Collaborative Research Projects
With Relevant Agencies
The CBN has in the past worked in collaboration with some agencies to serve
the public and keep them informed with the economic issues concerning the
country. The bank in conjunction with Nigerian Institute of Social and Economic
Research (NISER) conducted studies in the following areas:
1996 - Conceptual and Methodological Framework for Informal Sector in
Nigeria
2001 - Index Study of the parallel Foreign Exchange Market in Nigeria
Also in 2001, CBN, NISER and Nigerian Bureau of Statistics (NBS) conducted
a study of the Informal Sector Volumes I& II
CBN and NBS carried out the 2005 half year Socio- Economic
Survey to generate Quarterly Gross Domestic Product (GDP) and
socio–economic indicators as Producer Price Index (PPI) and Consumer Price
Index (CPI). N54,063,240.00 was used to conduct the survey with CBN and NBS
contributing 70% and 30% of the amount respectively.
The sum of N79,376,000.00 was expended when CBN, NBS and Nigerian
Communications Commission (NCC) collaborated and conducted the 2005 Annual
Socio Economic Survey with the funding arrangement at 50%, 30% and 20%
respectively.
Collaborative Development Finance Projects
In addition to the collaborative research projects, the Bank is also involved
in the management of collaborative programmes with various development partners.
Such projects include the:
UNDP project on Developing Sustainable Micro finance Sector in Nigeria
UNDP Micro start project
World Bank Micro Small and Medium Enterprises Project
International Fund for Agricultural Development Rural Finance Institution
Building Project
CBN is also collaborating with the Ford Foundation, UNDP, United States
Agency for International Development (USAID), Department for International
Development (DFID), and the German Technical Aid Agency (GTZ) on capacity gap
assessment and building in readiness for the implementation of the micro finance
policy.
Facts : 1/16/2006
The Cowry:The Cowry has, for centuries, served our people as an important form of currency.
In 1860 the following system was in use: 40 Cowries formed a "String"; 50 Strings made a "head" and 10 heads comprised a "bag".
In Lagos in 1865 one bag of 20,000 shells was exchanged for one or two English Pounds.