SDG Financial Access Score: ‘Nigerian banks closed 234 branches, 649’

IMF report on Nigeria sdg financial access score

The International Monetary Fund, IMF, yesterday, said that Nigerian banks closed 234 branches and 649 Automated Teller Machines, ATMs, in 2020 leading to a decline in the country’s SDG Financial Access Score (FAS) to 4.44 in the year against 4.78 in 2019. The IMF disclosed this in its Financial Access Survey 2021 Trends and Developments released yesterday. According to the report, the international community uses two FAS indicators to monitor the Target 8.10 of the 2030 Sustainable Development Goals (SDGs) which aims at strengthening the capacity of domestic financial institutions…

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Nigeria launches Multidimensional Poverty Index survey

NBS SG talking about the Nigeria Multidimensional Poverty Index survey

Three years after the release of a Transparency International (TI) report which rated Nigeria as the poverty capital of the world after India, the Federal Government has launched the “Multidimensional Poverty Index (MPI) Survey”. The MPI will identify deprivations across health, education and living standards as well as show the number of people who are multi-dimensionally poor and the deprivations they face at the household level. In his remarks to flag off the survey, the Statistician General of the Federation (SG), Dr Simon Harry, said that MPI would track three…

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Nigeria needs $1.5trn in 10-yrs to bridge infrastructure gap ― Buhari

Buhari attends ecowas virtual meeting national climate change policy

President Muhammadu Buhari has said that Nigeria needs a cumulative of $1.5 trillion dollars over ten years, to achieve an appreciable closing of the National Infrastructure Gap. This was contained in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Mallam Garba Shehu. According to the statement, President Buhari gave the figure in Glasgow at a COP 26 high-level side event on improving global infrastructure hosted by President Joe Biden of the United States, EU Commission President, Von Der Leyen, and the UK Prime…

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COP26: Nigeria, 104 others promise to end deforestation by 2030

a site of deforestation in Nigeria

More than 100 countries including Nigeria have pledged to end deforestation by 2030. The country’s leaders made the pledge at the ongoing United Nations climate change conference COP 26 in Glasgow. The world leaders promised to raise $19.2 billion in public and private funds between now and 2030. Governments of 28 countries also committed to removing deforestation from the global trade of food and other agricultural products such as palm oil, soya and cocoa. These industries drive forest loss by cutting down trees to make space for animals to graze…

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Nigeria Can Earn N41bn Annually From Jewellery Export – Adegbite

Adegbite discussing about roles of jewelry on Nigeria ecnomy

The Minister, Mines and Steel Development, Arc Olamilekan Adegbite, has said the development of the local jewellery industry can improve Nigeria’s exports by over N41 billion ($100 million). Mr Adegbite disclosed this in his keynote address at a one-day workshop titled: “Design of Strategy for the Development of Sustainable Jewelry and Gemstone in Nigeria” in Abuja on Monday. He noted that Nigeria is traditionally rooted in rocks and gemstone jewellery like the Benin bronze jewellery, Hausa/Fulani ornament, Ife and Nupe jewellery, which are brilliant artworks that are currently known and…

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