The first complete overhaul of CAMA since 1990. Single-shareholder companies permitted (§18); statement of compliance replaces statutory declaration; electronic filing and meetings codified; Limited Liability Partnerships and Limited Partnerships introduced; Companies Regulations 2021 (CAC) made under §868. Section 839 power of CAC to suspend trustees provoked the largest controversy at passage.
Commercial2020Fourth Republic (Buhari II)· Act No. 3, 2020
Companies and Allied Matters Act, 2020
Complete overhaul of CAMA 1990: single-shareholder companies, statement of compliance, electronic filing, LLPs.
Standard citation
Companies and Allied Matters Act, 2020 (Act No. 3, 2020), Federal Republic of Nigeria.
The political & economic reality at enactment
The political and economic reality
Nigeria in 2020: who was in charge, the cabinet of the day, the GDP, and the crises that defined the period of this Act's commencement.
President · Fourth Republic
Muhammadu Buhari
2015–2023· APC
National reality
Two recessions (2016, 2020). Multiple naira devaluations. ASUU strike of 2022 closed federal universities for ~9 months. End SARS protests (Oct 2020); Lekki Toll Gate incident. Out-of-school children >18 million by 2022.
Crises of the period
- 2016 recession + FX crisis
- End SARS + Lekki Toll Gate (Oct 2020)
- COVID-19 lockdown (2020)
- 9-month ASUU strike (2022)
- Naira redesign chaos (Q1 2023)
GDP (World Bank)
$494 bn (2015) → $477 bn (2022)
Cabinet (selected portfolios)
- Finance
Kemi Adeosun (2015–18); Zainab Ahmed (2018–23)
- Justice (AGF)
Abubakar Malami (SAN)
- Education
Mallam Adamu Adamu (2015–23)
- Petroleum
Muhammadu Buhari (concurrent); Min. of State Ibe Kachikwu then Timipre Sylva
Sources · Federal Gazette 2015–23 · CBN · NBS
Methodology
Tier 1 · primary
Courts. Gazettes. National archives.
Tier 2 · corroborating
OCCRP. HRW. BudgIT. TheCable.
Tier 4 · tertiary, flagged
Wikipedia only where primary is pending. Always labelled.