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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.
Several surveys and datasets have worked to measure various aspects of financial inclusion including access and usage of financial services. [14] [16] [17] Some sources, such as the World Bank's Global Findex database or the Gates foundation's Financial Inclusion Tracker Surveys are household surveys attempting to measure usage of financial services from the consumer's perspective. [14]
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.
However, it retains a high level of poverty, with 41% of the population classified as poor by the National Bureau of Statistics in 2019 [3] (63% were living on less than $1 per day back in 2001 [4]). There have been governmental attempts at poverty alleviation, of which the National Poverty Eradication Programme (NAPEP) and National Poverty ...
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 has one of the highest energy access deficits globally, with about 90 million Nigerians (50% of the population) lacking access to grid electricit. [14] Nigeria claims to achieve a 13% contribution of hydroelectricity to the electricity generation mix by 2020; a 1% contribution of wind energy to the nation's electricity generation mix by ...
Nigeria joined the IMF on March 30, 1961. [1] Nigeria is Africa's most populous country, with 222.182 million citizens. [1] The nation's IMF quota stands at 2454.5 million (SDR) along with its special drawing rights amounting to 3702.34 million (SDR). [1] As of July 2023, Nigeria experienced a 3.2 GDP change. [2]
The contributing bureaus are where the National Bureau of Statistics get their information. They include: National Planning Commission; Economic and Financial Crimes Commission; Federal Ministry of Health; National Population Commission; Nigerian Stock Exchange; Nigerian Embassies and High Commissions; Federal Ministry of Finance; Central Bank ...