• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Economy

Major bills signed into law by Presidents Buhari and Tinubu in 2023 

Aghogho Udi by Aghogho Udi
December 31, 2023
in Economy
Major bills signed into law by Presidents Buhari and Tinubu in 2023 
Share on FacebookShare on TwitterShare on Linkedin

The year 2023 witnessed the introduction of new pieces of legislation into Nigeria’s constitution with the assenting of pivotal laws aimed to guide, protect, and provide for individuals and businesses across the country and abroad by outgoing President Muhammadu Buhari and his successor President Bola Tinubu.  

  • In March, President Buhari approved a set of 16 constitutional amendment bills, with a notable focus on key changes. Foremost among these was the devolution of powers, empowering state governments to generate and distribute electricity within areas covered by the National grid. 
  • Furthermore, the President signed into law an amendment mandating that both the President and state Governors submit their nominees for ministers or commissioners within 60 days of assuming office. 
  • President Buhari also gave his assent to a bill relocating the Railway from the Exclusive list to the concurrent list. Additionally, he approved the renaming of the Nigeria Prison Service to the Nigeria Correctional Service under the Fifth Alteration Bill No. 31, specifically addressing the devolution of powers related to correctional services. 

 Other bills signed into law in the final days of President Buhari’s tenure are; 

  • The National Social Investment Programme Agency Act- this bill officially legitimizes the National Social Investment Programme initiated by the outgoing administration administration. This program, designed to support and empower the underprivileged in Nigeria, undergoes a name change to become the National Social Investment Programme Agency. 
  • The National Senior Secondary Education Commission- This legislation not only forms a Commission but also sets forth minimum standards for senior secondary education in Nigeria, outlining the management of the National Senior Secondary Education Fund. 
  • The Chartered Institute of Power Engineers of Nigeria Act- This law lays the foundation for the Chartered Institute of Power Engineers of Nigeria. This institute is tasked with the responsibility of defining the standards of knowledge and skill required for individuals aspiring to attain the status of chartered power engineers. 

Major Legislation signed into law by President Tinubu in 2023 

On assumption into office, President Tinubu has signed a few important Acts into law mainly to enshrine the rule of law in business and our personal lives.  

The major bills signed by President Tinubu so far are; 

MoreStories

Waving Nigerian flag on a silver pole against a clear blue sky

S&P upgrades Nigeria’s outlook from stable to positive amid economic reforms 

November 15, 2025
Ogun targets N500 billion IGR for 2026 fiscal year 

Ogun targets N500 billion IGR for 2026 fiscal year 

November 13, 2025
  • Electricity Act 2023- President Bola Ahmed Tinubu gave his assent to the Electricity Act 2023, a legislative piece approved by the National Assembly (NASS) in July 2023. This Act is set to supplant the Electricity and Power Sector Reform Act of 2005, presenting a comprehensive framework to navigate the post-privatization phase of the Nigerian Electricity Supply Industry (NESI) while fostering increased private sector investments in the sector. 

The Electricity Act aims to break the monopoly in Nigeria’s electricity generation, transmission, and distribution at the national level, thereby granting states, companies, and individuals the authority to independently generate, transmit, and distribute electricity.

Within the provisions of this Act, state governments have the prerogative to issue licenses to private investors, enabling them to operate mini-grids and power plants exclusively within the state boundaries. It’s important to note that the Act explicitly excludes interstate and transnational electricity distribution.

  • Access to Higher Education Act (Student Loan)- In June, President Tinubu signed into law the Access to Higher Education Act, a legislative measure designed to improve accessibility to higher education for Nigerian students. This legislation introduces interest-free loans aimed at alleviating financial barriers that impede educational pursuits. 

Furthermore, the Act ensures that all students pursuing higher education in public institutions have an equal entitlement to access these loans, with no discrimination based on gender, religion, tribe, position, or disability. 

  • Data Protection Act– The Data Protection Act became the third legislation signed into law by President Tinubu following his inauguration. 

At its core, the Bill is centered around safeguarding individuals’ data. It imposes legal obligations on organizations and individuals to uphold and protect individuals’ privacy by securing their data. 

The law replaces the Nigeria Data Protection Bureau (NDPB) established by President Buhari in February 2022 and establishes the Nigeria Data Protection Commission. 

  • Judicial Officers Law– The legislation, officially named ‘Constitution of the Federal Republic of Nigeria, 1999 (fifth alteration) (No.37), 2023,’ received presidential approval on June 8, marking President Tinubu’s inaugural signing of legislation. 

This law establishes a standardized retirement age for judges at 70 years and ensures consistent pension rights for judicial officers across various superior courts. 


Follow us for Breaking News and Market Intelligence.
Tags: 2023Major billsPresident Bola TinubuPresident Muhammadu Buhari
Aghogho Udi

Aghogho Udi

My name is Aghogho Udi, a writer, journalist, and researcher, deeply intrigued by the political economy of Nigeria and the broader African context. My focus lies in shedding light on the intricate connections between macroeconomics and politics, offering valuable insights that foster comprehension of Africa's prevailing economic landscape and the world in general.

Related Posts

No regret removing fuel subsidy, says President Tinubu
Business News

President Tinubu says 153,000 Nigerians benefit from N30 billion Credicorp loans 

October 1, 2025
President Bola Tinubu,
Exclusives

Nigerian agencies breach data law despite Tinubu’s directives on Privacy – Lawyers 

September 17, 2025
NERC
Energy

The Electricity Act Amendment Bill 2025 – the need for a cautious rethink

September 6, 2025
Tinubu sacks five ministers, appoints seven new ones amid cabinet reshuffle  
Education

President Tinubu commits N1.85 billion to education and rehabilitation of Chibok girls

September 4, 2025
From Within the Room: Beyond the noise of criticism
Markets

From Within the Room: Beyond the noise of criticism

September 4, 2025
President Tinubu to visit Saint Lucia, attend two-day BRICS Summit in Brazil 
Business News

President Tinubu leaves for Europe on 10-day annual vacation 

September 4, 2025
Next Post
President Bola Tinubu, CNG

Tinubu’s govt borrows N2.94 trillion from CBN to service domestic debt in six months

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

tajbank
arco
access bank
nairametrics
first bank






DUNS

Recent News

  • Nigeria, Morocco deepen agricultural ties with new livestock and agribusiness cooperation framework 
  • Top 10 HMOs for buying health insurance in Nigeria in 2025 
  • S&P upgrades Nigeria’s outlook from stable to positive amid economic reforms 

Follow us on social media:

Recent News

Livestock Policy: Nigeria unveils new framework to boost food security 

Nigeria, Morocco deepen agricultural ties with new livestock and agribusiness cooperation framework 

November 15, 2025
Top 10 HMOs for buying health insurance in Nigeria in 2025 

Top 10 HMOs for buying health insurance in Nigeria in 2025 

November 15, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics