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Furthermore, the Nigerian Export Promotion Council (Amendment) Decree No. 64 and 65 of 1992 was promulgated to enhance the performance of the Council. The Council is the leading Federal Government Agency charged with the responsibility of promoting non-oil export in Nigeria to diversify away from oil and build a formidable economy.
As part of its activities, the department manages the upstream and downstream sectors in Nigeria petroleum industry. [3] The Federal Government of Nigeria introduces National Production Monitoring Systems (NIPMS) to monitor the royalty payables and demand notices from all organizations dealing in petroleum in Nigeria.
The Federal Ministry of Industry, Trade and Investment (FMITI) is a branch of the federal government of Nigeria responsible for creating wealth and employment, reducing poverty, and stimulating and diversifying the economy. [1]
Basic Education Certificate Examination (BECE) is the main examination to qualify students for admission into secondary and vocational schools in Ghana and Nigeria. It is written after three years of junior high school education. [citation needed]
The commission was established to enhance Nigeria’s investment climate, attract foreign investments and deviate from oil as the major growth rate of the Nigerian economy. Nigerian President, Olusegun Aremu Obasanjo appointed a former Minister for Commerce, Mustapha Bello as the pioneer Executive Secretary/CEO of the Commission, [ 9 ] as well ...
Following the spirit of the new law, the government acquired interest in major expatriate led banks within the country including First Bank of Nigeria and Union Bank of Nigeria and mandated a compulsory percentage of loans be made to Nigerians. The government also acquired interest in the insurance and oil and gas sectors.
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