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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Nigeria Revenue Service (Establishment) Bill, 2024

A bill for an Act to repeal the Federal Inland Revenue Service (Establishment) Act, No. 13 of 2007, and enact the Nigeria Revenue Service (Establishment) Act. This new Act seeks to establish the Nigeria Revenue...

Nigeria • 2024 • Finance

Joint Revenue Board of Nigeria (Establishment) Bill, 2024

A bill for an Act to establish the Joint Revenue Board, the Tax Appeal Tribunal, and the Office of the Tax Ombud, aimed at the harmonization, coordination, and settlement of disputes arising from revenue administration...

Nigeria • 2024 • Finance

Nigeria Revenue Service (Establishment) Bill, 2024

This is a bill for an Act to repeal the Federal Inland Revenue Service (Establishment) Act, No. 13 of 2007, and enact the Nigeria Revenue Service (Establishment) Act. This Act seeks to establish the Nigeria...

Nigeria • 2024 • Finance

Nigeria Tax Administration Bill, 2024

This is a bill for an Act to provide for the assessment, collection, and accounting for revenue accruing to the Federation, as well as to federal, state, and local governments. This Act also prescribes the...

Nigeria • 2024 • Finance

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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