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Money And Credit Statistics (Million Naira)

  Year 2004
Month July August September
Broad Money (M2) 2,123,061.20 2,141,896.80 2,156,836.10
-- Narrow Money (M1) 1,226,385.70 1,243,015.00 1,262,912.40
---- Currency Outside Banks 371,623.90 380,340.10 385,657.70
---- Demand Deposits 854,761.80 862,674.90 877,254.70
-- Quasi Money 896,675.50 898,881.80 893,923.70
Net Foreign Assets (NFA) 2,085,902.10 2,181,393.60 2,119,634.10
Net Domestic Assets(NDA)
-- Net Domestic Credit (NDC) 1,932,953.80 1,889,831.40 1,942,371.60
---- Credit to Government (Net) 470,001.00 424,358.50 453,025.10
---- Memo: Credit to Govt. (Net) less FMA
---- Memo: Fed. and Mirror Accounts (FMA)
---- Credit to Private Sector (CPS) 1,462,952.80 1,465,472.90 1,489,346.50
--Other Assets Net
Reserve Money (Base Money) 652,167.90 657,191.00 650,470.50
--Currency in Circulation 457,159.40 459,707.40 457,977.60
--Banks Reserves 195,008.50 197,483.60 192,492.70
       
Data for the month of April 2013 are provisional.
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Facts : 1/1/1900
NEEDS:National Economic Empowerment and Development Strategy was developed by the National Planning Commission, then headed by Prof Charles Soludo. It was endorsed by the Federal Executive Council of Nigeria as a poverty-alleviating strategy. The aim of the scheme was to meet the Millenium Developoment Goals of curbing the menace of poverty in Nigeria and bringing it to the barest minimum by the year 2015.
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