INVESTING IN THE NIGERIAN GAMING INDUSTRY

1. Introduction One key thing gaming investors must note is that Nigeria is a Federation with 36 Federating Units (“States”) and one (1) Federal Capital Territory, Abuja (“FCT”) with clearly delineated powers of both levels of government under the Constitution of 1999 (as amended). The Federal Government of Nigeria (“FGN”) is constitutionally empowered to make and execute policies on matters listed in the Exclusive Legislative List of the Constitution (and some matters in the Concurrent Legislative List upon which the States have not previously legislated). The Residual Legislative List matters are matters which are neither in the Exclusive nor the … Continue reading INVESTING IN THE NIGERIAN GAMING INDUSTRY