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NASIMS Portal Login: All You Need to Know About Nasims Portal

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Sadiya Umar Farouq, the Minister of Humanitarian Affairs, Disaster Management and Social Development

The National Social Investment Management System is known by the abbreviation NASIMS. The National Social Investment Programs of the federal government are managed using an online portal.

The initiative was established in 2015 by the Buhari-led federal government of Nigeria to offer resources for the most disadvantaged sections of society (children, youths, and women).

There are now four sub-programs in the program. The NASIMS Portal oversees their whole management. All four initiatives seek to reduce poverty and promote economic growth.

The NASIMS Portal’s Four Primary Programs

  1. N-Power

On NASIMS, the N-Power scheme is without a doubt the most well-liked. Ages 18 to 35 in Nigeria are eligible for this program. Their development of “lifelong skills” that will enable them to be change-makers in their communities is what the program hopes to help them with.

Over 500,000 graduates have already been placed in Nigerian communities under the N-Power initiative. The initiative acts as a locally generated remedy for several undeveloped public services industries, including healthcare, education, and civic participation.

  1. Dependent Cash Transfer

The most vulnerable households in the nation are the focus of this initiative. This indicates that the program specifically targets the nation’s most disadvantaged households.

The long-term objective is to eradicate poverty for millions of Nigerians.

More than 2,495 community facilitators helped to support this initiative. More than 297,000 individuals had got it as of 2018.

  1. Programs for Government Enterprise and Empowerment (GEEP).

The Government Enterprise and Empowerment Initiative, a government program on the NASIMS Portal, was also developed by the federal government. At the bottom of the economic pyramid, small enterprises and entrepreneurs are given financial assistance and training through this initiative.

Under this program, the government provides low-cost microloans to young people, women, and agricultural laborers who are in economically precarious situations. The government employs this initiative to aid in the development of this formerly underproductive industry. The initiative might also raise communities out of poverty and integrate millions of people into the modern economy.

  1. The National Homegrown School Meal Program.

For more than 5.5 million kids in grades 1 through 3, the governmental NHGSFP (also known as The Home Grown School Feeding Program) delivers a wholesome lunch.

This initiative aims to boost enrollment in elementary schools and lower dropout rates. Nigeria now has a dropout rate of more than 30%. Poverty is a common cause of this. The most fundamental requirements of children in school are met by this curriculum.

How to log in to the NASIMs portal

If you are trying to log in for the first time, use the method listed below to recover your password.

  • Go to the official NASIMs portal
  • Login by clicking.
  • Make use of the “Forgot Password” feature.
  • Choose from the N-POWER application ID or N-POWER application email options.
  • Enter the details for the chosen option.
  • Simply select “Reset Password”
  • Enter a new password, then select the next option.
  • Use your N-POWER application email address or ID and the freshly generated password to log in.
  • Please log in to update your record when your password has been successfully reset.

NASIMS Portal’s BVN validation process

You must verify your BVN number before you may take the N-Power exam via the NASIMS site (Bank Verification Number). This is a crucial action that has to be addressed seriously.

The BVN validation process’s main goal is to confirm that you are a genuine person, a Nigerian, that you are who you say you are, and not an impostor.

To confirm your BVN via the NASIMS site, follow these steps.

  • Go to your NASIMS Dashboard and log in.
  • Select the URL for BVN validation.
  • And also submit your contact information, which should include your BVN number, birthdate, email address, and phone number.
  • Select “Validate” from the menu.

Some frequently asked questions concerning the NASIMs portal (FAQs)

Why I don’t receive NASIMs forgot password link after entering my email address?

If, after changing your password via the NASIMS portal, you get a notification that a password reset link has been issued to your email address, you should not be bothered. Be wait while refreshing your inbox.

The time it takes for mail to arrive at your mailbox might surpass an hour. Do not rush.

Why does my email address return an “Account not found in NASIMS Login Portal error”?

A couple of possibilities exist. You might not have made the list.

The fact that you supplied a different email address than the one connected to your N-Power application might also be the cause. You may make sure the email address is accurate before attempting again.

 

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Real Madrid Breaks Financial Records, Posts €1 Billion Revenue Amid Stadium Overhaul

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Real Madrid's Portuguese forward Cristia

Real Madrid has announced record-breaking revenue exceeding €1 billion for the 2023/24 fiscal year.

The club’s latest financial report reveals a €1.073 billion ($1.16 billion) in revenue, a substantial 27% increase from the previous year.

This impressive growth comes despite the ongoing overhaul of the Santiago Bernabéu, which has temporarily limited its full operational capacity.

The revenue surge highlights the club’s ability to generate substantial income through various channels, including marketing and stadium operations.

Real Madrid’s success is not confined to the pitch; it has achieved significant commercial milestones.

The 2023/24 season saw the club secure its sixth UEFA Champions League title in a decade, alongside domestic triumphs in La Liga and the Super Cup.

Also, Real Madrid’s basketball team also enjoyed a stellar season, clinching the Spanish league title, King’s Cup, and Spanish Super Cup, while reaching the Euroleague finals.

Despite a decline in broadcasting revenues from La Liga, the club’s financial performance has been buoyed by increased marketing and sponsorship deals.

Notably, Real Madrid secured a new shirt sleeve sponsorship with HP, contributing to a substantial rise in marketing revenues.

The club’s EBITDA soared to €144 million ($156 million), a 71% increase from the previous year, reflecting its robust financial health and operational efficiency.

The ongoing renovation of the Santiago Bernabéu Stadium, with a total investment of €1.163 billion ($1.262 billion), is set to further enhance the club’s revenue streams.

The final phase of the renovation, including VIP areas and event spaces, is expected to be completed by the 2024/25 financial year.

This development will likely drive additional revenue growth, reinforcing Real Madrid’s financial strength.

The club’s net worth stands at €574 million ($623 million), with a modest net debt of just €8 million ($8.6 million) as of June 30, 2024.

The financial results highlight Real Madrid’s resilience and strategic acumen, particularly in managing significant investments and leveraging commercial opportunities.

“Achieving over €1 billion in revenue is a groundbreaking accomplishment for Real Madrid,” said a club spokesperson.

“Despite the challenges posed by the stadium renovation, we have successfully driven growth through innovative marketing strategies and commercial partnerships. Our focus remains on building a stronger future both on and off the field.”

As the club prepares for the 2024/25 season, the anticipated arrival of Kylian Mbappé on a free transfer is expected to further boost commercial prospects and enhance the club’s marketability.

The combination of sporting success, strategic investments, and a renovated stadium positions Real Madrid for continued financial and on-field success.

Real Madrid’s achievement reflects broader trends in football finance, where top clubs are increasingly leveraging commercial opportunities to achieve unprecedented revenue milestones.

The club’s performance sets a new benchmark for financial success in the sport and underscores its enduring global appeal.

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Singapore Tops Passport Power Rankings, Overtakes European Rivals

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Singapore has reclaimed its position as the holder of the world’s most powerful passport, surpassing European countries such as France, Germany, Italy, and Spain.

According to the Henley Passport Index, Singaporean citizens can now enjoy visa-free access to 195 destinations globally, placing the city-state at the top of the rankings.

The Henley Passport Index, which uses data from the International Air Transport Association, evaluates 199 passports and their access to 227 destinations.

The latest update sees Singapore leapfrogging previous leaders, with the European quartet and Japan now sharing second place.

In third place are Austria, Finland, Ireland, Luxembourg, Netherlands, South Korea, and Sweden, whose passport holders have visa-free access to 191 destinations.

This is the first time seven nations have occupied this spot together.

Juerg Steffen, CEO of Henley & Partners, emphasized the significance of passport strength in today’s globalized world.

“The ability to travel visa-free is more than convenience; it’s a powerful economic tool driving growth, fostering international cooperation, and attracting foreign investment.”

While Singapore rises, the United States continues its decline, now ranking eighth, a drop from its former position at the top alongside the UK a decade ago. The UK, meanwhile, has slipped to fourth place.

At the bottom of the list, Afghanistan remains the weakest passport, offering visa-free entry to just 26 destinations.

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Netflix’s Premium Plan Sees 40% Price Hike Amidst Nigerian Inflation

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Netflix

Netflix has increased its subscription prices in Nigeria with the Premium Plan seeing a 40% hike from ₦5,000 to ₦7,000 per month.

According to the updated pricing on Netflix’s website, the Standard Plan, popular for its HD quality and multi-screen options, now costs ₦5,500, up from ₦4,000—a 37.5% rise.

Meanwhile, the Basic Plan increased by 21% to ₦3,500, and the Mobile Plan saw a dramatic 83% jump from ₦1,200 to ₦2,200.

In April, Netflix adjusted its Premium Plan from ₦4,400 to ₦5,000 and its Standard Plan from ₦3,600 to ₦4,000. The Basic Plan remained unchanged at ₦2,900 during that period.

The company stated these changes were part of a broader strategy to enhance revenue and support its expanding content offerings.

This latest hike comes amid soaring inflation in Nigeria, which has significantly impacted the cost of living.

As food and essential goods prices rise, many Nigerians find entertainment subscriptions increasingly unaffordable.

Netflix’s price adjustments are not limited to Nigeria; similar increases have occurred in major markets like the United States, United Kingdom, and France.

In October 2023, both the Basic and Premium plans experienced hikes in these countries as part of Netflix’s global pricing strategy.

The frequent price hikes have sparked concern among Nigerian subscribers who already face economic challenges. Many are reevaluating their subscriptions as home entertainment costs continue to climb.

As Netflix continues to adjust its pricing to sustain growth and content expansion, Nigerian consumers are left weighing the value of their streaming subscriptions against other financial priorities.

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