Zakat Foundation™ Nigeria is a non-governmental organization that has been working to eradicate poverty and promote social justice in Nigeria since its establishment in 2008. The organization operates on the principles of Zakat, an Islamic concept of giving a portion of one's wealth to those in need, to create a society where everyone has equal access to basic needs and opportunities.
The organization's annual report for the year 2017 was an impressive display of its achievements and progress towards achieving its mission. The report covered the organization's activities, projects, and achievements throughout the year and provided insight into its financial performance.
Activities and Projects:
In 2017, Zakat Foundation™ Nigeria launched several programs aimed at improving the lives of the less privileged in the society. One of the major programs was the Zakat and Sadaqat Education Fund, which provided educational support to orphans and vulnerable children in different parts of the country. Through this program, the organization was able to sponsor the education of 1,200 children in various schools across Nigeria.
Another program launched by the organization in 2017 was the Health Support Fund, which provided financial assistance to indigent patients who could not afford medical treatment. The organization was able to support over 600 patients through this program.
In addition to these programs, the organization also carried out several projects aimed at providing relief to people affected by natural disasters and conflicts. One of such projects was the Emergency Relief Project, which provided food, shelter, and medical care to victims of the conflict in the North-Eastern part of the country. The organization was able to support over 15,000 individuals through this project.
Achievements:
The organization's efforts in 2017 yielded impressive results, and its impact was felt across different parts of the country. The Zakat and Sadaqat Education Fund, for instance, helped to reduce the number of out-of-school children in the country and provided hope for the future of the beneficiaries. The Health Support Fund also helped to save lives by providing financial assistance to indigent patients who would have otherwise been unable to access medical treatment.
The organization's Emergency Relief Project was another major achievement in 2017, as it provided life-saving support to victims of the conflict in the North-Eastern part of the country. The project helped to alleviate the suffering of the affected individuals and provided hope for a better future.
Financial Performance:
Zakat Foundation™ Nigeria's financial report for 2017 was a testament to the organization's commitment to transparency and accountability. The organization generated a total revenue of N1.7 billion in 2017, with the Zakat and Sadaqat Education Fund and Health Support Fund accounting for a significant portion of the revenue. The organization also spent over N1.2 billion on its programs and projects, with a significant portion of the funds going towards the Emergency Relief Project.
Conclusion:
Zakat Foundation™ Nigeria's annual report for 2017 showcased the organization's commitment to its mission of eradicating poverty and promoting social justice in Nigeria. The organization's programs and projects helped to improve the lives of the less privileged in the society, and its financial performance demonstrated its commitment to transparency and accountability. Overall, Zakat Foundation™ Nigeria's 2017 annual report was an impressive display of the organization's achievements and progress towards achieving its mission.