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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National Environmental (Ozone Layer Protection) Regulations, 2009

Ministry of Health, Nigeria

This document provides regulations on the national environment and clearly emphasizes that no person shall import, manufacture in part or whole, install, offer for sale, sell or buy new or refurbished facilities intended to be...

Nigeria • 2009 • Health

Regulations on Fees Structure for Pension Funds

Ministry of Finance, Budget and National Planning, Nigeria

These regulations outline the methodology for calculation and payment of fees, the procedures for payment of fees and maximum allowable charges for pension funds.

Nigeria • 2009 • Finance

Guidelines for Risk Management Framework for Licensed Pension Operators

Ministry of Finance, Budget and National Planning, Nigeria

These guidelines specify the risk management process; the minimum requirements needed for risk management; the reporting requirements; and the roles and responsibilities of the board and senior management.

Nigeria • 2009 • Finance

Guidelines for the Operations of Pension Transnational Arrangement Departments

Ministry of Finance, Budget and National Planning, Nigeria

This document outlines the guidelines for the establishment and supervision of pension transnational arrangement departments by the National Pension Commission, outlining the structure and function of the pension departments and other related guidelines.

Nigeria • 2009 • Finance

Guidelines for Transnational Contributions Fund

Ministry of Finance, Budget and National Planning, Nigeria

These guidelines outline the modalities for the establishment and management of the Transnational Contributions Fund and other related matters.

Nigeria • 2009 • Finance

Framework and Implementation Guidelines for RSA Retiree Fund

Ministry of Finance, Budget and National Planning, Nigeria

The objective of these guidelines is to ensure the fund does not diminish; ensure retiree pension does not lose value; ensure retiree funds are exposed to little risk; ensure retiree funds generate income to cope...

Nigeria • 2009 • Finance

Nigerian Civil Aviation Authority Compliance and Enforcement Handbook

Ministry of Transportation, Nigeria

The objective of this document includes: to ensure the safety of civil aviation operations; to address non-compliance in the industry; to promote safety and compliance; and to take legal enforcement actions including civil penalties, suspension...

Nigeria • 2009 • Transportation

Framework for the Supervision of States and Local Government Pension Schemes

Ministry of Finance, Budget and National Planning, Nigeria

This document outlines the process for effective and efficient operations of state and local government pension schemes in Nigeria including the implementation process for contributory pension schemes; regulation and operation of other schemes; reporting requirements;...

Nigeria • 2009 • Finance

Regulations for Compliance Officers

Ministry of Finance, Budget and National Planning, Nigeria

These regulations outline the requirements for appointments of compliance officers; responsibilities of the Board of Directors; the responsibilities of compliance officers; and the empowerment of compliance officers as well as other related matters.

Nigeria • 2009 • Finance

Revised Guidelines for the Administration of Petroleum Support Fund (PSF)

Ministry of Petroleum Resources, Nigeria

These guidelines outline the responsibilities of stakeholders in the administration of PSF including the Central Bank of Nigeria, oil marketing companies, the department of petroleum resources, petroleum equalization funds, and other regulatory authorities.

Nigeria • 2009 • Energy

National Policy on Public Private Partnership

Ministry of Finance, Budget and National Planning, Nigeria

The main objectives of this policy include: ensuring value for money in public investment projects; promoting investment in infrastructure to satisfactory standards; increasing cooperation with the private sector in infrastructural development; effectively managing fiscal risk...

Nigeria • 2009 • Finance

Legal and Regulatory Framework for Public Private Partnership

Ministry of Finance, Budget and National Planning, Nigeria

This document highlights the legal framework for Public-Private Partnership in Nigeria; the regulatory framework for Public-Private Partnership in Nigeria; and the framework for Public-Private Partnership contract in Nigeria.

Nigeria • 2009 • Finance

National Environmental (Sanitation and Wastes Control) Regulations, S. I. No. 28, 2009

National Environmental Standards and Regulations Enforcement Agency, Nigeria

This document highlights the legal framework for Public-Private Partnership in Nigeria; the regulatory framework for Public-Private Partnership in Nigeria; and the framework for Public-Private Partnership contract in Nigeria.

Nigeria • 2009 • 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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