Nigeria (NG)

Jurisdiction Overview

236 *Is any formal registration required at all? Not Applicable
 Data Date: 2016


GF 2016: 63


Private Foundations as a separate entity are not available and thus are not assessed here. According to the Global Forum, "Under Nigerian law foundations are not a separate type of entity. Foundations may be registered either as a company limited by guarantee or as incorporated trustee (sections 26(1), 590 CAMA). There are 10 043 registered foundations in Nigeria. The number of foundations registered with the FIRS for claiming tax exemptions is 418. [...] As foundations are not a specific form of entity the reporting obligations of any foundation depend on those applicable to the type of entity it happens to be" (GF 2016: 63).