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 the Valuation of Pension Fund Assets

Ministry of Finance, Budget and National Planning, Nigeria

The aim of this regulation is to standardized 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 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 prioritises the empowerment of women as an entry point...

Nigeria • 2006 • Gender and Human Rights

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

Electric Power Sector Refom 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

Infastructure Concession Regulatory Commission Act, 2005

Ministry of Finance, Budget and National Planning, Nigeria

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

Nigeria • 2005 • Finance

Compulsory, Free Universal Basic Education Act, 2004

Ministry of Education, Nigeria

The Universal Basic Education Act of 2004 highlights the federal Government intervention, rights of children to free basic education, establishment of the Universal Basic Education Commission, States Basic Education Board and Local Government Education Authority.

Nigeria • 2004 • Education

National Policy On Education - 4th Edition

Ministry of Education, Nigeria

A policy document that clearly sets out the country’s educational goals in terms of their relevance to the needs of the individual and those of the society, in consonance with the realities of the environment...

Nigeria • 2004 • Education

Nigerian Communications Act (No. 19 of 2003) Frequency Spectrum Regulations

Ministry of Communications and Digital Economy, Nigeria

These regulations outline the process to determine of all frequency spectrum fees for commercial activities in the telecommunications sector in Nigeria. Its objectives are to establish a competitive pricing structure and promote efficiency in the...

Nigeria • 2004 • Information, Communication, and Technology

Oil Pipelines Act

Ministry of Energy and Natural Resources, Nigeria

This is an Act to make provision for licences to be granted for the establishment and maintenance of pipelines incidental and supplementary to oilfields and Oil mining and for purposes ancillary to such pipelines.

Nigeria • 2004 • Energy

National Water Policy

Ministry of Infrastructure, Nigeria

This document is divided into three sections. The first sets the Nigerian context and the process in which the Policy is being produced and outlines the issues to which it is responding. It covers the...

Nigeria • 2004 • Infrastructure and Construction

Public Enterprises (Privatisation and Commercialisation) Order, 2004.

Ministry of Industry, Trade and Investment, Nigeria

This order, made under the Public Enterprises (Privatisation and Commercialisation) Act, provides that 51 percent of Government shares in enterprises to be privatised may be offered to core investors and that 10 percent of the...

Nigeria • 2004 • Trade, Industry, and Investment

Petroleum Act

Ministry of Energy and Natural Resources, Nigeria

This Act provides for the exploration of petroleum in the territorial waters and the continental shelf of Nigeria and to vest the ownership of all on-shore and off-shore revenue derivable from petroleum resources in the...

Nigeria • 2004 • Energy

Nigerian National Petroleum Corporation Act, 2004

Energy and Natural Resources, Nigeria

This is an Act for the estblishment of the Nigerian National Petroleum Corporation elaborating its regulatory role and commercial activities as well as the control of the petroleum sector.

Nigeria • 2004 • Energy

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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