The Zakat Foundation™ Nigeria is a non-profit organization that is committed to providing assistance to the less privileged in the society. Its main focus is on zakat, which is an Islamic obligation of giving alms to the needy. The foundation has been carrying out this noble duty since its establishment in Nigeria, and its efforts have yielded great results over the years.
The Zakat Foundation™ Nigeria released its annual report for 2006, and it was an insightful document that provided an overview of the foundation's activities during that year. The report detailed the various programs and projects that the foundation undertook in 2006, as well as the impact of these initiatives on the lives of the less privileged.
One of the notable programs highlighted in the report was the Zakat distribution program. In 2006, the foundation distributed zakat funds to over 25,000 beneficiaries across the country. This program is aimed at providing financial support to the needy, and it covers various areas such as education, healthcare, and poverty alleviation.
The foundation also implemented a number of projects in 2006 aimed at addressing the root causes of poverty in Nigeria. These projects include the provision of clean water and sanitation facilities, as well as the construction of schools and other educational facilities in rural areas. The foundation also initiated a microfinance program that provides small loans to individuals and small businesses, with the aim of empowering them to become financially self-sufficient.
In addition to these programs, the foundation also carried out a number of relief efforts in response to emergencies and disasters that occurred in Nigeria in 2006. This includes the distribution of relief materials to victims of the Nnewi pipeline explosion and the provision of assistance to those affected by the communal clashes in Plateau State.
The report also highlighted the financial performance of the foundation in 2006. According to the report, the foundation received a total of N77 million in zakat and other donations in 2006, and it spent N63 million on various programs and projects. The report also provided a breakdown of the foundation's expenses, which included zakat distribution, relief efforts, and project implementation.
Overall, the Zakat Foundation™ Nigeria annual report for 2006 provides an insightful look into the foundation's activities and achievements during that year. It is clear that the foundation is committed to making a positive impact in the lives of the less privileged in Nigeria, and its efforts have yielded great results. With the continued support of donors and partners, the foundation is well-positioned to continue making a difference in the years to come.