Policies / Policies from 2017
Policies with publication year 2017.
Ministry of Finance, Budget and National Planning
This Act establishes the National Intelligence Agency Pensions Board charged with the responsibility for administering the pensions scheme for personnel of the agency. The Act is in consequence of the exit of the agency from the application of the contributory pension scheme under the Pensions Reform Act, 2014.
Local Government and Community Affairs
This Act establishes the North-East Development Commission responsible for receiving and managing funds allocated by the Federal Government and international donors for the resettlement, rehabilitation, integration and reconstruction of roads, houses and business premises of victims of insurgency. This Act also aims to address the menace of poverty, illiteracy, ecological problems and any other related environmental or development challenges in the North-East States.
Ministry of Finance, Budget and National Planning
This Act provides for the framework for credit reporting, licensing and regulation of credit bureaus. The objectives of this Act are to facilitate and promote access to credit and enhance risk management in a credit transaction, to promote access to accurate, fair and reliable credit information and to protect the privacy of such information, set standards and conditions for the establishment, regulation and operations of credit bureaus.
Ministry of Finance, Budget and National Planning
This Act provides for secured transactions, registration and regulation of security interests in movable assets. Its objectives are to enhance financial inclusion in Nigeria, stimulate responsible lending to micro, small and medium enterprises, facilitate access to credit secured with movable assets, facilitate perfection of security interests in movable assets and establish a collateral registry and provide for its operations.
Ministry of Justice
This Act makes comprehensive provisions for penalizing the acts of torture and other cruel, human and degrading treatment or punishment, and prescribes penalties for the commission of such actions.
Federal Government
This Executive Order permits the Federal Ministry of Finance to set up a Voluntary Assets and Income Declaration Scheme (hereinafter referred to as �the Scheme�) for all categories of taxpayers who have defaulted in payment of taxes due and collectable subject to the fulfilment of the terms and conditions that are stipulated in this Order and other subsequent complementary regulations. The scheme encourages and provides an opportunity for eligible taxpayers to regularize their tax status for all the relevant years; pay all outstanding taxes; prevent and stop tax evasion; and ensure full tax compliance.
Ministry of Industry, Trade and Investment
This is an Act to provide for secured transactions, registration and regulation of security interests in movable assets; and for related matters. The objectives of the act are to enhance financial inclusion in Nigeria, stimulate responsible lending to micro, small and medium Enterprises, facilitate access to credit secured with movable assets and establish a collateral registry and provide for its operations.
Ministry of Infrastructure
This Act establishes the Federal Capital Territory Water Board charged with the responsibility for providing safe, adequate and affordable water supply services to the residents of the Federal Capital Territory, Abuja.
Ministry of Agriculture, Ministry of Rural development
This act establishes the Nigeria institute of Soil Science charged with responsibility of regulating the profession of soil science. The part 1 of this document provides for the establishment and functions of the Nigeria institute of Soil Science. It lists the functions of the institution, which are to: prescribe and regulate the standards of academic qualification and practical skills to be attained by persons seeking to become registered as members, associates or fellows of the institute, as the case may be; regulate the practice of the profession for soil scientists; establish, update and maintain a register of soil science practitioners under this act according to their various ranks and to regulate the prerogatives and privileges pertaining to those ranks; ensure that soil science practitioners in Nigeria uphold the ethics of the profession and guarantee the sustainability of high quality soil; advance the education, science, technology and art of soil science and crop production in collaboration with zonal coordinating research institutes; promote rapid sustainability of high quality soil through scientific methods, and regulate all issues pertaining to soil management in Nigeria; and cooperate or affiliate with any relevant association and soil science body either locally or internationally.
Ministry of Finance, Budget and National Planning
Loans are an important source of financial relief for individuals and companies. They provide an alternative source of income that assists in meeting personal needs and achieving business expansion. This document educates financial consumers on the importance of loans, the types of loans (secured and unsecured loans), sources of loans, types of collateral, and eligibility for loans, repayment of loans, defaults and consequences. The revised Prudential Guidelines aim to address various aspects of banks� operations, such as risk management, corporate governance, KYC and anti-money laundering/ counter financing of terrorism and loan loss provisioning. The guidelines also aim to address the peculiarities of different loan types and financing to different sectors.
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