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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Revised Fund Accounting Guidelines

Ministry of Finance, Budget and National Planning, Nigeria

The aims of these guideline include: ensuring accuracy and reliability of accounting books of pension funds operators in Nigeria; to ensure uniformity in record keeping across the pension industry; and to ensure accounting records in...

Nigeria • 2018 • Finance

Regulations for the Administration of Retirement and Terminal Benefits

Ministry of Finance, Budget and National Planning, Nigeria

These regulations set out the reuirements, procedures and standards relating to the administration of retirements and terminal benefits including the framework and guidance for issues regarding retirements, deaths and missing persons.

Nigeria • 2018 • Finance

Regulations for the Administration of Legacy Pension Assets

Ministry of Finance, Budget and National Planning, Nigeria

These regulation sets out the rules for the administration of legacy pension assets; pension assets before the Pension Reform Act of 2004. The regulations also covers the administration of legacy real estate pension assets.

Nigeria • 2018 • Finance

Pension Fund Administrators ICT Guidelines

Ministry of Finance, Budget and National Planning, Nigeria

These guidelines by the National Pension Commission is ot ensure all pension fund administrators meet the minimum ICT requrements that will ensure efficiency and transparency in the pension system.

Nigeria • 2018 • Finance

2018 Appropriation Bill

Ministry of Finance, Budget and National Planning, Nigeria

This document shows the Federal Government of Nigeria expenditure allocation across ministries, department and agencies. Outling the personnel, overhead, recurrent and capital expenditures for the year 2018.

Nigeria • 2018 • Finance

Appropriation Act, 2018

Ministry of Finance, Budget and National Planning, Nigeria

This is an Act authorising the government expenditure across ministries, department and agencies for the year 2018.

Nigeria • 2018 • Finance

Federal Competition and Consumer Protection Act, 2018

Ministry of Industry, Trade and Investment, Nigeria

This Act establishes the Federal Copetition and Consumer Protection Commission and the Competition and Consumer Protection Tribunal for the promotion of competition in the Nigerian markets at all levels by eliminating monopolies, prohibiting abuse of...

Nigeria • 2018 • Trade, Industry, and Investment

Lead debate on Plastic Bags Prohibition Bill 2018

Ministry of Environment, Nigeria

This document by Hon. Sergius Ose Ogun is in support of a bill for an Act to prohibit the use, manufacture and importation of all plastic bags used for commercial and household packaging in order...

Nigeria • 2018 • Environment and Climate Change

National Policy for Controlled Medicines and Its Implementation Strategies

Ministry of Health, Nigeria

This policy highlights the plan to ensure availability and accessibility to controlled medicines, including local manufacturing of schedule I narcotics and decentralization of its warehousing. It incorporates a framework that describes the quality assurance mechanisms...

Nigeria • 2017 • Health

Economic Recovery and Growth Plan (2017 - 2020)

Ministry of Finance, Budget and National Planning, Nigeria

The ERGP policy lays the strategy to deliver sustained and inclusive economic growth in Nigeria from 2017 to 2020. This Plan outlines strategic lines of actions to boost economic growth such increasing oil production to...

Nigeria • 2017 • Economy

Open Government Partnership National Action Plan - Nigeria

Ministry of Justice, Nigeria

The National Action Plan promotes fiscal transparency through citizen participation in the fiscal process of the federal government to drive anti-corruption, access to information, and citizen engagement.

Nigeria • 2017 • Economy

Appropriation Bill 2017

Ministry of Finance, Budget and National Planning, Nigeria

A budget bill enacted by the National Assembly of the Federal Republic of Nigeria for the 2017 national budget.

Nigeria • 2017 • Economy

Appropriation Bill 2017

Ministry of Finance, Budget and National Planning, Nigeria

A Bill enacted by the National Assembly of the Federal Republic of Nigeria for an Act to authorise the issue from the Consolidated Revenue, Fund of the Federation for the year 2017.

Nigeria • 2017 • Economy

Explanatory Memorandum of the National Health Act

Ministry of Health, Nigeria

This memorandum explains the sections and terms in the 2014 National Health Act. The Act stipulates the regulation, development and management of a health system and sets standards for rendering health services in Nigeria.

Nigeria • 2017 • Health

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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