are currently striving
to meet their statutory
mandates and contribute
to achieve the NEEDS
10% growth in non-oil
of the Agencies'
Laws (Decrees) and
mandates are presented
Ministry of Finance
Ministry of Commerce
Nigerian Export-Import Bank (NEXIM)
Agency for Food
and Drug Administration
FEDERAL MINSTRY OF FINANCE
The Federal Ministry of Finance (FMF)
carries out the following responsibilities:
1 Formulates of the monetary and fiscal policies of the
2 Determines of loans/advances for production.
3 Determines the cost of money/exchange rate.
4 Makes Policies to contact inflation.
5 Collaborates with various multinational financiers in the
implementation of projects, e.g., I.M.F, Word
bank, ADB, etc.
6 Keeps record of financial allocation to the various tiers of
government and agencies.
7 Disburses of grants (domestic and foreign)
8 Prepares of annual budget.
initiates and implements export policies and incentives including the New
Export Expansion Grant EEG in collaboration with the Nigerian Export Promotion
DECREE AND MANDATE
Customs Service (NCS) derived its role from laws as contained in section 45-58
of the customs and exercise management act of 1958.
Controls and managing the administration of the customs and excise
Collects of revenues of customs and excise (as stipulated in the customs and exercise / tariffs
consolidation act) and accounting for same in such manure as may be directed.
Carries out anti-smuggling operations at the ports and borders in order
to forestall importation and exportation of contrabands and goods injurious to
the health and security of the nation.
Provides useful inter-agency cooperation with other agencies of government such as
Nigerian Police ,NDLEA, NAFDAC,etc
Acts as trade facilitator.
Handles trade procedures and documentation.
MINISTRY OF COMMERCE
Ministry of Commerce (FMC) is responsible for articulating of trade policies
within the world trade organization framework.
It is also charged
with the following responsibility:-
Export through the NIGERIAN Export Promotion Council (NEPC)
Foreign exchange management
Weight and measures
Consumer protection council.
Nigerian Export Processing Zones.
EXPORT PROMOTION COUNCIL
The Nigerian Export Promotion Council (NEPC) was established through the Nigerian Export Promotion
Decree No. 26 of 1976 with the following.
To promote the development and diversification of Nigeria's
to assist in promoting the development of export-related
industries in Nigeria;
to spearhead the creation of appropriate export incentives;
to actively articulate and promote the implementation of export
policies and programmes of the Nigerian government.
it implements its
mandate under four key tasks, namely:
Export financing and incentives
Human resources training and development
Coordination and cooperation with multilateral institutions.
The focus is to diversify the basket of
exportable products from Nigeria.
In doing so, the Council undertakes supply base studies to identify potential
products for development for export. Other activities include:
Advising manufacturers on packaging, product design and
Advising companies on quality standards;
Advising exporters on appropriate strategy to adopt to
penetrate target markets;
Advising on pricing and costing for export;
Assisting companies to undertake adequate publicity in
Assisting companies financially to undertake market research
and other export related activities;
Planning and organisation of Nigeria's participation in
international fairs and exhibitions.
FINANCING AND INCENTIVES
Here, the main activity is to ensure the
effective administration and prompt payment of incentives to qualified
exporters. It also reviews existing incentives and articulate new ones in the
light of prevailing circumstances.
RESOURCES TRAINING AND DEVELOPMENT ACTIVITIES
Council organises general seminars/workshops
to enlighten exporters on new development in the sector.
Export Fora to discuss latest
development in the sector.
It undertakes enterprise level training
for the staff of organisations that request for such packages.
Liaises with other training
institutions (both locally and internationally) on training matters generally.
AND CO-OPERATION WITH MULTILATERAL INSTITUTIONS
Council co-operates with the trade
promotion organisations of other countries.
Liaises with multilateral trade organisations
such as ITC, CFTC, UNDP, CBI, IMPOD, TFOC, World bank, etc., for the purpose of
maximising the benefits accruable to exporters in Nigeria.
Visit the NEPC Website: http://www.nepc.gov.ng
THE NIGERIAN EXPORT-IMPORT BANK (NEXIM)
DECREE AND MANDATE
The Nigerian Export-Import
Bank (NEXIM) was established by Act 38 of 1991 as an Export Credit Agency (ECA) with
a share capital of N500, 000,000 (Five Hundred Million Naira) held equally by
the Federal Government of Nigeria and the Central Bank of Nigeria. The Bank which replaced
the Nigerian Export Credit Guarantee & Insurance Corporation earlier set up
under Act 15 of 1988, has the following
main statutory functions: -
Provision of export credit guarantee and export credit
insurance facilities to its clients.
Provision of credit in local currency to its clients in
support of exports.
Establishment and management of funds connected with
Maintenance of a foreign exchange revolving fund for
lending to exporters who need to import foreign inputs to facilitate
Maintenance of a trade information system in support of
Provision of domestic credit insurance where such a
facility is likely to assist exports.
The Bank presently provides
short and medium term loans to Nigerian exporters. It also provides short term
guarantees for loans granted by Nigerian Banks to exporters as well as credit
insurance against political and commercial risks in the event of non-payment by
foreign buyers. The Bank is also the government's National Guarantor under the
ECOWAS Inter-state Road Transit programme.
The Bank's authorized
capital as at December 31
2004 was N10.0 billion with a fully paid-up portion amounting to
Download NEXIM Official Gazette (pdf).
For details visit: http://www.neximbank.com.ng.
INVESTMENT PROMOTION COMMISSION (NIPC) Top
Nigerian Investment Promotion Commission, the one-stop-shop for exploring and
planning foreign investment and new business in Nigeria. Nigeria
leading business cost advantages make it a natural market-entry point for West Africa, and a global magnet for R&D investment,
business process outsourcing (BPO), and other international business. Whether
investing, expanding, or starting a new business.
Promotion Commission (NIPC), is an Agency of the Federal Government with
perpetual succession and a common seal, which is specially established, among
other things, to:
Co-ordinate, monitor, encourage and provide necessary assistance and guidance
for the establishment and operation of enterprises in Nigeria.
Initiate and support measures which shall enhance the investment climate in Nigeria
for both Nigerian and non-Nigerian investors.
Promote investments in and outside Nigeria through effective
Collect, analyse and
disseminate information about investment opportunities and sources of
investment capital and advise on request, the availability, chance or
suitability of partners in joint-venture projects.
Register and keep records of all enterprises
to which the NIPC Decree legislation applies.
Identify specific projects and invite interested investors for participation in
Initiate, organize and participate in promotional activities such as
exhibitions, conferences and seminars for the stimulation of investments
Maintain liaison between investors and Ministries, government departments and
agencies, institutional lenders and other authorities concerned with
Provide and disseminate up-to-date
information on incentives available to investors.
Assist incoming and existing investors by providing support services.
Evaluate the impact of the Commission in investment in Nigeria and recommend appropriate
remedies and additional incentives.
Advise the Federal Government on policy matters, including fiscal measures
designed to promote the industrialization of Nigeria or the general development
of the economy.
Perform such other functions as are supplementary or incidental to the attainment of the objectives of NIPC
THE NATIONAL AGENCY FOR FOOD AND DRUG ADMINISTRATION
AND CONTROL (NAFDAC)
DECREE, MANDATE AND FUNCTIONS
NAFDAC was established by Decree No. 15 of 1993
as amended is a Parastatal of the Federal Ministry of Health.
To regulate and control quality
standards for Foods, drugs, Cosmetics, Medical Devices, Chemicals, Detergents
and packaged water imported, manufactured locally and distributed in Nigeria.
The management has made intensive
efforts to positively touch the lives of stakeholders (consumers and Dealers)
through public enlightenment campaigns, education and persuasions.
The name of the Agency reflects
its functions very adequately. By the provisions of the enabling decree,
(decree No. 15 of 1993) the Agency is mandated to:
Regulate and control the
importation, exportation, manufacture, advertisement, distribution, sale
and use of drugs, cosmetics, medical devices, bottled water and chemicals
Conducts appropriate test and
ensure compliance with standard specifications designated and approved by
the council for the effective control of quality of food, drugs,
cosmetics, medical devices, bottled water and chemicals and their raw
materials as well as their production processes in factories and other
investigation into the production premises and raw materials for food,
drugs, cosmetics, medical devices, bottled water and chemicals and
establish relevant quality assurance system, including certification of
the production sites and of the regulated products
Undertake inspection of
imported food, drugs, cosmetics, medical devices, bottled water and
chemicals and establish relevant quality assurance system, including
certification of the production sites and of the regulated products.
Compile standard specifications
and regulations and guidelines for the production, importation,
exportation, sale and distribution of food, drugs, cosmetics, medical
devices, bottled water and chemicals
Undertake the registration of
food, drugs, medical devices, bottled water and chemicals
Control the exportation and
issue quality certification of food, drugs, medical devices, bottled water
and chemicals intended for export
Establish and maintain relevant
laboratories or other institutions in strategic areas of Nigeria as may be necessary
for the performance of its functions
Pronounce on the quality and
safety of food, drugs, cosmetics, medical devices, bottled water and
chemicals after appropriate analysis
Undertake measures to ensure
that the use of narcotic drugs and psychotropic substances are limited to
medical and scientific purposes
Grant authorization for the
import and export of narcotic drugs and psychotropic substances as well as
other controlled substances
Collaborate with National Drug
Law Enforcement Agency in measures to eradicate drug abuse in Nigeria
Advise Federal, State and Local
Governments, the Private sector and other interested bodies regarding the
quality, safety and regulatory provisions on food, drugs, cosmetics,
medical devices, bottled water and chemicals
Issue guidelines on, approve
and monitor the advertisement of food, drugs, cosmetics, medical devices,
bottled water and chemicals
Compile and publish relevant
data resulting from the performance of the functions of the Agency or from
Sponsor such national and
international conference as it may consider appropriate
Liaise with relevant
establishments within and outside Nigeria in pursuance of its
In discharging the above
functions, the agency envisages that its activities will be evident in all
sectors that deal with food, cosmetics, medical devices, bottled water and
chemicals to the extent of instilling extra need for caution and compulsion to
respect and obey existing regulations both for healthy living and knowledge of
certain sanctions or default.
The agency was set up as a
parastatal under the control of the defunct twelve- member Government Council
which was formally inaugurated on 31st December, 1992 by the then Minister of
Health, Professor Olikoye Ransome Kuti. The then council had its chairman, a
highly experienced Retired Public Officer and Diplomat in the person of
Ambassador Tanimu Saulawa. When the council was in place, activities of the
Agency were overseen through its three main committees namely:
Financial and General Purpose
Establishment and Disciplinary
Technical, Research and
Administration & Finance
Planning, Research &
Narcotics & Controlled
Regulatory & Registration
Legal Unit - The unit proffers legal advice on issues of law arising from
Employee-Employer relationship and is the custodian of legal documents and all
agreements relating to the Agency. Its functions include the following:
Ensuring that the rights and
interest of the Agency are well protected under the various legal
documents that bind it;
agreements and rendering legal opinions to the Director General. NAFDAC
and the various Directorate.
Facilities Prosecution of
offenders at the Tribunals and Courts.
Public Relations Unit - The
Public Relations Unit under the Director Generals office has the primary
responsibility of informing, sensitizing, enlightening and creating awareness
on the role of the Agency. In carrying out these functions the PR unit employed
the services of mass media and the information channels of communication as
effective tools in the discharge of its duties.
The unit is solely responsible
for the publication, of a Quarterly News Magazine and other publications
Information Brochure and Handbills of the Agency. It also co-ordinates the
Information, Education and Communication (I.E.C) programs of the Agency in the
Televisions and Radios as well as other enlightenment, campaigns. In active
collaboration with the Planning Research and Statistics Directorate, the Unit
also facilitates NAFDAC's participation at several international and domestic
Trade Fairs and Exhibition.
Internal Audit - Fundamental
functions of Internal audit are as follows:
Provides a means of measuring
the effectiveness of the system of internal control and accounting.
Tests on the accounting purpose
of ensuring that they provide reliable basis for the preparation of the
Agency's financial statements.
Draws attention of top
management to areas of inefficiencies, deficiencies and all departures
from established procedures.
Making of appropriate
recommendations for improvements in the bookkeeping and accounting system
of the Agency.
Carrying out special
2032 Olusegun Obasanjo
Way. Wuse Zone 7, Abuja, FCT
Abuja Office: ++(234) 09 5240995/6
DG's Office Abuja: ++(234) 09 5240994
DG's Office Lagos: ++(234) 01 4528031
Fax: ++(234) 09 5241461
Visit NAFDAC Website: http://www.nafdacnigeria.org for details.