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The Office of the Secretary to the Government of the Federation (SGF), which is domiciled in the presidency, also has some agencies under it. They are: Nigerian Christian Pilgrim Commission [6] National Lottery Trust Fund [7] Nigeria National Merit Award
The national debt of Nigeria is composed of two main components: domestic debt and external debt. [17] Domestic debt is the debt owed by the federal government to creditors within the country, such as the Central Bank of Nigeria, commercial banks, pension funds, insurance companies, and other financial institutions.
This is a list of countries by annualized interest rate set by the central bank for charging commercial, ... Nigeria: 27.50 0.25: 27 November 2024 [70] 14.03 13.47
Statutorily and administratively, the FIRS has the responsibility for the assessment, collection and accounting of taxes to the Government: [9] The timely provision and publication of accurate data and annual reports to the Federal Government of Nigeria and other stakeholders to inform national economic planning, academic research, tax policy and development legislation [10]
The committee was established to oversee the nation's banking sector, currency regulation, and financial policies. Its creation is rooted in the Constitution of the Federal Republic of Nigeria, which empowers the National Assembly to form committees necessary for the effective execution of its legislative responsibilities.
The House of Representatives (also called Green Chamber) is the lower chamber of Nigeria's bicameral National Assembly. [1] The Green Chamber has 360 members who are elected in single-member constituencies using the plurality (or first-past-the-post ) system, most recently in 2023 .
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
The National Assembly of Nigeria (NASS) is the democratically elected body that represents the interests of the Federal Republic of Nigeria and its people, makes laws for Nigeria, and holds the Government of Nigeria to account. The National Assembly (NASS) is the nation's highest legislature, whose power to make laws is summarized in chapter ...