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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National Financial Inclusion Strategy

Central Bank of Nigeria, Nigeria

The National Financial Inclusion Strategy outlines Nigeria’s strategy to reduce financial exclusion to 20 per cent by 2020. The strategy focuses on agency banking, mobile payments, linkage models and client empowerment.

Nigeria • 2018 • Economy

The Common External Tariff (CET)

ECOWAS, Nigeria

This document highlights structure, benefits, challenges, and the processes involved in administering the common external tariff in West Africa.

Nigeria • 2018 • Trade, Industry and Investment

The Governance and Institutional Framework for the Petroleum Industry

Ministry of Energy and Natural Resources, Nigeria

This document provides for the governance of the Petroleum industry in Nigeria. It highlights the regulations developed by the Nigeria Petroleum Regulatory Commission to promote the healthy and efficient conduct of all Petroleum Operators in...

Nigeria • 2018 • Energy

Nigerian Content Development and Monitoring Board Research and Statistics Framework

Ministry of Energy and Natural Resources, Nigeria

This research and statistics framework is established to provide clear procedures for data collection, compilation, analytics, dissemination, utilization and archiving. The framework is anchored on optimal statistical organization, comprehensive baseline data, data management, data utilization...

Nigeria • 2018 • Energy

Kwara State Public Procurement Law 2018

Kwara State Government, Kwara State Public Procurement Agency., Nigeria

This is a law to establish the Kwara State Public Procurement Agency charged with the responsibility for the monitoring and oversight of public procurement. The Agency will also formulate and implement a local content policy...

Nigeria • 2018 • Economy

Petroleum Host and Impacted Communities Development Bill 2018

Ministry of Energy and Natural Resources, Nigeria

This is a bill for an Act to provide for the Petroleum host and impacted communities development trust for incorporation of Petroleum host and impacted communities trusts and for other related matters. The objectives of...

Nigeria • 2018 • Energy

The Petroleum Industry Administration Bill 2018 (SB. 540)

Ministry of Energy and Natural Resources, Nigeria

This is a bill for an Act providing for the establishment of the administrative framework for the Petroleum industry in Nigeria and for other related matters. The objectives of this Act are to promote the...

Nigeria • 2018 • Energy

Kwara State Budget 2018

Kwara State Government, Ministry of Finance, Nigeria

This is Kwara State estimates, 2018. It provides a summary of the summaries – based on function (COFOG).

Nigeria • 2018 • Finance

The Petroleum Industry Fiscal Bill 2018(SB. 472)

Ministry of Energy and Natural Resources, Nigeria

This is a bill for an Act to provide for the fiscal framework for the Petroleum industry and other related matters. The document provides guidelines to establish a progressive fiscal framework that encourages substantial and...

Nigeria • 2018 • Energy

State of Osun Budget Manual, 2018

Nigeria, Osun State, Ministry of Economic Planning and Budget Development

This Budget Manual sets out the annual budget processes of the State of Osun Government. The manual defines the practices that the State of Osun Government, Ministries, Departments, and Agencies (MDAs) should adopt to plan...

Nigeria • 2018 • Finance

The State of Osun Development Plan 2019-2028

Nigeria, Osun State, Ministry of Economic Planning and Budget Development

This plan addresses sector briefs with a focus on the key challenges, objectives, deliverables, high-level strategies, and results framework for each of the 12 sectors of the economy of Osun state.

Nigeria • 2018 • Economy

Budget Classification and Chart of Accounts Manual for the State of Osun

Nigeria, Osun State, Ministry of Economic Planning and Budget Development

This is a reference manual on the Chart of Accounts of Osun State. It details the State Chart of Account which provides sufficient structure for fiscal management to cater for administrative, economic, functional, programme, fund...

Nigeria • 2018 • Economy

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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