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Poverty in Nigeria remains significant despite high economic growth. [1] Nigeria has one of the world's highest economic growth rates (averaging 7.4% [ 2 ] over the last decade), an underdeveloped economy, and plenty of natural resources such as oil.
Nigeria's Conditional Cash Transfer program provides targeted cash transfers to the most vulnerable households with the long-term goal of lifting millions out of poverty. A monthly stipend of N5,000 ($13.89) is given to households in poverty-stricken communities along with an additional N5,000 for families designated as priorities or extreme cases.
Poverty is the lack of, or the inability to achieve socially acceptable standard of living. [34] Officially, there is no poverty line put in place for Nigeria but for the sake of poverty analysis, the mean per capita household is used. So, there are two poverty lines that are used to classify where people stand financially.
The Fifth Development Plan and Rolling Plan within Nigeria was established in 1988 to further tackle inequality and boost the economic, social and political structure for the country. This plan sought to devalue the naira, remove import licenses, reduce tariffs, open the economy to foreign trade, promote non-oil exports through incentives and ...
It was established on Wednesday August 21, 2019 by an Executive pronouncement by the President and Commander in Chief of the Armed Forces of Nigeria, H.E., Muhammadu Buhari GCFR at the inauguration of Ministers for the Federal Republic of Nigeria. [1] [2]
The agency was established by the Federal Government of Nigeria on December 10, 1992, following the promulgation of Decree No. 29. This decree aimed to address the deficiencies in Nigeria's primary healthcare system by creating a dedicated body responsible for its development, coordination, and implementation across the country.
To render to Nigerians and foreigners alike, diverse internal security and other ancillary services that are highly qualitative, efficient, courteous and transparent. interior.gov.ng Archived 2022-11-05 at the Wayback Machine: Justice: Brings cases before the judiciary that are initiated or assumed by the government.
The National Assembly of the Federal Republic of Nigeria is a bicameral legislature established under section 4 of the Constitution of Nigeria [1] [a] The body consists of 109 members of the Senate and 360 members from the House of Representatives; [2] There are three senators from each states of Nigeria and one senator representing the Federal Capital Territory and single-member district ...