Nigeria > Economic and social policy

Nigeria - Economic and social policy - Law, Act

Companies and Allied Matters Act, 2020 (Act No. 3 of 2020). -

Adoption: 2020-08-07 | NGA-2020-L-112593

The Act repeals the 2004 Act of the same name to provide for the incorporation of companies, limited liability partnerships, limited partnerships, registration of business names together with the incorporation of trustees of certain communities, bodies and associations. Contains 870 sections and seven Parts.

Part A - Corporate Affairs Commission
Part B - Incorporation of Companies and Incidental Matters
Part C - The Limited Liability Partnership
Part D - The Limited Partnership
Part E - Business Names
Part F - Incorporated Trustees
Part G - General

Nigeria - Economic and social policy - Miscellaneous (circular, directive, legal notice, instruction, etc.)

Economic Sustainability Plan, 2020. -

Adoption: 2020-06-24 | NGA-2020-M-112596

Due to the health and economic emergencies caused by the Covid-19 pandemic, the Economic Sustainability Committee was established on 30 March 2020. Their terms of reference were to:
(i) Develop a clear Economic Sustainability Plan in response to challenges posed by the COVID-19 Pandemic;
(ii) Identify fiscal measures for enhancing distributable oil and gas revenue, increasing non-oil revenues and reducing non- essential spending, towards securing sufficient resources to fund the plan;
(iii) Propose monetary policy measures in support of the Plan;
(iv) Provide a Fiscal/Monetary Stimulus Package, including
support to private businesses (with emphasis on strategic sectors most affected by the pandemic) and vulnerable segments of the population;
(v) Articulate specific measures to support the States and FCT;
(vi) Propose a clear-cut strategy to keep existing jobs and create opportunities for new ones; and
(vii) Identify measures that may require legislative support to deliver the Plan.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Public Enterprises (Privatisation and Commercialisation) Decree (No. 28 of 1999).

Adoption: 1999-05-10 | NGA-1999-R-57333

Repeals the Bureau of Public enterprises Decree of 1993 and provides for the creation of a National Council on Privatisation as well as the re-structuring of the Bureau of Public Enterprises.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Family Economic Advancement Programme (Establishment etc.) (Amendment) Decree 1997 (No. 20 of 1997).

Adoption: 1997-12-15 | Date of entry into force: 1997-12-15 | NGA-1997-R-58099

Amends Family Economic Advancement Programme (Establishment etc.) 1997 with respect to the composition of the Governing Board of the Programme.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Family Economic Advancement Programme (Establishment etc.) Decree 1997 (No. 11 of 1997).

Adoption: 1997-08-12 | Date of entry into force: 1997-08-12 | NGA-1997-R-58098

Makes provision for the establishment of an empowerment programme for locally based producers of goods and services and potentional entrepreneurs in cottage industries. Also sets forth eligibility critieria for loan facilities, and provides for loan recovery schedules under the programme.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Public Enterprises Regulatory Commission Decree (No. 35 of 1996).

Adoption: 1996-11-17 | Date of entry into force: 1996-11-17 | NGA-1996-R-47430

Establishes the Public Enterprises Regulatory Commission with the function of of monitoring public enterprises.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Oil and Gas Export Free Zone Decree 1996 (No. 8 of 1996).

Adoption: 1996-03-29 | Date of entry into force: 1996-03-29 | NGA-1996-R-47425

Establishes an Oil and Gas Export Free Zone and an Oil and Gas Export Free Zone Authority. S. 20 requires non-Nigerians to have a work permit to work in the Zone; s. 23 provides that enactments applying to customs territories apply to the Zone.

Nigeria - Economic and social policy - International agreement

Traité révisé de la Communauté économique des Etats de l'Afrique de l'Ouest (CEDEAO), fait à Cotonou le 24 juillet 1993. -

Adoption: 1993-07-24 | INT-1993-IA-39591

Les Etats membres (Côte d'Ivoire, Sénégal, Ghana, Gambie, Bénin, Guinée, Guinée-Bissau, Mauritanie, Niger, Burkina Faso, Nigéria, Libéria, Sierra Leone, Mali et Togo) s'engagent à abolir tous les obstacles à la liberté de circulation et de résidence à l'intérieur de la Communauté (art. 27.1) et à dispenser, par accords mutuels, les citoyens de la détention de visa touristique et de permis de résidence. Les Etats membres permettront aux ressortissants de la Communauté d'exercer des activités commerciales et industrielles sur leur territoire (art. 27.2).

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Bankruptcy (Amendment) Decree (No. 109 of 1992). -

Adoption: 1992-12-28 | NGA-1992-R-64034

Makes miscellaneous amendments to Bankruptcy Act.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Nigeria Export Processing Zones Decree 1992 (No. 63 of 1992).

Adoption: 1992-11-19 | NGA-1992-R-43201

Establishes a Nigeria Processing Zones Authority, which is responsible for administering any export processing zones. The Authority is also responsible for resolving any labour disputes in the zone in conjunction with the Ministry of Employment, Labour and Productivity (s. 4). There shall be no strikes or lockouts for a period of ten years following the commencement of operations within a zone (s. 18(5)). Repeals Nigeria Export Processing Zones Decree 1991.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

National Agricultural Land Development Authority Decree 1992 (No. 92).

Adoption: 1992-05-07 | NGA-1992-R-58759

Establishes the National Agricultural Land Development Authority to provide, among other things, strategic public support for land development. Makes provision for membership, functions and funds of the Authority.

Nigeria - Economic and social policy - Law, Act

Nigerian Enterprises Promotion Act (No. 54 of 1989) (Chapter 303).

Adoption: 1989-12-29 | NGA-1989-L-52848

Sets forth list in Schedule of enterprises which shall be exclusively reserved for Nigerians. Provides for enterprise inspection and the regulation of sale and acquisition of enterprises. Sale or transfer of an enterprise shall not be approved unless a workers' equity participation trust is established (s. 6).

Nigeria - Economic and social policy - Law, Act

National Economic Reconstruction Fund Act (No. 2 of 1989) (Chapter 254).

Adoption: 1989-01-09 | NGA-1989-L-52901

Establishes the National Economic Reconstruction Fund to provide, inter alia, funding for small and medium scale enterprises.

Nigeria - Economic and social policy - Law, Act

Industrial Development Co-Ordination Act (No. 36 of 1988) (Chapter 178).

Adoption: 1988-09-30 | NGA-1988-L-52913

Nigeria - Economic and social policy - Law, Act

Privatisation and Commercialisation Act 1988 (No. 25) (Chapter 369).

Adoption: 1988-07-05 | NGA-1988-L-56745

Provides for the privatisation and commercialisation of Federal Government-owned enterprises, as well as those in which the Federal Government has an equity stake. Establishes Technical Committee to manage the practical aspects of this process.

Nigeria - Economic and social policy - Law, Act

Directorate of Food, Roads, and Rural Infrastructures Act (No. 4 of 1987) (Chapter 100).

Adoption: 1987-09-02 | NGA-1987-L-52864

Nigeria - Economic and social policy - Law, Act

Directorate for Social Mobilisation Act (No. 31 of 1987) (Chapter 101).

Adoption: 1987-09-02 | NGA-1987-L-52865

Nigeria - Economic and social policy - Law, Act

National Productivity Centre Act (No. 7 of 1987) (Chapter 272).

Adoption: 1987-04-03 | NGA-1987-L-52888

Establishes the National Productivity Centre charged with promoting productivity in all economic sectors.

Nigeria - Economic and social policy - Regulation, Decree, Ordinance

Company Winding-Up Rules (S.I. 45 of 1983) (Chapter 59).

Adoption: 1983-10-01 | NGA-1983-R-52861

Nigeria - Economic and social policy - Miscellaneous (circular, directive, legal notice, instruction, etc.)

Industrial Development (List of Pioneer Industries) Notice (S.I. 9 of 1982) (Chapter 179).

Adoption: 1982-04-29 | NGA-1982-M-52915

Nigeria - Economic and social policy - Law, Act

Industrial Promotion Act (No. 40 of 1979) (Chapter 181).

Adoption: 1979-08-03 | NGA-1979-L-52917

Nigeria - Economic and social policy - Law, Act

Bankruptcy Act (No. 16) (Chapter 30). -

Adoption: 1979-04-20 | NGA-1979-L-52855

Nigeria - Economic and social policy - Law, Act

Social Development Act (No. 12 of 1974).

Adoption: 1974-02-28 | NGA-1974-L-58982

Establishes the Social Development Division of the Ministry of Employment, Labour and Productivity, and defines its duties.

Nigeria - Economic and social policy - Law, Act

Industrial Training Fund Act (No. 47 of 1971) (Chapter 182).

Adoption: 1971-10-08 | NGA-1971-L-52918

Nigeria - Economic and social policy - Law, Act

Industrial Development (Income Tax Relief) Act (No. 22 of 1971) (Chapter 179).

Adoption: 1970-04-01 | NGA-1970-L-52914

Provides tax relief to pioneer industries.