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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Regulation 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 • 2006 • Finance

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 • 2006 • Finance

National Health Promotion Policy

Ministry of Health, Nigeria

The Policy outlines the guidelines required to create positive outcomes and empower health action and increased community involvement. It further prescribes an institutional framework to coordinate health promotion programs nationally.

Nigeria • 2006 • Health

Regulation on the Valuation of Pension Fund Assets

Ministry of Finance, Budget and National Planning, Nigeria

The aim of this regulation is to standardize the procedures for valuation of pension fund assets in the pension industry including the methodology for calculating the rate of returns and value of net assets under...

Nigeria • 2006 • Finance

National Policy on Gender in Basic Education

Ministry of Education, Nigeria

This policy ensures that gender equality is integrated into components of the education policy. The objective is to eliminate gender disparities in primary and secondary education and ensure full and equal access to quality education...

Nigeria • 2006 • Education

National Action Plan for the Promotion & Protection of Human Rights in Nigeria

Ministry of Humanitarian Affairs, Disaster Management and Social Development, Nigeria

The National Action Plan for the Promotion and Protection of Human rights (NAP) is the response of the government of Nigeria to the recommendation of the Vienna Declaration and Programme of Action, adopted at the...

Nigeria • 2006 • Gender and Human Rights

National Gender Policy Federal Republic of Nigeria (Situation Analysis/Framework)

Ministry of Women Affairs and Social Development, Nigeria

The gender policy addresses the systematic inequalities between women and men in our society without ignoring the fundamental differences between them. More importantly, the gender policy prioritizes the empowerment of women as an entry point...

Nigeria • 2006 • Gender and Human Rights

Trade Union Amendment Act, 2005

Ministry of Labour and Employment, Nigeria

This Act highlights the amendment to the Trade Union Act as well as other connected matters.

Nigeria • 2005 • Labour

Strategies for Strengthening the Secondary Health Care (SHC) Delivery Service

Ministry of Health, Nigeria

This document details strategies to improve secondary health care delivery based on the WHO guidelines and within the context of Health Sector Reform Programme (HSRP); design basic indicators: Input (resources), activities output (performances) and outcome...

Nigeria • 2005 • Health

Electric Power Sector Reform Act, 2005

Ministry of Energy and Natural Resources, Nigeria

This is an Act to provide for the formation of companies to take over the functions, assets, liabilities and staff of the National Electric Power Authority, to develop competitive electricity markets, to establish the Nigeria...

Nigeria • 2005 • Energy

Nigeria HIV/AIDS National Strategic Framework 2005-2009

Ministry of Health, Nigeria

The overall goal of this national strategic framework is to reduce HIV/AIDS incidence and prevalence, provide equitable prevention, care, treatment, and support, and mitigate its impact among women, children, and other vulnerable groups and the...

Nigeria • 2005 • Health

Electric Power Sector Reform Act, 2005

Energy and Natural Resources, Nigeria

This Act provides for the establishment of the Nigeria Electricity Regulatory Commission; for licensing, regulation, generation, transmission and distribution of electricity; and for the protection of consumer rights as well as other related activities.

Nigeria • 2005 • Energy

Infrastructure Concession Regulatory Commission Act, 2005

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act for the establishment of the Infrastructure Concession Regulatory Commission elucidating the powers, functions, management, financial provision and legal proceedings as well as other related matters.

Nigeria • 2005 • Finance

Guideline for Doing Business in Nigeria

Ministry of Trade, Industry and Investment, Nigeria

These guidelines highlight the legal framework for doing business in Nigeria. The guidelines cover the requirements for company incorporation, payment of taxes and stamp duties, business regulation and permits and the different fees for business...

Nigeria • 2004 • Trade, Industry and Investment

Pension Reform Act, 2004

Ministry of Labour and Employment, Nigeria

This is an Act repealing the Pension Act, Of 1990 and enacting the Pension Reform Act 2004. The Act makes provision of the establishment of a uniform contributory pension scheme for Nigerians including the establishment...

Nigeria • 2004 • Labour

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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