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The Nigerian National social investment management system is a system that promotes the use of social investment for a more equitable society. It has been implemented by the president of Nigeria, Muhammadu Buhari to help Nigeria’s poor gain access to education and healthcare.
What is N-Power?
The Nigerian National Social Investment management system, popularly known as N-Power, is an investment management system in Nigeria. The system was designed to help investors identify and invest in social enterprises.
N-Power was created in 2009 by the then Minister of Finance, Dr. Ngozi Okonjo-Iweala to make Nigeria a global leader in social investment. The system was developed in partnership with Invest Northern Ireland and the United Kingdom’s Department for International Development.
Since its launch, N-Power has helped to raise $1.5 billion for social enterprises in Nigeria. In addition, the system has helped to create more than 100,000 jobs and has helped to reduce poverty by more than 20%.
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Why was N-Power created?
The main goals of N-Power are to improve social sector governance and operations, support sustainable development, and improve coordination among different government agencies. The system is also designed to help promote transparency and accountability in the social sector.
N-Power is divided into five core modules: financial management, program management, human resources management, information systems, and procurement. The system is managed by the National Social Investment Management Agency (NSIMA), which is responsible for implementing it across the country.
Benefits of the N-Power program
The National Social Investment management system has several benefits that include:
- Improved monitoring and evaluation of social investment programs.
- Increased access to finance for social investments.
- Improved governance of social investment programs.
- Improved transparency and accountability of social investment programs.
- Reduced costs and improved efficiency of social investment programs.
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Qualifications for N-Power
Below are the required qualifications for each position:
Education: A degree in Social Investment, Economics, Business Administration, or any related field is required.
Experience: At least five years of experience in a similar position is preferred.
Language Skills: The ideal candidate should have excellent written and oral communication skills in English.
Personal Characteristics: The ideal candidate should be responsible, organized, detail-oriented, and have good problem-solving skills.
Computer Literacy: The ideal candidate should have basic computer literacy including knowledge of Microsoft Office applications.
Who is eligible for the N-Power
To be registered on N-Power, you must meet the following requirements:
- You must be a Nigerian national.
- You must have an account with a Nigerian bank.
- You must have an active N-Power account.
- You must have completed the online registration process.
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How to Register for the N-Power platform
To register for N-Power, visit its website and follow the simple steps:
- First, create an account by entering your name, email address, and password.
- Next, select your country of residence.
- Choose your organization type (social enterprise, non-profit organization, or government institution).
- After selecting your organization type, you will be asked to provide information about your organization’s legal status and financial statements.
- Finally, select the products and services you would like to offer through N-Power.
What is N-Power Batch?
N-Power Batch is the Nigerian National Social Investment management system. It was designed to streamline and automate the process of managing social investments. N-Power Batch is a web-based platform that allows investment managers to search for, screen, and invest in social enterprises. The system also allows social enterprises to report their performance and generate financial statements.
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Why should you consider N-Power Batching?
The Nigerian National Social Investment management system (N-Power) is a social investment platform that was created to help investors get the best returns on their social investments.
N-Power has a unique batching feature that allows users to group their investments so that they can receive better returns. This is especially helpful for investors who want to make smaller, more frequent investments.
Batching also helps reduce the risk associated with investing in social enterprises. By grouping your investments, you are less likely to lose all of your money if one of the businesses fails.
The N-Power platform also offers some other features that make it an attractive option for social investors. These include:
- A user-friendly interface that makes it easy to find and invest in social enterprises.
- A wide variety of investment options, including stocks, bonds, and mutual funds.
- A built-in financial analysis tool that helps you understand your investment portfolio.
How does N-Power Batching Work?
The N-Power Batching System works by grouping different types of investments – such as stocks, bonds, and property – into small, manageable doses. This means that you can take advantage of the benefits associated with each type of investment, without having to worry about the impact on the overall portfolio.
This system has been proven to be extremely effective in reducing risk and producing positive returns for investors. By grouping your investments in this way, you can achieve greater stability and security in your financial situation.
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Frequently Asked Questions
Q: How does the Nigerian National Social Investment management system work?
A: The Nigerian National Social Investment management system operates through a network of autonomous social investment agencies. These agencies are responsible for identifying and investing in social and economic projects across the country.
Q: What types of projects can be funded through the Nigerian National Social Investment management system?
A: Social and economic sector projects that are eligible for funding through the Nigerian National Social Investment management system include education, health care, housing, and energy infrastructure development.
Q: How much money has been raised through the Nigerian National Social Investment management system so far?
A: As of January 2018, over $5 billion has been raised through the Nigerian National Social Investment management system. This figure includes both private and public investments.