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New America Foundation

New America Foundation (NAF), one of the nation’s premier think tanks, invests in new thinkers and big ideas to address major social and economic challenges. Through the work of its pioneering Asset Building Program and Global Assets Project (a joint project with the Center for Social Development at Washington University in St. Louis), NAF has built expertise in the design and advancement of policies, products and programs that build savings and assets, particularly on children and youth savings accounts, for poor and vulnerable populations around the world. The Bayelsa State Child Development Account Program is a three year policy pilot introducing structured and incentivized savings accounts for 1000 underprivileged children in all 8 districts of the Bayelsa State in Nigeria. As the first of its kind in the developing world, the goal of the pilot program is to provide youth with a means and incentive to stay in school, save for and invest in their futures, and begin to change their attitudes and behaviors toward themselves and their opportunities.

Researcher or academic institutions

11-15

Africa

Nigeria

Savings

Financial education
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