It is responsible for the promotion and maintenance of fiscal stability; it provides credits, manages debt, serves as a national reserve, and helps to balance inflation in the country. The FIRS manages enforcement of tax laws and tax compliances by citizens. This regulatory body is responsible for the smooth establishment and running of business or companies in Nigeria. National Bureau of Statistics (NBS). Organising and controling the practice of computing in the country. ICT; Infrastructure ... this is an untoward event that should be halted by the relevant regulatory bodies. For instance, Nigeria has moved from approximately 400,000 available fixed telephone lines pre- 1999 to over Is Nigeria a developing country or is it underdeveloped? Nigeria National Petroleum Corporation. Your business cannot be a 'registered' business without the CAC. The National Pension Commission (PENCOM). You’ve probably visited CAC while registering your business name . The need for a comprehensive data protection law in Nigeria has once again resurfaced with the recent publication of the 2015 U.S. Chamber of Commerce’s International IP Index.. Nigeria’s overall score remained at 9.81 out of 30 points (same as in the 2014 report), placing the country 25 th out of the 30 countries assessed. COMMUNICATION/IT BODIES IN NIGERIA - Nigerian Academy of Engineering, Association of Licensed Telecommunications Operators of Nigeria (ALTON), Nigerian Communications Commission (NCC), Nigeria Computer Society (NCS), Computer Professionals Registration Council of Nigeria (CPN), IT Industry Association of Nigeria (ITAN), Association of Telecommication Companies of Nigeria … COMMUNICATION/IT BODIES IN NIGERIA - Nigerian Academy of Engineering, Association of Licensed Telecommunications Operators of Nigeria (ALTON), Nigerian Communications Commission (NCC), Nigeria Computer Society (NCS), Computer Professionals Registration Council of Nigeria (CPN), IT Industry Association of Nigeria (ITAN), Association of Telecommication Companies of Nigeria … They are concerned about the training and regulation of the practice of the profession among all economists. Alleged adultery scandal: Apostle Suleman reacts to IGP probe, reveals truth of... Nollywood actress Kemi Afolabi builds own house, check out the beautiful bungalow, No man gave it to me! Set out below are general materials: 1. It also imposes fines and penalties on private entrepreneurs and businesses if they break the set rules. It is the central body regulating finance and the apex monetary authority in Nigeria. Economic and Financial Crimes Commission (EFCC). It is the umbrella for all computer professionals in Nigeria, it was however, founded in 1978 as Computer Association of Nigeria (COAN). These policy and regulatory developments along with other government and private sector initiatives have resulted in significant improvement of the ICT sector. Serving as the sole representative of its members in all consultations and negotiations with the all the three arms of government (Federal, State, and Local) and their agencies on policy matters that affect the practice of the computing and information technology and systems industry and profession. 8 M.A. National Council on Privatisation (NCP). It is a special mechanism that is responsible for providing effective services to people, who understand what standards they should get and how to obtain them. administrates requirements, restrictions or conditions, sets the adequate standards for specific activities, safety, and health, performs the implementation of set standards. READ ALSO: List of professional bodies in Nigeria with accreditation, Leave your email to receive our newsletter, Get the hottest stories from the largest news site in Nigeria, Drop your mail and be the first to get fresh news, You need to know this about educational agencies in Nigeria and their functions, Things you probably did not know about PSN Nigeria. The policy of this regulatory agency aims to eradicate poverty, promote sustainable growth and development of Nigeria. However the sector remains a critical non-oil growth driver and major contributor to the economy, supported by a sizeable young population and the rapid adoption of mobile internet services. This exam usually takes place in June - July, and December - January. There are other associations such as the Information Technology Association of Nigeria (ITAN) which is majorly for Information Technology companies. It also has the right to establish committees out of its members for the check of accepted legislative bills, the actions of governmental institutions and actions of their official representatives. Screening and registering of all corporate organizations that are involved or wants to be involved in selling or using computing facilities and providing computing professional services in Nigeria. Nigerian Electricity Regulatory Commission (NERC) Nigerian Content Monitoring and Development Board (NCMDB) Nigerian National Petroleum Corporation (NNPC) Nigerian Nuclear Regulatory Authority (NNRA) Petroleum Product Pricing Regulatory Agency (PPPRA) Power Holding Company of Nigeria (PHCN) - defunct; Rural Electrification Agency (REA) This list contains bodies ensuring effective regulatory role in a territory which is not necessarily a state, but is listed as "territory" or "economy" in the statistics of international institutions, in particular the International Telecommunication Union (ITU). 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