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In 2016, Nigeria's Universal Basic Education Commission (UBEC) reported that it has the highest number of out-of-school children in the world, an estimated 10.5 million. [10] Hence, the implementation of the State Universal Basic Education Board's provision for free Universal Basic Education for every Nigerian child of school-going age.
There were several smaller objectives of this plan that would improve the living conditions of Nigeria; increase in per capita income; more even distribution of income; reduction in the level of unemployment; increase in the supply of higher-level manpower; diversification of the economy; balanced development and indigenization of economic ...
These stipulations were attempts to promote domestic production, decrease dependency on the oil market, and lessen import needs. Since 1987, Nigeria has participated in IMF loan arrangements on February 3, 1989, January 9, 1991, August 4, 2000, and most recently, in 2020, a $3.4 billion IMF loan, reaching 100 percent of its national quota. [6]
They were established primarily to meet a need for qualified personnel in Nigeria and to set basic standards for university education. These universities have continued to play their roles for the production of qualified personnel and the provision of standards, which have helped to guide the subsequent establishments of other generations of ...
They were able to recruit among the youths population of Nigeria because of unemployment; approximately 64 million youths are unemployed with 1.6 million being underemployed. [25] Boko Haram targets individuals or organizations who encourage lifestyles believed to follow western culture, like the US or Europe. One targeted attack was on women ...
The Central Bank of Nigeria (CBN) is the central bank and apex monetary authority of Nigeria established by the CBN Act of 1958 and commenced operations on 1 July 1959. [3] The major regulatory objectives of the bank as stated in the CBN Act are to: maintain the external reserves of the country; promote monetary stability and a sound financial environment, and act as a banker of last resort ...
In the early 1990s, Scrabble was made an official sport in Nigeria; by the end of 2017, there were around 4,000 players in more than 100 clubs in the country. [336] In 2018, the Nigerian Curling Federation was established to introduce a new sport to the country in order to make the game part of the curriculum at the elementary, high school, and ...
Pre-colonial Africa was made up of ethnic groups and states that embarked on migrations depending on seasons, the availability of fertile soil, and political circumstances. . Therefore, power was decentralized among several states in pre-colonial Africa (many people held some form of authority and as such power was not concentrated in a particular person or an institution).