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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Central Bank of Nigeria, Amendment Act, 1993

Ministry of Finance, Nigeria

This is an Act amending the Central Bank of Nigeria Act of 1991. The main amendment includes (a) increase in penalties for offences in the Act, and (b) the powers of the Central Bank of...

Nigeria • 1993 • Finance

Chartered Insurance Institute of Nigeria Act, 1993

Ministry of Finance, Nigeria

This Act makes provision for the establishment of the Chartered Insurance Institute of Nigeria with the responsibilities of setting the standards of knowledge and skills to be attained by individual who wants to be a...

Nigeria • 1993 • Finance

Venture Capital (Incentives) Act, 1993

Ministry of Trade, Industry and Investment, Nigeria

This is an Act outlining provision for the granting of tax relief and other incentives on personal investments in National Risk Fund, venture capital companies, venture capital projects and other connected matters.

Nigeria • 1993 • Trade, Industry and Investment

Federal Polytechnic Amendment Decree, 1993

Ministry of Education, Nigeria

This is a Decree by the Military Government amending the Federal Polytechnic Act by making provisions for the post of Deputy Rector for all Federal Polytechnics and specifying tenure of office for all principal offices...

Nigeria • 1993 • Education

Association of National Accountants of Nigeria Act, 1993

Ministry of Trade, Industry and Investment, Nigeria

This is an Act establishing the Association of National Accountants of Nigeria with responsibilities of regulating the profession and ensuring certain required knowledge and skills for any person engaged in the profession as a member...

Nigeria • 1993 • Trade, Industry and Investment

Dental Therapists Act, 1993

Ministry of Health, Nigeria

This is an Act establishing the Dental Therapist Board to regulate the activities of the dental therapist practitioners in Nigeria and to set the standard of knowledge and skills to be attained by anyone who...

Nigeria • 1993 • Health

Education Tax Act, 1993

Ministry of Education, Nigeria

This Act makes provisions for the imposition of an education tax on every registered company in Nigeria and for the establishment of an education fund and board of trustees to manage and administer the fund.

Nigeria • 1993 • Education

National Agency for Population Programmes and Development Act, 1993

Ministry of Budget and National Planning, Nigeria

This is an Act for the creation of the National Agency for Population Programmes and Development to ensure efficient implementation of National Policy and Programmes relating to the population at all levels in Nigeria.

Nigeria • 1993 • Economy

National Automotive Council Act, 1993

Ministry of Trade, Industry and Investment, Nigeria

This is an Act for the creation of the National Automotive Council for regulating the automotive part industry in Nigeria. The Act highlights the functions, powers, management and membership of the council as well as...

Nigeria • 1993 • Trade, Industry and Investment

Federal Urban Mass Transit Agency Act

Ministry of Transportation, Nigeria

This is an Act to establish the Federal Urban Mass Transit Agency and to provide, among other things, for the orderly and efficient development of urban mass transit services in Nigeria.

Nigeria • 1993 • Transportation

Institute of Chartered Chemists of Nigeria Act

Ministry of Education, Nigeria

This is an Act to establish the Institute of Chartered Chemists of Nigeria and make provisions for determining the standard of knowledge and skill to be attained by persons seeking to become registered as chemists...

Nigeria • 1993 • Education

Irrua Specialist Teaching Hospital Act

Ministry of Health, Nigeria

This is an Act to rename the Specialist Hospital, Irrua as the Irrua Specialist Teaching Hospital and establish a management board for the hospital.

Nigeria • 1993 • Health

Lagos International Trade Fair Complex Management Board Act

Ministry of Industry, Trade and Investment, Nigeria

This is an Act to establish the Lagos International Trade Fair Complex Management Board with responsibility, among other things, to manage, maintain and develop the Complex.

Nigeria • 1993 • Trade, Industry and Investment

Sheda Science and Technology Complex Act

Ministry of Science and Technology, Nigeria

This is an Act to establish the Sheda Science and Technology Complex to carry out research and development activities in the field of technology and the operation of a nuclear research facility.

Nigeria • 1993 • Science and Technology

Value Added Tax Act

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to impose and charge Value Added Tax on certain goods and services and to provide for the administration of the tax and other related purposes.

Nigeria • 1993 • Finance

Venture Capital (incentives) Act

Ministry of Industry, Trade and Investment, Nigeria

This Act provides tax relief and other incentives on personal investments in the National Risk Fund, venture capital companies and venture capital projects and other related purposes.

Nigeria • 1993 • Trade, Industry and Investment

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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