitate the enforcement of law and order; to ensure the privacy of individual...

Nigeria • 2017 • Information, Communication and Technology

Avoidance of Double Taxation Between Nigeria and Spain Act, 2017

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act enforcing and domesticating the agreement between Nigeria and Spain on the avoidance of double taxation between the two countries. The agreement applies to personal income tax, corporate income tax, petroleum profits...

Nigeria • 2017 • Finance

Chartered Institute of Local Government and Public Administration Act, 2017

Ministry of Education, Nigeria

This is an Act for the establishment of the Chartered Institute of Local Government and Public Administration of Nigeria. The Act specifies the functions, powers, management, governance, the procedure for registration, professional discipline, fines and...

Nigeria • 2017 • Education

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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