Land ownership and use in Nigeria are governed primarily by the Land Use Act of 1978, which remains the foundational law regulating land tenure, acquisition, and administration. The Act was introduced to streamline land ownership, curb land disputes, and ensure equitable land distribution for economic development. However, understanding its provisions is crucial for individuals, businesses, …
The Nigerian Startup Act (NSA), signed into law in 2022, represents a significant step toward fostering a thriving tech and innovation ecosystem in Nigeria. Designed to support startups through incentives, funding opportunities, and regulatory clarity, the Act aims to position Nigeria as a global hub for entrepreneurship. However, while the Act presents numerous opportunities, entrepreneurs …
Nigerian Startup Act: Opportunities and Challenges for Entrepreneurs Read More »
The Nigerian Startup Act, enacted to foster innovation and economic growth, has become a cornerstone for entrepreneurs in the country. By creating an enabling environment for startups, the law aims to address challenges faced by small businesses and position Nigeria as a hub for innovation in Africa. This article unpacks the key provisions of the …
Land ownership in Nigeria is a complex and often misunderstood subject due to the unique legal framework that governs it. The Land Use Act of 1978 plays a pivotal role in determining how land is owned, transferred, and administered in Nigeria. For prospective landowners, real estate investors, or anyone dealing with property transactions, a solid …
Understanding Land Ownership in Nigeria: A Guide to the Land Use Act Read More »
Introduction On August 7, 2020, President Muhammadu Buhari will sign the Companies and Allied Matters Act, 2020 (“CAMA, 2020”) into law. This action depends on the passage of the Finance Act, which fundamentally reforms Nigeria’s tax laws, and the Federal Competition and Consumer Protection Act of 2019, which is Nigeria’s first comprehensive consumer protection and …
Highlights of the Companies and Allied Maters Act, 2020. Pt. 1 Read More »
President Muhammadu Buhari signed the “Banks and Other Financial Institutions Act” 2020 (also known as “the New Act” or “BOFIA 2020”) into law on November 13, 2020, repealing the prior BOFIA 1991 (as revised in 1997, 1998, 1999, and 2002). In order to reflect the development of the Nigerian financial industry over the past 30 …
