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 Annuity Under the Pension Reform Act, 2004

Ministry of Finance, Budget and National Planning, Nigeria

This regulation follows the Pension Reform Act 2004, and covers annuity contracts, investment in annuity funds, returns on transactions and other related matters.

Nigeria • 2004 • Finance

Pension Reform Act, 2004

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act for the establishment of the contributory pension scheme in both the public and private sector; the establishment of the National Pension Commission outling its functions, powers and managment; the role of...

Nigeria • 2004 • Finance

Import (Prohibition) Act CAP. 172 L.F.N. 1990 Act CAP I3 L.F.N. 2004

Ministry of Industry, Trade and Investment, Nigeria

An Act to provide for the prohibition of importation into Nigeria of certain foodstuffs especially those contaminated by toxic substances, and the penalty for the contravention of the said prohibition.

Nigeria • 2004 • Trade, Industry, and Investment

National Drug Policy(Revision)

Ministry of Health, Nigeria

The National Drug Policy of 2005 focuses on stimulating local production of essential drugs by Nigerian pharmaceutical companies. The policy hopes to achieve adequate supply and rational use of drugs. It also emphasized the promotion...

Nigeria • 2003 • Health

Nigerian Communications Act, (No. 19, 2003)

Ministry of Communications and Digital Economy, Nigeria

The Nigerian Communications Act was enacted by the National Assembly of the Federal Republic of Nigeria to establish the national frequency management council and the universal access fund to reform the Nigerian communications commission and...

Nigeria • 2003 • Information, Communication, and Technology

Unified Access Service Licence

Nigeria, Nigerian Communications Commission

The Unified Access Service Licence provide approval for unified access services for network operators under section 32 of Nigerian Communications Act, 2003

Nigeria • 2003 • Information, Communication, and Technology

National Energy Policy

Ministry of Energy and Natural Resources, Nigeria

Nigeria is clearly over dependent on Crude Oil for its Foreign Exchange earnings; hence, the economy is vulnerable to unstable nature of the international oil market. This policy document was developed to serve as a...

Nigeria • 2003 • Energy

Coastal and Inland Shipping (Cabotage) Act 2003

Ministry of Transportation, Nigeria

This is an Act to restrict the use of foreign vessels in domestic coastal trade to promote the development of indigenous tonnage and to establish a cabotage vessel financing fund and for related matters.

Nigeria • 2003 • Transportation

National Institute of Marketing of Nigeria Act, 2003

Ministry of Industry, Trade and Investment, Nigeria

This is an Act to establish the National Institute of Marketing of Nigeria to regulate and control the practice of the marketing profession and for matters connected therewith. Part 1 is concerned with the establishment...

Nigeria • 2003 • Trade, Industry, and Investment

Nigeria Communications Act, 2003

Ministry of Communications and Digital Economy, Nigeria

This Act specify the regulations guiding the communication sector including licensing processes, operation of communication systems and facilities and the operations of communication services.

Nigeria • 2003 • Information, Communication, and Technology

National Drug Policy

Health, Nigeria

This policy aims to ensure the adequate supply of drugs at an affordable, safe and of the requird standard; to ensure raational and proper use of drugs and to promote the domestic production of essential...

Nigeria • 2003 • Health

Child's Right Act, 2003

Justice, Nigeria

This Act is to ensure the best interest of the child in all actions for adequate protection and care for the welbeing of the child. The Act covers the rights and responsibilities of a child,...

Nigeria • 2003 • Justice

Trafficking in Persons (Prohibition) Enforcement and Administration Act, 2003

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

An Act to establish the National Agency for the prohibition of traffic in persons and other related matters and to vest it with the responsibility to enforce laws against traffic in persons, investigate and prosecute...

Nigeria • 2003 • Gender and Human Rights

National Examinations Council (NECO) Establishment Act

Ministry of Education, Nigeria

Laws of the federation of Nigeria guiding the establishment of the National Examinations Council, its functions, powers, staff composition, financial provisions, and other miscellaneous.

Nigeria • 2002 • Education

Banks And Other Financial Institutions Act 1991 (Amended)

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act to regulate banking and other financial institutions and for matters connected therewith. It defines powers, functions and duties of The Central Bank of Nigeria. Some of its functions include that the...

Nigeria • 2002 • Finance

The Corrupt Practices and Other Related Offences Act, 2000

Independent Corrupt Practices and Other Related Offences Commission, Nigeria

This Act prohibits and oulines the punishment associated with corrupt practices and other related offences in Nigeria.

Nigeria • 2000 • Democracy and Governance

National Health Insurance Scheme Act

Ministry of Health, Nigeria

This Act establishes the framework the National Health Insurance Scheme with the objectives of ensuring access to good health care services to every Nigerian and protecting Nigerian families from financial hardship of huge medical bills;...

Nigeria • 1999 • Health

National Park Service Act

Ministry of Agriculture,Ministry of Rural development, Nigeria

An Act to establish the National Park Service to be responsible for the preservation, enhancement and protection of wild animals and plants and other vegetation in national parks; and for matters connected therewith. It states...

Nigeria • 1999 • Agriculture and Rural Development

Food and Drugs (Amendment) Decree 1999

Ministry of Health, Nigeria

The decree amends the Food and Drugs Act to provide, among other things, for the prohibition of sale or advertisement of food, etc. as treatment, etc. for certain diseases, including acquired immune deficiency syndrome.

Nigeria • 1999 • Health

Nigeria Ports Authority Act

Ministry of Industry, Trade and Investment, Nigeria

This is an Act to establish the Nigerian Ports Authority with the functions of providing and operating necessary facilities in ports and maintaining, improving and regulating the use of the ports; and to provide for...

Nigeria • 1999 • 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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