The Nigeria Startup Act; A Step in the Right Direction for Startups in Growing Indigenous Ideas

Background It is now common knowledge that Nigeria is a veritable breeding ground for startups. In recent times, startups in Nigeria have grown in an unimaginable proportion. Notwithstanding this increase in growth, only a handful of them have been able to withstand the storm. A lot of other startups are usually washed off the shores…

Section 167 and 168 of the 1999 Constitution: Payments to be Paid into the Consolidated Revenue Fund and Certified by the Auditor General of the Federation

The 1999 Constitution Section 167 Any payment that is required by this Part of this Chapter to be made by the Federation to a State shall be a charge upon the Consolidated Revenue Fund of the Federation and any payment that is so required to be made by a State to the Federation shall be…

Section 122, 123 and 124 of the 1999 Constitution: Withdrawal of Money from the Consolidated Revenue Fund and Establishment of Contingencies Fund of a State

The 1999 Constitution Section 122 If the Appropriation Bill in respect of any financial year has not been passed into Law by the beginning ofthe financial year, the Governor may authorize the withdrawal of moneys from the Consolidated Revenue Fund of the State for the purpose of meeting expenditure necessary to carry on the services…

Section 86, 87 and 88 of the 1999 Constitution: Appointment and Removal of the Auditor General of the Federation and Circumstances where the National Assembly can Direct Investigation

The 1999 Constitution Section 86 (1) The Auditor-General for the Federation shall be appointed by the President on the recommendation of the Federal Civil Service Commission subject to confirmation by the Senate. (The Federal Civil Service Commission is responsible for recommending to the President who the Auditor General of the Federation will be but this…

Section 84 and 85 of the 1999 Constitution: Salaries and Pension to be Paid from the Consolidated Revenue Fund and Creation of the Office of the Auditor General of the Federation

The 1999 Constitution Section 84 (1) There shall be paid to the holders of the offices mentioned in this section such remuneration, salaries and allowances as may be prescribed by the National Assembly, but not exceeding the amount as shall have been determined by the Revenue Mobilization Allocation and Fiscal Commission. (The National Assembly may…