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In 1973, coins were introduced in denominations of 1 ⁄ 2, 1, 5, 10 and 25 kobo, with the 1 ⁄ 2 and 1 kobo in bronze and the higher denominations in cupro-nickel. The 1 ⁄ 2 kobo coins were minted only that year. In 1991, smaller 1, 10 and 25 kobo coins were issued in copper-plated-steel, along with nickel-plated-steel 50 kobo and ₦1.
The group of sorghum, pear millet etc. is the second-largest group of food produced in Nigeria, with 28.6 million tonnes in 2020. [64] 50% or 14 million tonnes of this is sorghum. [65] The sugar cane production adds another 1.5 million tonnes to this.
Private secondary schools in Nigeria tend to be quite expensive with an average fees ranging from two hundred and fifty thousand naira to one million naira ($652.00 – $2600.00) annually. [35] These schools have smaller classes (approximately ten to twenty students per class), modern equipment and a better learning environment.
A farmer and his cow. The majority of herders in African countries are livestock owners. Livestock farming is a part of Nigeria's agriculture system. In 2017, Nigeria had approximately over 80 million poultry farming, 76 million goats, 43.4 million sheep, 18.4 million cattle, 7.5 million pigs, and 1.4 million of its equivalent. [26]
Global share of wealth by wealth group, Credit Suisse, 2021 [1] A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire. [2] Many national currencies have, or have had at various times, a low unit ...
Nearly 10.5 million Nigerian children aged 5–14 years are not in school. Only 61% of 6–11 year-olds regularly attend primary school. [ 270 ] The education system consists of six years of primary school, three years of junior secondary school, three years of senior secondary school, and four, five or six years of university education leading ...
Diversion of 60% of $1 billion foreign loans obtained from the Chinese by the Ministry of Finance [71] Enormous scam in weapons and defence procurements, and misuse of 3 trillion naira defence budget since 2011 under the guise of fighting Boko Haram [72] 7. Diversion of $2.2 million vaccination medicine fund, by Ministry of Health [73] 8.
In August 2014, he donated ₦150 million ($750,000) to assist the Nigerian government's efforts to stop the spread of Ebola. [34] [35] In May 2016, he pledged $10 million to support Nigerians affected by the Boko Haram insurgency. [36] In March 2020, he donated ₦200 million ($500,000) towards the fight against the spread of COVID-19 in ...