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The National Social Investment Program of Nigeria is a social welfare initiative launched by the federal government of Nigeria in 2015. The program, overseen by the National Social Investment Office, aims to promote equitable resource distribution to vulnerable populations, such as children, youth, and women. Under President Muhammadu Buhari's ...
Access to finance is the ability of individuals or enterprises to obtain financial services, including credit, deposit, payment, insurance, and other risk management services. [1] Those who involuntarily have no or only limited access to financial services are referred to as the unbanked or underbanked, respectively.
Nigeria's Debt Management Office – Resources and information on Nigeria's national debt management. Ministry of Finance, Budget, and National Planning – Key financial policies and programs in Nigeria. Economic and Financial Crimes Commission (EFCC) – Government agency involved in the oversight of Nigeria's financial activities.
Financial inclusion is the availability and equality of opportunities to access financial services. [1] It refers to processes by which individuals and businesses can access appropriate, affordable, and timely financial products and services—which include banking, loan, equity, and insurance products.
Nigeria had one of the world's highest economic growth rates, averaging 7.4% according to the Nigeria economic report that was released in July 2019 by the World Bank. [1] Following the oil price collapse in 2014–2016, combined with negative production shocks, the gross domestic product (GDP) growth rate dropped to 2.7% in 2015.
Microfinance consists of financial services targeting individuals and small businesses (SMEs) who lack access to conventional banking and related services. Microfinance includes microcredit , the provision of small loans to poor clients; savings and checking accounts ; microinsurance ; and payment systems , among other services.
A new generation of African designers are bursting onto the global fashion scene, gaining recognition from top celebrities including Beyoncé, Alicia Keys, and Naomi Campbell.
A child is checked for signs of malnutrition in Katsina State, Nigeria, March 2011 . In Nigeria, several subsequent governments have implemented different policies in an attempt to develop the rural areas and alleviate the poverty rate that has become a prominent decadence in such areas. However, very little success has been recorded so far.