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The Labour Act of 2004 set the standard for the minimum amount of naira a worker in Nigeria is supposed to make. In 2004 the minimum wage was set to ₦5,500.00 per month. In 2011, the National Minimum Wage Act of 2011 set the minimum wage to ₦18,000.00 per month. The Labour Act of 2004 also has an exception that states that any establishment ...
The Federal Ministries of Nigeria are civil service departments that are responsible for delivering various government services. Each ministry is headed by a Permanent Secretary who reports to a Minister in the Federal Cabinet . [ 1 ]
Aburi Accord. The Aburi Accord or Aburi Declaration was reached at a meeting between 4 and 5 January 1967 in Aburi, Ghana, attended by delegates of both the Federal Government of Nigeria (the Supreme Military Council) and Eastern delegates led by the Eastern Region's leader Colonel Chukwuemeka Odumegwu-Ojukwu. The meeting was billed as the last ...
The Nigerian Enterprises Promotion Decree or NEPD 1972 as amended in 1977 was meant to effect changes in the ownership structure of businesses in Nigeria and to provide opportunity for indigenous capital to have assertive control of the economy. The law also restricted economic activities of foreign firms to certain areas and obliged the firms ...
Website. https://rmafc.gov.ng/. The Revenue Mobilization Allocation and Fiscal Commission is an agency of the Federal Republic of Nigeria that oversees the revenues accruing to and disbursement of such funds from the Federal Account. The Body also ensures that there is conformity and equity in the nation's revenue allocation formulae.
The Cabinet of Abubakar Tafawa Balewa was the government of Nigeria, headed by Prime Minister Abubakar Tafawa Balewa, in the years leading up to and following independence. There were three cabinets. The first was established in 1957 when Balewa was appointed prime minister by the British governor-general.
Politics of Nigeria. The federal government of Nigeria is composed of three distinct branches: the executive, the legislative, and the judicial, whose powers are vested and bestowed upon by the Constitution of the Federal Republic of Nigeria. [1] One of the primary functions of the constitution is that it provides for separation and balance of ...
Website. www.neximbank.com.ng. The Nigerian Export-Import Bank (NEXIM) is an export credit agency in Nigeria, established in 1991. In its function, NEXIM focuses on the development and expansion of the non-oil sectors of the Nigerian economy, with a view to reducing the country's over-reliance on oil exports. [1]