Nigeria: Funding the Sustainable Development Goals
Published 07 Oct,2020 via The Nation - The cost of eradicating poverty globally is estimated at $66 billion yearly while investment required to improve infrastructure is put at $7trillion. Meeting both expenditures will require huge funds, which the government alone cannot provide. Businesses and private institutions, including banks are to support the government in raising needed funds and improving access to finance which are crucial in achieving the Sustainable Development Goals (SDGs) for economic growth. The Global Principles for Responsible Banking was created to direct financial institutions’ to growth and development, writes COLLINS NWEZE.
Promoting good living standard should be every right-thinking government’s priority. But private sector support, especially in funding and easy access to finance, is crucial.
With a population of over 190 million, research shows that over 70 million adults representing 41.6 per cent of adults in Nigeria is financially excluded.
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COLLINS NWEZE