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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Evidence Act, 2011 Explanatory Memorandum

Ministry of Justice, Nigeria

This Act repeals the Evidence Act, Cap. E14, Laws of the Federation of Nigeria, and enacts a new Evidence Act, 2011 which applies to all judicial proceedings in or before Courts in Nigeria.

Nigeria • 2011 • Justice

Money Laundering (Prohibition) Act, 2011

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to repeal the Money Laundering (Prohibition) Act, 2004 and enact the Money Laundering (Prohibition) Act, 2011. It emphasizes that no individual or corporate body shall make a cash payment of N5...

Nigeria • 2011 • Democracy and Governance

Nigeria Sovereign Investment Authority Act, 2011

Ministry of Industry, Trade and Investment, Nigeria

This is an Act for the establishment of the Nigeria Sovereign Investment Authority elaborating its functions, powers and responsibility, financial provision, management, governance and policy communication.

Nigeria • 2011 • Trade, Industry and Investment

Framework for Resolution of Failing operators in the Nigerian Pension Industry

Ministry of Finance, Budget and National Planning, Nigeria

This framework for the resolution of failing operators covers the identification and assessment of risk and supervisory concerns; thresholds and supervisory response; monitoring supervisory actions; termination and modification of supervisory actions; and incentives for merging...

Nigeria • 2011 • Finance

Personal Income Tax (Amendment) Act, 2011

Ministry of Finance, Budget and National Planning, Nigeria

This Act amends the Personal Income Tax Act of 2004 and other matters relating to personal income tax in Nigeria.

Nigeria • 2011 • Finance

National Environmental (Electrical/Electronic) Sector Regulations, 2011

Ministry of Environment, Nigeria

The principal thrust of these Regulations is to prevent and minimize pollution from all operations and ancillary activities of the Electrical/ Electronic Sector to the Nigerian environment. These Regulations cover both new and used Electrical/Electronic...

Nigeria • 2011 • Environment and Climate Change

National Environmental (Standards for Telecommunications/Broadcasting Facilities) Regulations, S. I. No. 11, 2011

National Environmental Standards and Regulations Enforcement Agency, Nigeria

The principal thrust of these Regulations is to prevent and minimize pollution from all operations and ancillary activities of the Electrical/ Electronic Sector to the Nigerian environment. These Regulations cover both new and used Electrical/Electronic...

Nigeria • 2011 • Environment and Climate Change

National Environmental (Soil Erosion and Flood Control) Regulations, S. I. No. 12, 2011

National Environmental Standards and Regulations Enforcement Agency, Nigeria

The principal thrust of these Regulations is to prevent and minimize pollution from all operations and ancillary activities of the Electrical/ Electronic Sector to the Nigerian environment. These Regulations cover both new and used Electrical/Electronic...

Nigeria • 2011 • Environment and Climate Change

National Environmental (Base Metals, Iron and Steel Manufacturing/Recycling Industries) Regulations, S. I. No. 14, 2011

National Environmental Standards and Regulations Enforcement Agency, Nigeria

The principal thrust of these Regulations is to prevent and minimize pollution from all operations and ancillary activities of the Electrical/ Electronic Sector to the Nigerian environment. These Regulations cover both new and used Electrical/Electronic...

Nigeria • 2011 • Environment and Climate Change

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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