Public sector governance is aimed at ensuring that Public Sector Entities (PSEs) not only fulfill their mandates and achieve their intended outcomes but also operate within the bounds of ethical integrity, transparency, efficiency, and effectiveness. The Nigeria Public Sector Code of Corporate Governance 2023(referred to as "the draft Code") encompasses a comprehensive definition of PSEs. This includes all
The Not-For-Profit Governance Code (“NFPGC” or the “Code”) 2023, is an initiative of the Technical Working Group (TWG), constituted by the Nigerian Ministry of Industry, Trade, and Investment, which aims to provide a comprehensive framework for governance in Nigeria in not-for-profit organisations (“NFPOs”).1 The NFPGC defines NFPOs as organisations that provide services to the community or a defined group of constituents or members and do not operate to make a profit for
On 28 November 2023, the Federal High Court (the Court) delivered its judgment in the case of Ikigai v National Information Technology Development Agency Suit No. FHC/ABJ/CS/1246/2022. The Plaintiff, Ikigai, a non-profit organisation, requested the Court to interpret the provisions of the Nigerian Data Protection Regulations 2019 (NDPR) and
A fundamental function of the government is to promote the prosperity of its people by implementing policies and programs that facilitate economic growth and development. The economic model of every state is uniquely designed to ensure that individuals have access to finance either through the state (the socialist model) or private individuals (the capitalist model).
Navigating Class Actions in Nigeria: Challenges, Developments and Future Prospects
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A 2021 report by the International Survey on Revenue Administration reveals that only about 16.7% of the Nigerian economically active population pay tax1. The informal sector is estimated at 65% of the gross domestic product (GDP)2 and according to SMB Intelligence, the reason for the low tax-to-GDP ratio in Nigeria is because of the large size of the country’s informal economy.3
Quick reference guide enabling side-by-side comparison of local insights into relevant treaties, conventions and other sources of law; limitation periods; types of enforceable order; competent courts; separation of recognition and enforcement; opposition; jurisdiction of the foreign court; awards and security for appeals; enforcement and pitfalls; and recent trends
Streamsowers & Köhn’s Ibukun Konu sheds some light on how the recent passing of revolutionary new legislation looks set to generate a boost in the use of renewable energy in Nigeria’s future.
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