Nigeria

One in five Africans is Nigerian and although it has the largest economy in Africa, around 100 million Nigerians continue to live in poverty. Reducing poverty is a government priority.

The Nigeria economy has been growing at about 6-7% over the last few years, and most of this growth has come from the Micro, Small and Medium Enterprises (MSMEs) which contribute over 45% of the GDP, and employ about seven in ten working people. However, these businesses need loans to grow and only 3% of the funding needs of these MSMEs are met by the formal financial sector in the country.

That’s why AGI is serving as project manager for the Development Bank of Nigeria, and was responsible for coordinating all the activities required for the successful launch of the bank earlier this year.  This work builds on the small role AGI played in improving the efficiency of the EMIT secretariat, introducing the previous government’s Transformation Agenda’s reforms. 

[AGI] has made a considerable difference in the effectiveness of the EMIT.
ngozi okonjo-iweala, Former Finance Minister

Highlights

The Nigerian government has launched a National Development Bank, set to fund 20,000 small businesses in its first year.
AGI’s support to the Government of Nigeria’s ‘Transformation Agenda’ is playing its part in unlocking greater efficiency

20,000

Twenty thousand small businesses to benefit from Development Bank of Nigeria's loans in first year.

994km

The railway from Kano to Lagos, an important commercial corridor, has been repaired.

AGI In Action

Apr 2015

Twitter

.@tonyblairoffice told the @MilkenInstitute this week that Africa is 'the most exciting continent on the planet'. t.co/V21YQ4YNjy

30th April 2015
Twitter

What have AGI teams achieved since 2008? Here's some practical examples #gpf15 t.co/3GzlTc7Lzh

23rd April 2015

Mar 2015

news
The Nigerian government has launched a National Development Bank, set to fund 20,000 small businesses in its first year.
27th March 2015
Twitter

Africa is bigger than China, the US, India and Western Europe put together, check out @VoxMaps t.co/TDDgh4jfR4 t.co/ncjJDNYxSN

18th March 2015
Twitter

#Rwanda and #Nigeria top the list of developing countries with affordable internet, check out @A4A_Internet's report t.co/9awsXj4uG2

5th March 2015

Feb 2015

Twitter

Mapping Africa (& the world) by population size gives you a different perspective: t.co/c5uErWYzdX t.co/e1aUhg8Q1N

18th February 2015

Nov 2014

Twitter

Here's a snapshot of what AGI and our partner governments have done since AGI was set up in 2008 #globaldev t.co/lpKTiDwJhW

19th November 2014
Twitter

In Nigeria AGI has supported the government's economic plan - the plan has helped connect cities and speed up trade. t.co/4jcHKXtPIJ

11th November 2014

Oct 2014

Sep 2014

Video

Why we support AGI - SPF

Niclas Kjellström-Matseke, CEO of the Swedish Postcode Lottery, explains why the foundation has supported AGI since 2010.
30th September 2014

Jul 2014

Apr 2014

Jun 2013

Quote
[AGI] has made a considerable difference in the effectiveness of the EMIT.
Ngozi Okonjo-Iweala
Former Nigerian Finance Minister
5th June 2013