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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