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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Framework for Regime Sanctions and Penalties

Ministry of Finance, Budget and National Planning, Nigeria

The objective of this framwork is to define a regime pof sanctions and penalties as deterrents to secure maximum complaince with the pension Act. The framework covers monetary penalties, legal proceedings and public censures.

Nigeria • 2008 • Finance

Guidelines for Cross Border Arrangements Under the Pension Reform Act

Ministry of Finance, Budget and National Planning, Nigeria

This document highlights the set of conditions and guidelines for expartriate employees in companies registered in Nigeria and Nigerian citizens serving in another countries could participate in the Nigerian contributory pension scheme.

Nigeria • 2008 • Finance

Whistle Blowing Guidelines for Pensions

Ministry of Finance, Budget and National Planning, Nigeria

These guidelines outline the guidance for reporting regulatory breaches in the pension industry. The guidance covers: the responsibility for reporting breaches; actions that causes breaches; reaction to breaches; categories of breaches; procedures for whistle blowing;...

Nigeria • 2008 • Finance

National Film and Video Censors Board Regulations

Ministry of Communications and Digital Economy, Nigeria

These regulations covers the production or presentation of films, video works, censorships, and ownership of copyrights in Nigeria as well as other related matters.

Nigeria • 2008 • Information, Communication, and Technology

Traditional Medicine Policy

Ministry of Health, Nigeria

The traditional medicine policy provides the guidelines for the practice of traditional medicine in Nigeria. Driven by the need to expand healthcare coverage in Nigeria, the government plans to incorporate this practice into the existing...

Nigeria • 2007 • Health

Nigerian Communications Act (No. 19 of 2003)

Ministry of Communications and Digital Economy, Nigeria

These regulations provide a framework for universal access and universal service provision in Nigeria. It describes the processes of obtaining licenses, establishment of the USP board, and the governance structure of the Universal Service Provision...

Nigeria • 2007 • Information, Communication, and Technology

The Official Development Assistance Policy (ODA Policy)

Ministry of Finance, Budget and National Planning, Nigeria

The Official Development Assistance Policy outlines the strategy to drive the involvement of Nigerians in development assistance and the processes for integrating donor support into national planning.

Nigeria • 2007 • Economy

Nigerian Content Development and Monitoring Board - NCDMB Community Content Guideline

Ministry of Energy and Natural Resources, Nigeria

In pursuance of the Nigerian Content Development and Monitoring Board (NCDMB) mandate, these guidelines were developed to achieve structured engagement of youth, establish developmental infrastructure, attract new businesses and sustain growth of communities where Oil...

Nigeria • 2007 • Energy

Central Bank of Nigeria Act, 2007

Ministry of Finance, Budget and National Planning, Nigeria

This Act repeals The Central Bank of Nigeria Act, 1991, re-enacts a new Central Bank of Nigeria Act, 2007 and established The Central Bank of Nigeria for the promotion of sound financial system in Nigeria...

Nigeria • 2007 • Finance

Guidelines on the Implementation of Coastal and Inland Shipping (Cabotage) Act, 2003

Ministry of Transportation, Nigeria

This guideline document seeks to facilitate the establishment and development of national capacities to implement, manage, monitor, establish adequate information systems, develop expert human resources in cabotage administration and enforcement and generally promote the efficient...

Nigeria • 2007 • Transportation

Cross River State Border Communities Development Commission Law 2007

Ministry of Agriculture,Ministry of Rural development, Nigeria

This is a law to provide for the establishment of the Cross River State Border Communities Development Commission and for other matters connected therewith. It establishes the Cross River State border communities’ development commission as...

Nigeria • 2007 • Agriculture and Rural Development

Cross River State Rural Development Agency Law 2007

Ministry of Agriculture,Ministry of Rural development, Nigeria

This is a law to establish the Cross River State Rural Development Agency and matters connected therewith. It establishes the Cross River state rural development agency as a body corporate and defines its functions and...

Nigeria • 2007 • Agriculture and Rural Development

Cross River State Investment Promotion Bureau 2007

Ministry of Industry, Trade and Investment, Nigeria

This is a law to establish the Cross River State Investment Promotion Bureau to encourage and promote investment in the Cross River state of Nigeria and for other matters connected therewith. It establishes the Cross...

Nigeria • 2007 • Trade, Industry, and Investment

Merchant Shipping Act

Ministry of Industry, Trade and Investment, Nigeria

An Act to provide for merchant shipping and for related matters. The agency of government established and responsible for maritime safety, administration and security shall be the implementing agency for this Act. It emphasizes that...

Nigeria • 2007 • 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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