The Bank Of Industry
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The Bank Of Industry
Bank of Industry Limited (abbreviated as 'BOI') is the oldest and largest Development finance institution, Development Finance Institution (DFI) currently operating in Nigeria. It is owned by the Federal Ministry of Finance (Nigeria), Ministry of Finance Incorporated (MOFI) Nigeria (94.80%), the Central Bank of Nigeria, Central Bank of Nigeria (CBN) (5.19%) and private shareholders (0.01%). The bank has 11 members on its board and it is chaired by Aliyu Abdulrahman Dikko. History Bank of Industry Limited began operations in 1959 as the Investment Corporation of Nigeria (ICON) Limited. In 1964, ICON Limited was reconstituted to become the Nigerian Industrial Development Bank (NIDB) Limited under the guidance of the World Bank. Initially, International Finance Corporation, International Finance Corporation (IFC) held 75% equity in NIDB and produced the first Managing Director. However, the equity structure was diluted in 1976 as a result of the indigenization decree. In 2001, th ...
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Government
A government is the system or group of people governing an organized community, generally a state. In the case of its broad associative definition, government normally consists of legislature, executive, and judiciary. Government is a means by which organizational policies are enforced, as well as a mechanism for determining policy. In many countries, the government has a kind of constitution, a statement of its governing principles and philosophy. While all types of organizations have governance, the term ''government'' is often used more specifically to refer to the approximately 200 independent national governments and subsidiary organizations. The major types of political systems in the modern era are democracies, monarchies, and authoritarian and totalitarian regimes. Historically prevalent forms of government include monarchy, aristocracy, timocracy, oligarchy, democracy, theocracy, and tyranny. These forms are not always mutually exclusive, and mixed govern ...
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United Nations Development Programme
The United Nations Development Programme (UNDP)french: Programme des Nations unies pour le développement, PNUD is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development. Headquartered in New York City, it is the largest UN development aid agency, with offices in 170 countries. The UNDP emphasizes developing local capacity towards long-term self-sufficiency and prosperity. It administers projects to attract investment, technical training, and technological development, and provides experts to help build legal and political institutions and expand the private sector. The UNDP operates in 177 countries and is funded entirely by voluntary contributions from UN member states. Also, UNDP is governed by a 36-member executive board overseen by an administrator, who is third-highest ranking UN official after the Secretary-General and Deputy Secretary-General. Founding The UNDP was founded on 22 Nove ...
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Banks Of Nigeria
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Development Finance Institutions
Development or developing may refer to: Arts *Development hell, when a project is stuck in development *Filmmaking, development phase, including finance and budgeting *Development (music), the process thematic material is reshaped *Photographic development * ''Development'' (album), a 2002 album by Nonpoint Business *Business development, a process of growing a business *Career development *Corporate development, a position in a business * Energy development, activities concentrated on obtaining energy from natural resources *Green development, a real estate concept that considers social and environmental impact of development * Land development, altering the landscape in any number of ways *Land development bank, a kind of bank in India *Leadership development *New product development *Organization development *Professional development *Real estate development *Research and development *Training and development *Fundraising, also called "development" Biology and medicine * Ch ...
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Abuja, Nigeria
Abuja () is the capital and eighth most populous city of Nigeria. Situated at the centre of the country within the Federal Capital Territory (FCT), it is a planned city built mainly in the 1980s based on a master plan by International Planning Associates (IPA), a consortium of three American planning and architecture firms made up of Wallace, Roberts, McHarg & Todd (WRMT – a group of architects) as the lead, Archisystems International (a subsidiary of the Howard Hughes Corporation), and Planning Research Corporation. The Central Business District of Abuja was designed by Japanese architect Kenzo Tange. It replaced Lagos, the country's most populous city, as the capital on 12 December 1991. Abuja's geography is defined by Aso Rock, a monolith left by water erosion. The Presidential Complex, National Assembly, Supreme Court and much of the city extend to the south of the rock. Zuma Rock, a monolith, lies just north of the city on the expressway to Kaduna. At the 2006 ce ...
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Lagos State, Nigeria
Lagos State ( yo, Ìpínlẹ̀ Èkó) is a state in southwestern Nigeria. Of the 36 states, it is both the most populous and smallest in area. Bounded to the south by the Bight of Benin and to the west by the international border with Benin Republic, Lagos State borders Ogun State to the east and north making it the only Nigerian state to border only one other state. Named for the city of Lagos—the most populous city in Africa—the state was formed from the Western Region and the former Federal Capital Territory on 27 May 1967. Geographically, Lagos State is dominated by bodies of water with nearly a quarter of the state's area being lagoons, creeks, and rivers. The largest of these bodies are the Lagos and Lekki lagoons in the state's interior with the Ogun and Osun rivers flowing into them. Many other rivers and creeks flow throughout the state and serve as vital means of transportation for people and goods. On land, non-urbanized areas are within the tropical Nigerian ...
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Kaduna State
Kaduna State ( ha, Jihar Kaduna جىِهَر كَدُنا; ff, Leydi Kaduna, script=Latn, ; kcg, Sitet Kaduna) is a state in northern Nigeria. The state capital is its namesake, the city of Kaduna which happened to be the 8th largest city in the country as at 2006. Created in 1967 as North-Central State, which also encompassed the modern Katsina State, Kaduna State achieved its current borders in 1987. The fourth largest and third most populous state in the country, Kaduna State is nicknamed the ''Centre of Learning'', owing to the presence of numerous educational institutions of importance within the state such as Ahmadu Bello University. Modern Kaduna State is home to the sites of some of Africa's oldest civilizations, including the Nok civilization that prospered from to .Breunig, Peter. 2014. Nok: African Sculpture in Archaeological Context: p. 21.Fagg, Bernard. 1969. Recent work in west Africa: New light on the Nok culture. World Archaeology 1(1): 41–50. In the 9th ...
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Edo State
Edo, commonly known as Edo State, is a state located in the South-South geopolitical zone of Nigeria. As of 2006 National population census, the state was ranked as the 24th populated state (3,233,366) in Nigeria, However there was controversy over the population census figures, for example this same state that was ranked 24, population wise in 2006, was number 16 in terms of voters registration in the country in 2019, That shows strongly that the census conducted in 2006 is not a testament of reality on ground. The state population figures is expected to be about 8,000,000 in 2022. Edo State is the 22nd largest State by landmass in Nigeria. The state's capital and city, Benin City, is the fourth largest city in Nigeria, and the centre of the country's rubber industry. Created in 1991 from the former Bendel State, is also known as the heart beat of the nation. Edo State borders Kogi State to the northeast, Anambra State to the east, Delta State to the southeast and southsout ...
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Anambra State
Anambra State is a Nigerian state, located in the southeastern region of the country. The state was created on August 27, 1991. Anambra state is bounded by Delta State to the west, Imo State to the south, Enugu State to the east and Kogi State to the north. According to the 2022 census report, there are over 9 million residents in the state. The state name was formed in 1976 from the former East Central State. The state is named after Omambala River, a river that runs through the state. Anambra is the Anglicized name of the Omambala River, Omambala. The State capital is Awka, a rapidly growing city that increased in population from approximately 700,000 to more than 6 million between 2006 and 2020. The city of Onitsha, a historic port city from the pre-colonial era, remains an important centre of commerce within the state. Nicknamed the "Light of the Nation", Anambra State is the List of Nigerian states by population, eighth most populous state in the nation, although that has ...
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Gombe State
Gombe State ( ff, Leyddi Gommbe 𞤤𞤫𞤴𞤣𞤭 𞤺𞤮𞤥𞥆𞤦𞤫) is a state in northeastern Nigeria, bordered to the north and northeast by the state of Borno and Yobe, to the south by Taraba State, to the southeast by Adamawa State, and to the west by Bauchi State. Named for the city of Gombe—the state's capital and largest city—Gombe State was formed from a part of Bauchi State on 1 October 1996.The state is among the multi lingual states in Nigeria. Of the 36 states of Nigeria, Gombe is the 21st largest in area and 32nd most populous with an estimated population of about 3.25 million as of 2016. Geographically, the State is within the tropical West Sudanian savanna ecoregion. Important geographic features include Gongola River, which flows through Gombe's north and east into Lake Dadin Kowa, and part of the Muri Mountains, a small range in the state's far south. Among the state's nature are a number of snake species including carpet viper, puff adder, and ...
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Osun State
Osun State (; yo, Ìpínlẹ̀ Ọ̀ṣun), occasionally known as the State of Osun by the state government, is a state in southwestern Nigeria; bounded to the east by Ekiti and Ondo states, to the north by Kwara State, to the south by Ogun State and to the west by Oyo State. Named for the River Osun—a vital river which flows through the state—the state was formed from the southeast of Oyo State on 27 August 1991 and has its capital as the city of Osogbo. Of the 36 states of Nigeria, Osun is the ninth smallest in area and nineteenth most populous with an estimated population of about 4.7 million as of 2016. Geographically, the state is divided between the Nigerian lowland forests in most of the state and the drier Guinean forest–savanna mosaic in the north. The major geographical features are rivers including the state's namesake, the River Osun which bisects the state's interior before forming much of the state's southwestern border with Oyo State and flowing south. ...
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Niger State
Niger is a state in the North Central region of Nigeria and the largest state in the country. Niger state has three political zones, zone A,B and C. The state's capital is at Minna. Other major cities are Bida, Kontagora and Suleja. It was formed in 1976 when the then North-Western State was divided into Niger State and Sokoto State. It is home to Ibrahim Babangida and Abdulsalami Abubakar, two of Nigeria's former military rulers. The Nupe, Gbagyi, Kamuku, Kambari, Gungawa, Hun-Saare, Hausa and Koro form the majority of numerous indigenous tribes of Niger State. The state is named after the River Niger. Two of Nigeria's major hydroelectric power stations, the Kainji Dam and Shiroro Dam, are located in Niger State, along with the new Zungeru Dam. The Jebba Dam straddles the border of Niger state and Kwara state. The famous Gurara Falls is in Niger State, and Gurara Local Government Area is named after the Gurara River, on whose course the fall is situated. Also situated t ...
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